Funding you earn now, next payment 01:00 UTC−0.0493%/8h= −54.0% APRpaid last 24h −0.041%
Price spread now: Binance against Kraken Futures−0.059%7-day average −0.182% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1131.130% of the position
Funding, last 7 days+0.536%+$54 on $10k
+Price spread, last 3 days (all we have)−0.189%−$19 · spread now −0.059%, 7d avg −0.182%
=The price spread pays, funding is against you. Binance is 0.122% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.059% now, against its 7-day average of −0.182%): +$12 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 20 hours. Mind the row above: over the last 7 days funding on this pair paid +0.536%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RUNEUSD | 0.6625 | 0.0593 | pay 0.0074% / 1h | 52m 30s | $195K | $235K | 20x |
| Short | Binance RUNEUSDT | 0.6621 | 0.0100 | get 0.0100% / 8h | 7h 52m | $5.2M | $12.1M | 75x |
Kraken Futures PF_RUNEUSD
Binance RUNEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- −$103.58
- Price spread: −0.059% → −0.182%
- $12.23
- Slippage, 4 orders
- −$92.99
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$204.35
- Costs to cover
- 1.130%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 20 min ago; Binance: live order book, 3 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 Kraken Futures live order book, 20 min ago | 11.58 bp | 48.8 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 1.51 bp | 10.0 bp −$10 | 33.5 bp −$335 | 476.5 bp −$47.7K | 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 | −0.0204% | 1h | 0.6612 | −0.197% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −7.095% | $7 | $14 | 12x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0056% | 1h | 0.6668 | +0.648% | $40K | $32K | 25x | as long as short |
| BloFin RUNE-USDT | +0.0099% | 8h | 0.6618 | −0.107% | $470K | $186K | 75x | as long as short |
| Binance RUNEUSDTshort | +0.0100% | 8h | 0.6621 | −0.059% | $5.2M | $12.1M | 75x | |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6621 | −0.061% | $3.0M | $2.1M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6607 | −0.273% | $670K | $327K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6625 | −0.001% | $3.8M | $2.3M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6619 | −0.092% | $943K | $236K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6624 | −0.016% | $1.6M | $622K | 50x | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Coinbase International RUNE-PERP-INTX
BloFin RUNE-USDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RUNE-USDT | +0.0100% | 8h | 0.6629 | +0.059% | — | $59.1M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6665 | +0.597% | $131K | $8K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6593 | −0.490% | $4K | $169K | 10x | as long as short |
| dYdX RUNE-USD | +0.0459% | 1h | 0.6598 | −0.409% | $56K | $5K | 5x | as long as short |
| Kraken Futures PF_RUNEUSDlong | +0.0593% | 1h | 0.6625 | long leg | $195K | $235K | 20x | |
| Hyperliquid RUNE | +0.1050% | 1h | 0.6633 | +0.115% | $1.8M | $955K | 5x | as long as short |
BingX RUNE-USDT
Variational Omni RUNE
Extended RUNE-USD
dYdX RUNE-USD
Hyperliquid RUNE