Funding you earn now, next payment 05:00 UTC−0.0848%/8h= −92.8% APRpaid last 24h −0.114%
Price spread now: Bybit against Kraken Futures−0.100%7-day average −0.181% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1251.251% of the position
Funding, last 7 days+0.489%+$49 on $10k
+Price spread, last 4 days (all we have)−0.200%−$20 · spread now −0.100%, 7d avg −0.181%
=The price spread pays, funding is against you. Bybit is 0.081% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.100% now, against its 7-day average of −0.181%): +$8 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +0.489%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.489% in total (about 25.5% 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 | 0.6373 | 0.0948 | pay 0.0118% / 1h | 45m 12s | $167K | $319K | 20x |
| Short | Bybit RUNEUSDT | 0.6367 | 0.0100 | get 0.0100% / 8h | 3h 45m | $2.9M | $2.8M | 75x |
Kraken Futures PF_RUNEUSD
Bybit RUNEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$178.05
- Price spread: −0.100% → −0.181%
- $8.1
- Slippage, 4 orders
- −$104.08
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$295.02
- Costs to cover
- 1.251%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 7 min ago; Bybit: live order book, 2 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, 7 min ago | 13.32 bp | 24.8 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 5.50 bp | 30.3 bp −$30 | 63.3 bp −$633 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.427% | $7 | $14 | 12x | as long as short |
| Deribit RUNE_USDC-PERPETUAL | +0.0064% | 1h | 0.6366 | −0.116% | — | — | 10x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6365 | −0.125% | $4.8M | $15.8M | 75x | as long as short |
| Bybit RUNEUSDTshort | +0.0100% | 8h | 0.6367 | −0.100% | $2.9M | $2.8M | 75x | |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6368 | −0.085% | $630K | $368K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6366 | −0.116% | $3.5M | $3.5M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6371 | −0.038% | $996K | $357K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6374 | +0.009% | $1.6M | $773K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6368 | −0.085% | — | $58.9M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6362 | −0.181% | $187K | $67K | — | as long as short |
Injective RUNE/USDC PERP
Deribit RUNE_USDC-PERPETUAL
Binance 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin RUNE-USDT | +0.0102% | 8h | 0.6371 | −0.038% | $441K | $194K | 75x | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6360 | −0.215% | $8K | $169K | 10x | as long as short |
| dYdX RUNE-USD | +0.0508% | 1h | 0.6372 | −0.023% | $27K | $32K | 5x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0680% | 1h | 0.6395 | +0.339% | $38K | $30K | 25x | as long as short |
| Kraken Futures PF_RUNEUSDlong | +0.0948% | 1h | 0.6373 | long leg | $167K | $319K | 20x | |
| Hyperliquid RUNE | +0.1557% | 1h | 0.6379 | +0.086% | $1.8M | $1.1M | 5x | as long as short |
BloFin RUNE-USDT
Extended RUNE-USD
dYdX RUNE-USD
Coinbase International RUNE-PERP-INTX
Hyperliquid RUNE