Funding you earn now, next payment 08:00 UTC−0.1060%/8h= −116.1% APRpaid last 24h −0.099%
Price spread now: KuCoin against Coinbase International−0.450%51s7-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 −$32 a day on $10k at the current rate, and KuCoin is 0.450% cheaper against Coinbase International than usual: you would sell low and buy high (−$45 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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 | Coinbase International RUNE-PERP-INTX | 0.6446 | 0.1160 | pay 0.0145% / 1h | 37m 29s | $37K | $30K | 25x |
| Short | KuCoin RUNEUSDTM | 0.6417 | 0.0100 | get 0.0100% / 8h | 7h 37m | $995K | $365K | 50x |
Coinbase International RUNE-PERP-INTX
KuCoin RUNEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$222.6
- Price spread: −0.450% → 0.000%
- −$44.99
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$289.59
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; KuCoin: live order book, 37 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 KuCoin live order book, 37 min ago | 0.78 bp | 29.1 bp −$29 | 176.8 bp −$1,768 | 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 | −4.514% | $7 | $14 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0075% | 8h | 0.6414 | −0.496% | $328K | $210K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6409 | −0.574% | $5.1M | $16.6M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6410 | −0.558% | $2.9M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6420 | −0.403% | $673K | $380K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6409 | −0.574% | $3.9M | $3.8M | 125x | as long as short |
| KuCoin RUNEUSDTMshort | +0.0100% | 8h | 0.6417 | −0.450% | $995K | $365K | 50x | |
| Variational Omni RUNE | +0.0100% | 8h | 0.6411 | −0.536% | $185K | $70K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6409 | −0.570% | $4K | $212K | 10x | as long as short |
| BingX RUNE-USDT | +0.0161% | 8h | 0.6412 | −0.527% | — | $3.9M | — | as long as short |
Injective RUNE/USDC PERP
BloFin RUNE-USDT
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
Variational Omni RUNE
Extended RUNE-USD
BingX RUNE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget RUNEUSDT | +0.0165% | 8h | 0.6419 | −0.419% | $1.5M | $796K | 50x | as long as short |
| dYdX RUNE-USD | +0.0209% | 1h | 0.6406 | −0.621% | $27K | $32K | 5x | as long as short |
| Deribit RUNE_USDC-PERPETUAL | +0.0218% | 1h | 0.6417 | −0.450% | — | — | 10x | as long as short |
| Coinbase International RUNE-PERP-INTXlong | +0.1160% | 1h | 0.6446 | long leg | $37K | $30K | 25x | |
| Hyperliquid RUNE | +0.1345% | 1h | 0.6415 | −0.476% | $1.8M | $1.2M | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.1673% | 1h | 0.6424 | −0.335% | $150K | $314K | 20x | as long as short |
Bitget RUNEUSDT
dYdX RUNE-USD
Deribit RUNE_USDC-PERPETUAL
Hyperliquid RUNE
Kraken Futures PF_RUNEUSD