Funding you earn now, next payment 05:00 UTC−0.0850%/8h= −93.1% APRpaid last 24h −0.114%
Price spread now: KuCoin against Kraken Futures−0.027%7-day average −0.209% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1691.689% of the position
Funding, last 7 days+0.535%+$53 on $10k
+Price spread, last 4 days (all we have)−0.403%−$40 · spread now −0.027%, 7d avg −0.209%
=The price spread pays, funding is against you. KuCoin is 0.183% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.209%): +$18 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 17 hours. Mind the row above: over the last 7 days funding on this pair paid +0.535%, 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 0.535% in total (about 27.9% 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 | 0.6359 | 0.0950 | pay 0.0119% / 1h | 39m 46s | $167K | $319K | 20x |
| Short | KuCoin RUNEUSDTM | 0.6357 | 0.0100 | get 0.0100% / 8h | 3h 39m | $993K | $358K | 50x |
Kraken Futures PF_RUNEUSD
KuCoin RUNEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$178.51
- Price spread: −0.027% → −0.209%
- $18.27
- Slippage, 4 orders
- −$146.87
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$329.11
- Costs to cover
- 1.689%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 13 min ago; KuCoin: live order book, 60 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, 13 min ago | 13.32 bp | 24.8 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 60 min ago | 4.74 bp | 45.5 bp −$45 | 208.1 bp −$2,081 | 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 | 0.6354 | −0.074% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.203% | $7 | $14 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0087% | 8h | 0.6358 | −0.011% | $441K | $194K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6348 | −0.168% | $4.8M | $15.8M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6349 | −0.152% | $2.9M | $2.8M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6356 | −0.042% | $629K | $369K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6343 | −0.247% | $3.5M | $3.5M | 125x | as long as short |
| KuCoin RUNEUSDTMshort | +0.0100% | 8h | 0.6357 | −0.027% | $993K | $358K | 50x | |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6355 | −0.058% | $1.5M | $773K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6352 | −0.105% | — | $58.9M | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
BloFin RUNE-USDT
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
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 | 0.6355 | −0.052% | $187K | $67K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6352 | −0.112% | $8K | $164K | 10x | as long as short |
| dYdX RUNE-USD | +0.0356% | 1h | 0.6356 | −0.035% | $27K | $32K | 5x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0680% | 1h | 0.6395 | +0.571% | $38K | $30K | 25x | as long as short |
| Kraken Futures PF_RUNEUSDlong | +0.0950% | 1h | 0.6359 | long leg | $167K | $319K | 20x | |
| Hyperliquid RUNE | +0.1610% | 1h | 0.6356 | −0.039% | $1.8M | $1.1M | 5x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
dYdX RUNE-USD
Coinbase International RUNE-PERP-INTX
Hyperliquid RUNE