Funding you earn now, next payment 07:00 UTC+0.0730%/8h= +79.9% APRpaid last 24h +0.132%
Price spread now: Kraken Futures against BloFin+0.121%57s7-day average +0.149% · you sell dearer than you buy
Net, funding: paid 7d − costs−$118as 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−$750.750% of the position
Funding, last 7 days−0.430%−$43 on $10k
+Price spread, last 4 days (all we have)+0.194%+$19 · spread now +0.121%, 7d avg +0.149%
=Funding pays, the price is against you. Kraken Futures is 0.028% cheaper against BloFin than usual: you would sell low and buy high (spread +0.121% now, against its 7-day average of +0.149%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$22 a day). Mind the row above: over the last 7 days funding on this pair cost −0.430%, so the current rate has only just turned in your favour. The two prices were read 57 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 -0.430% in total (about -22.4% 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 | BloFin RUNE-USDT | 0.6364 | 0.0125 | pay 0.0125% / 8h | 1h 25m | $435K | $207K | 75x |
| Short | Kraken Futures PF_RUNEUSD | 0.6372 | 0.0855 | get 0.0107% / 1h | 25m 35s | $150K | $318K | 20x |
BloFin RUNE-USDT
Kraken Futures PF_RUNEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $153.25
- Price spread: +0.121% → +0.149%
- −$2.75
- Slippage, 4 orders
- −$53.05
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $75.46
- Costs to cover
- 0.750%
- Break-even
- 3.6 days
Slippage from BloFin: live order book, 51 min ago; Kraken Futures: live order book, 17 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, 51 min ago | 2.38 bp | 15.5 bp −$16 | 39.6 bp −$396 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 17 min ago | 7.11 bp | 18.6 bp −$19 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.284% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6367 | +0.040% | $4.9M | $16.2M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6370 | +0.094% | $2.9M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6374 | +0.157% | $631K | $365K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6374 | +0.157% | $3.5M | $3.6M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6374 | +0.157% | $982K | $365K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6386 | +0.346% | $1.6M | $784K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6377 | +0.204% | — | $58.7M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6371 | +0.108% | $184K | $70K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6373 | +0.143% | $6K | $101K | 10x | as long as short |
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDT
Variational Omni RUNE
Extended RUNE-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin RUNE-USDTlong | +0.0125% | 8h | 0.6364 | long leg | $435K | $207K | 75x | |
| dYdX RUNE-USD | +0.0376% | 1h | 0.6337 | −0.425% | $27K | $32K | 5x | as long as short |
| Deribit RUNE_USDC-PERPETUAL | +0.0535% | 1h | 0.6371 | +0.110% | — | — | 10x | as long as short |
| Kraken Futures PF_RUNEUSDshort | +0.0855% | 1h | 0.6372 | +0.121% | $150K | $318K | 20x | |
| Coinbase International RUNE-PERP-INTX | +0.0864% | 1h | 0.6389 | +0.393% | $37K | $29K | 25x | as long as short |
| Hyperliquid RUNE | +0.1500% | 1h | 0.6381 | +0.264% | $1.8M | $1.2M | 5x | as long as short |
dYdX RUNE-USD
Deribit RUNE_USDC-PERPETUAL
Coinbase International RUNE-PERP-INTX
Hyperliquid RUNE