Funding you earn now, next payment 07:00 UTC−0.0259%/8h= −28.3% APRnext payment −$0.32 per $10,000 · paid last 24h +0.061%
Price spread now: Kraken Futures against Coinbase International−0.215%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Kraken Futures is 0.215% cheaper against Coinbase International than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International RUNE-PERP-INTX | 0.6425 | 0.1024 | pay 0.0128% / 1h | 4m 35s | $37K | $30K | 25x |
| Short | Kraken Futures PF_RUNEUSD | 0.6411 | 0.0765 | get 0.0096% / 1h | 4m 35s | $148K | $313K | 20x |
Coinbase International RUNE-PERP-INTX
Kraken Futures PF_RUNEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Coinbase International. 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
- −$54.31
- Price spread: −0.215% → 0.000%
- −$21.51
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$95.82
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Kraken Futures: live order book, 33 min ago. Net counts fees only.
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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 33 min ago | 14.87 bp | 29.2 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −4.202% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6399 | −0.405% | $5.0M | $16.4M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6398 | −0.420% | $2.9M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6403 | −0.342% | $666K | $391K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6400 | −0.389% | $3.9M | $3.8M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6409 | −0.249% | $992K | $363K | 50x | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6397 | −0.434% | $185K | $70K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6397 | −0.432% | $8K | $208K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0111% | 8h | 0.6411 | −0.218% | $444K | $209K | 75x | as long as short |
| BingX RUNE-USDT | +0.0124% | 8h | 0.6402 | −0.358% | — | $58.7M | — | as long as short |
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Variational Omni RUNE
Extended RUNE-USD
BloFin RUNE-USDT
BingX RUNE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget RUNEUSDT | +0.0136% | 8h | 0.6408 | −0.265% | $1.6M | $778K | 50x | as long as short |
| dYdX RUNE-USD | +0.0634% | 1h | 0.6388 | −0.582% | $27K | $32K | 5x | as long as short |
| Deribit RUNE_USDC-PERPETUAL | +0.0687% | 1h | 0.6411 | −0.218% | — | — | 10x | as long as short |
| Kraken Futures PF_RUNEUSDshort | +0.0765% | 1h | 0.6411 | −0.215% | $148K | $313K | 20x | |
| Coinbase International RUNE-PERP-INTXlong | +0.1024% | 1h | 0.6425 | long leg | $37K | $30K | 25x | |
| Hyperliquid RUNE | +0.1476% | 1h | 0.6411 | −0.226% | $1.8M | $1.2M | 5x | as long as short |
Bitget RUNEUSDT
dYdX RUNE-USD
Deribit RUNE_USDC-PERPETUAL
Hyperliquid RUNE