Funding you earn now, next payment 07:00 UTC+0.0761%/8h= +83.3% APRpaid last 24h +0.131%
Price spread now: Kraken Futures against Bitget−0.120%48s7-day average +0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1011.008% of the position
Funding, last 7 days−0.506%−$51 on $10k
+Price spread, last 4 days (all we have)+0.385%+$38 · spread now −0.120%, 7d avg +0.124%
=Funding pays, the price is against you. Kraken Futures is 0.244% cheaper against Bitget than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of +0.124%). If the spread goes back, that is −$24 on $10k: about 26 hours of funding at the current rate (+$23 a day). Mind the row above: over the last 7 days funding on this pair cost −0.506%, so the current rate has only just turned in your favour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.506% in total (about -26.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget RUNEUSDT | 0.6340 | 0.0100 | pay 0.0100% / 8h | 1h 48m | $1.5M | $787K | 50x |
| Short | Kraken Futures PF_RUNEUSD | 0.6332 | 0.0861 | get 0.0108% / 1h | 48m 25s | $154K | $306K | 20x |
Bitget RUNEUSDT
Kraken Futures PF_RUNEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $159.71
- Price spread: −0.120% → +0.124%
- −$24.35
- Slippage, 4 orders
- −$78.8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $34.55
- Costs to cover
- 1.008%
- Break-even
- 5.5 days
Slippage from Bitget: live order book, 3 min ago; Kraken Futures: live order book, 59 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bitget live order book, 3 min ago | 3.94 bp | 20.4 bp −$20 | 95.7 bp −$957 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 59 min ago | 12.66 bp | 25.2 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
RUNE on 16 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX RUNE-USD | +0.0024% | 1h | 0.6329 | −0.168% | $27K | $32K | 5x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −2.918% | $7 | $14 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0088% | 8h | 0.6337 | −0.047% | $441K | $206K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6330 | −0.158% | $4.9M | $16.2M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6334 | −0.095% | $2.9M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6337 | −0.047% | $627K | $364K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6330 | −0.158% | $3.4M | $3.6M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6335 | −0.079% | $977K | $368K | 50x | as long as short |
| Bitget RUNEUSDTlong | +0.0100% | 8h | 0.6340 | long leg | $1.5M | $787K | 50x | |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6332 | −0.126% | — | $58.7M | — | as long as short |
dYdX RUNE-USD
Injective RUNE/USDC PERP
BloFin RUNE-USDT
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
BingX RUNE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RUNE | +0.0100% | 8h | 0.6329 | −0.174% | $183K | $70K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6329 | −0.174% | $8K | $160K | 10x | as long as short |
| Deribit RUNE_USDC-PERPETUAL | +0.0224% | 1h | 0.6330 | −0.158% | — | — | 10x | as long as short |
| Kraken Futures PF_RUNEUSDshort | +0.0861% | 1h | 0.6332 | −0.120% | $154K | $306K | 20x | |
| Coinbase International RUNE-PERP-INTX | +0.0864% | 1h | 0.6361 | +0.331% | $37K | $30K | 25x | as long as short |
| Hyperliquid RUNE | +0.1598% | 1h | 0.6338 | −0.035% | $1.8M | $1.2M | 5x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
Deribit RUNE_USDC-PERPETUAL
Coinbase International RUNE-PERP-INTX
Hyperliquid RUNE