Funding you earn now, next payment 03:00 UTC−0.1973%/8h= −216.1% APRpaid last 24h −0.075%
Price spread now: BloFin against Kraken Futures−0.075%57s7-day average −0.150% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as 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−$1741.742% of the position
Funding, last 7 days+0.490%+$49 on $10k
+Price spread, last 4 days (all we have)−0.215%−$22 · spread now −0.075%, 7d avg −0.150%
=The price spread pays, funding is against you. BloFin is 0.075% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.075% now, against its 7-day average of −0.150%): +$8 on $10k if it goes back. Holding the pair costs −$59 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 7 days funding on this pair paid +0.490%, so the current rate has only just turned against you. 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 0.490% in total (about 25.6% 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 | Kraken Futures PF_RUNEUSD | 0.6340 | 0.2064 | pay 0.0258% / 1h | 2m 02s | $181K | $286K | 20x |
| Short | BloFin RUNE-USDT | 0.6335 | 0.0091 | get 0.0091% / 8h | 5h 02m | $446K | $193K | 75x |
Kraken Futures PF_RUNEUSD
BloFin RUNE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$414.37
- Price spread: −0.075% → −0.150%
- $7.51
- Slippage, 4 orders
- −$152.18
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$581.04
- Costs to cover
- 1.742%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 61 min ago; BloFin: live order book, 35 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, 61 min ago | 46.63 bp | 80.0 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 35 min ago | 3.18 bp | 22.2 bp −$22 | 62.7 bp −$627 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit RUNE_USDC-PERPETUAL | 0.0000% | 1h | 0.6332 | −0.123% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −2.915% | $7 | $14 | 12x | as long as short |
| BloFin RUNE-USDTshort | +0.0091% | 8h | 0.6335 | −0.075% | $446K | $193K | 75x | |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6331 | −0.131% | $4.8M | $15.6M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6333 | −0.107% | $2.8M | $2.8M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6337 | −0.044% | $628K | $377K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6332 | −0.123% | $3.6M | $3.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6338 | −0.028% | $919K | $330K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6342 | +0.035% | $1.5M | $766K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6330 | −0.154% | — | $59.0M | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RUNE | +0.0100% | 8h | 0.6335 | −0.079% | $186K | $67K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6328 | −0.180% | $4K | $165K | 10x | as long as short |
| dYdX RUNE-USD | +0.0139% | 1h | 0.6329 | −0.174% | $27K | $32K | 5x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0504% | 1h | 0.6381 | +0.650% | $37K | $31K | 25x | as long as short |
| Hyperliquid RUNE | +0.1533% | 1h | 0.6349 | +0.149% | $1.7M | $1.0M | 5x | as long as short |
| Kraken Futures PF_RUNEUSDlong | +0.2064% | 1h | 0.6340 | long leg | $181K | $286K | 20x |
Variational Omni RUNE
Extended RUNE-USD
dYdX RUNE-USD
Coinbase International RUNE-PERP-INTX
Hyperliquid RUNE