Funding you earn now, next payment 21:00 UTC+0.1883%/8h= +206.2% APRnext payment +$2.35 per $10,000 · paid last 24h −0.088%
Price spread now: Kraken Futures against Injective+3.561%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.612%−$61 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$56 a day on $10k at the current rate, and Kraken Futures is 3.561% dearer against Injective than usual: you sell high and buy low: +$356 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.612%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.612% in total (about -31.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.35 per $10,000. 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 | Injective RUNE/USDC PERP | 0.6155 | 0.0033 | pay 0.0004% / 1h | 30m 31s | $7 | $24 | 12x |
| Short | Kraken Futures PF_RUNEUSD | 0.6374 | 0.1916 | get 0.0240% / 1h | 30m 31s | $176K | $223K | 20x |
Injective RUNE/USDC PERP
Kraken Futures PF_RUNEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- $395.4
- Price spread: +3.561% → 0.000%
- $356.06
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $741.44
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 17 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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 17 min ago | 36.15 bp | 59.0 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit RUNE_USDC-PERPETUAL | −0.0693% | 1h | 0.6356 | +3.266% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERPlong | +0.0033% | 1h | 0.6155 | long leg | $7 | $24 | 12x | |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6364 | +3.395% | $4.7M | $9.3M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6360 | +3.331% | $2.7M | $1.4M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6357 | +3.282% | $654K | $283K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6360 | +3.331% | $2.6M | $1.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6357 | +3.282% | $907K | $189K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6370 | +3.493% | $1.5M | $446K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6353 | +3.217% | — | $59.0M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6346 | +3.110% | $125K | $9K | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
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 | 0.6359 | +3.315% | $4K | $170K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0105% | 8h | 0.6361 | +3.347% | $454K | $126K | 75x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0320% | 1h | 0.6401 | +3.997% | $38K | $16K | 25x | as long as short |
| Hyperliquid RUNE | +0.1212% | 1h | 0.6369 | +3.483% | $1.7M | $837K | 5x | as long as short |
| Kraken Futures PF_RUNEUSDshort | +0.1916% | 1h | 0.6374 | +3.561% | $176K | $223K | 20x | |
| dYdX RUNE-USD | +0.2186% | 1h | 0.6352 | +3.207% | $54K | $4K | 5x | as long as short |
Extended RUNE-USD
BloFin RUNE-USDT
Coinbase International RUNE-PERP-INTX
Hyperliquid RUNE
dYdX RUNE-USD