Funding you earn now, next payment 03:00 UTC−0.1972%/8h= −216.0% APRpaid last 24h −0.074%
Price spread now: MEXC against Kraken Futures−0.190%51s7-day average −0.175% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as 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−$1551.549% of the position
Funding, last 7 days+0.499%+$50 on $10k
+Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.190%, 7d avg −0.175%
=The price spread sits at its 7-day average of −0.175%, so right now this pair is about funding alone: −$59 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.499%, so the current rate has only just turned against you. The two prices were read 51 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 0.499% in total (about 26.0% 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 | 0.6314 | 0.2072 | pay 0.0259% / 1h | 51m 26s | $182K | $282K | 20x |
| Short | MEXC RUNE_USDT | 0.6302 | 0.0100 | get 0.0100% / 8h | 5h 51m | $3.7M | $3.5M | 125x |
Kraken Futures PF_RUNEUSD
MEXC RUNE_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$414.21
- Price spread: −0.190% → −0.175%
- −$1.54
- Slippage, 4 orders
- −$140.92
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$570.67
- Costs to cover
- 1.549%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 11 min ago; MEXC: live order book, 1 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, 11 min ago | 46.63 bp | 80.0 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 2.38 bp | 9.3 bp −$9 | 30.0 bp −$300 | 105.4 bp −$10.5K | 233.9 bp −$116.9K |
RUNE on 15 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 | −2.518% | $7 | $14 | 12x | as long as short |
| Deribit RUNE_USDC-PERPETUAL | +0.0067% | 1h | 0.6305 | −0.142% | — | — | 10x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6304 | −0.154% | $4.8M | $15.1M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6298 | −0.253% | $2.8M | $2.7M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6302 | −0.190% | $626K | $363K | 50x | as long as short |
| MEXC RUNE_USDTshort | +0.0100% | 8h | 0.6302 | −0.190% | $3.7M | $3.5M | 125x | |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6293 | −0.333% | $897K | $322K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6313 | −0.016% | $1.5M | $757K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6304 | −0.158% | — | $59.0M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6319 | +0.086% | $185K | $67K | — | as long as short |
Injective RUNE/USDC PERP
Deribit RUNE_USDC-PERPETUAL
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDT
Variational Omni RUNEShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended RUNE-USD | +0.0104% | 1h | 0.6301 | −0.203% | $4K | $164K | 10x | as long as short |
| dYdX RUNE-USD | +0.0210% | 1h | 0.6281 | −0.524% | $27K | $32K | 5x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0504% | 1h | 0.6326 | +0.190% | $37K | $31K | 25x | as long as short |
| Hyperliquid RUNE | +0.1351% | 1h | 0.6321 | +0.103% | $1.7M | $1.1M | 5x | as long as short |
| Kraken Futures PF_RUNEUSDlong | +0.2072% | 1h | 0.6314 | long leg | $182K | $282K | 20x |
Extended RUNE-USD
dYdX RUNE-USD
Coinbase International RUNE-PERP-INTX
Hyperliquid RUNE