Funding you earn now, next payment 08:00 UTC−0.0027%/8h= −2.9% APRnext payment −$0.27 per $10,000 · paid last 24h +0.001%
Price spread now: Gate against BloFin−2.677%483s7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$129as 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−$1361.365% of the position
Funding, last 7 days+0.075%+$8 on $10k
+Price spread, last 3 days (all we have)+2.818%+$282 · spread now −2.677%, 7d avg +0.036%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 2.713% cheaper against BloFin than usual: you would sell low and buy high (−$271 if the spread goes back to its 7-day average of +0.036%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.075%, so the current rate has only just turned against you. The two prices were read 483 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin RUNE-USDT | 0.6537 | 0.0127 | pay 0.0127% / 8h | 6h 41m | $478K | $193K | 75x |
| Short | Gate RUNE_USDT | 0.6362 | 0.0100 | get 0.0100% / 8h | 6h 41m | $640K | $361K | 50x |
BloFin RUNE-USDT
Gate RUNE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BloFin. 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
- −$5.61
- Price spread: −2.677% → +0.036%
- −$271.3
- Slippage, 4 orders
- −$109.5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$413.4
- Costs to cover
- 1.365%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 25 min ago; Gate: live order book, 25 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 BloFin live order book, 25 min ago | 3.80 bp | 14.1 bp −$14 | 44.1 bp −$441 | doesn't fit | doesn't fit |
| Sell Gate live order book, 25 min ago | 5.31 bp | 51.7 bp −$52 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit RUNE_USDC-PERPETUAL | −0.0065% | 1h | 0.6353 | −2.815% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −5.844% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6373 | −2.502% | $5.0M | $14.4M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6369 | −2.570% | $2.9M | $2.5M | 75x | as long as short |
| Gate RUNE_USDTshort | +0.0100% | 8h | 0.6362 | −2.677% | $640K | $361K | 50x | |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6372 | −2.524% | $3.7M | $3.1M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6365 | −2.631% | $900K | $290K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6367 | −2.601% | $1.6M | $730K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6366 | −2.616% | — | $59.0M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6353 | −2.822% | $171K | $54K | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDT
Variational Omni RUNEShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended RUNE-USD | +0.0104% | 1h | 0.6355 | −2.790% | $4K | $165K | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0104% | 1h | 0.6566 | +0.444% | $39K | $32K | 25x | as long as short |
| BloFin RUNE-USDTlong | +0.0127% | 8h | 0.6537 | long leg | $478K | $193K | 75x | |
| dYdX RUNE-USD | +0.0713% | 1h | 0.6364 | −2.639% | $54K | $5K | 5x | as long as short |
| Hyperliquid RUNE | +0.0801% | 1h | 0.6374 | −2.498% | $1.7M | $1.0M | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.1745% | 1h | 0.6399 | −2.107% | $184K | $278K | 20x | as long as short |
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
dYdX RUNE-USD
Hyperliquid RUNE
Kraken Futures PF_RUNEUSD