Funding you earn now, next payment 11:00 UTC−0.0427%/8h= −46.8% APRpaid last 24h −0.197%
Price spread now: Variational Omni against Kraken Futures−0.282%7-day average −0.222% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.282%, 7d avg −0.222%
=Together, before fees+0.072%+ Points / potential airdropVariational Omni: Active · farm board+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Variational Omni is 0.060% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.222%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.016% in total (about -1.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_RUNEUSD | 0.6490 | 0.0527 | pay 0.0066% / 1h | 47m 29s | $157K | $312K | 20x |
| Short | Variational Omni RUNE | 0.6472 | 0.0100 | get 0.0100% / 8h | 5h 47m | $187K | $72K | — |
Kraken Futures PF_RUNEUSD
Variational Omni RUNEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$89.73
- Price spread: −0.282% → −0.222%
- −$5.99
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$105.71
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: live order book, 63 min ago; Variational Omni: RFQ quote, 64 min ago. Net counts fees only.
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, 63 min ago | 13.13 bp | 65.3 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 64 min ago | 6.97 bp | doesn't fit | 72.0 bp −$720 | doesn't fit | doesn't fit |
RUNE on 16 exchanges
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 | −5.164% | $7 | $14 | 12x | as long as short |
| Deribit RUNE_USDC-PERPETUAL | +0.0058% | 1h | 0.6488 | −0.033% | — | — | 10x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6481 | −0.141% | $5.3M | $16.9M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6485 | −0.080% | $3.0M | $3.0M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6491 | +0.013% | $684K | $382K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6481 | −0.141% | $3.9M | $3.7M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6480 | −0.157% | $1.0M | $367K | 50x | as long as short |
| Variational Omni RUNEshort | +0.0100% | 8h | 0.6472 | −0.282% | $187K | $72K | — | |
| Extended RUNE-USD | +0.0104% | 1h | 0.6485 | −0.083% | $5K | $206K | 10x | as long as short |
| BloFin RUNE-USDT | +0.0129% | 8h | 0.6490 | −0.002% | $338K | $230K | 75x | as long as short |
Injective RUNE/USDC PERP
Deribit RUNE_USDC-PERPETUAL
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Extended RUNE-USD
BloFin RUNE-USDTShow all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RUNE-USDT | +0.0138% | 8h | 0.6490 | −0.002% | — | $11.6M | — | as long as short |
| Bitget RUNEUSDT | +0.0139% | 8h | 0.6495 | +0.075% | $1.6M | $805K | 50x | as long as short |
| Kraken Futures PF_RUNEUSDlong | +0.0527% | 1h | 0.6490 | long leg | $157K | $312K | 20x | |
| Hyperliquid RUNE | +0.0988% | 1h | 0.6488 | −0.030% | $2.0M | $1.3M | 5x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.1000% | 1h | 0.6509 | +0.290% | $37K | $28K | 25x | as long as short |
| dYdX RUNE-USD | +0.1423% | 1h | 0.6477 | −0.195% | $28K | $32K | 5x | as long as short |
BingX RUNE-USDT
Bitget RUNEUSDT
Hyperliquid RUNE
Coinbase International RUNE-PERP-INTX
dYdX RUNE-USD