Funding you earn now, next payment 08:00 UTC+0.0027%/8h= +2.9% APRnext payment +$0.27 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Binance+2.764%451s7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as 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−$710.706% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 3 days (all we have)−2.836%−$284 · spread now +2.764%, 7d avg +0.035%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 2.730% dearer against Binance than usual: you sell high and buy low: +$273 more if the spread goes back to its 7-day average of +0.035%. The two prices were read 451 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance RUNEUSDT | 0.6361 | 0.0100 | pay 0.0100% / 8h | 6h 41m | $5.0M | $14.4M | 75x |
| Short | BloFin RUNE-USDT | 0.6537 | 0.0127 | get 0.0127% / 8h | 6h 41m | $478K | $193K | 75x |
Binance RUNEUSDT
BloFin RUNE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $5.61
- Price spread: +2.764% → +0.035%
- $272.99
- Slippage, 4 orders
- −$48.55
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $208.04
- Costs to cover
- 0.706%
- Break-even
- from the start
Slippage from Binance: live order book, 14 min ago; BloFin: live order book, 24 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 Binance live order book, 14 min ago | 1.53 bp | 19.8 bp −$20 | 67.9 bp −$679 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 24 min ago | 3.80 bp | 19.4 bp −$19 | 43.0 bp −$430 | 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 | 0.6363 | +0.029% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.241% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDTlong | +0.0100% | 8h | 0.6361 | long leg | $5.0M | $14.4M | 75x | |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6367 | +0.092% | $2.9M | $2.5M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6374 | +0.202% | $642K | $359K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6360 | −0.018% | $3.7M | $3.1M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6368 | +0.108% | $901K | $290K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6371 | +0.155% | $1.6M | $726K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6380 | +0.296% | — | $59.0M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6415 | +0.839% | $156K | $37K | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Bybit 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 | |
|---|---|---|---|---|---|---|---|---|
| Extended RUNE-USD | +0.0104% | 1h | 0.6360 | −0.023% | $4K | $165K | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0104% | 1h | 0.6566 | +3.220% | $39K | $32K | 25x | as long as short |
| BloFin RUNE-USDTshort | +0.0127% | 8h | 0.6537 | +2.764% | $478K | $193K | 75x | |
| dYdX RUNE-USD | +0.0713% | 1h | 0.6364 | +0.052% | $54K | $5K | 5x | as long as short |
| Hyperliquid RUNE | +0.0818% | 1h | 0.6371 | +0.149% | $1.7M | $1.0M | 5x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.1754% | 1h | 0.6366 | +0.082% | $183K | $274K | 20x | as long as short |
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
dYdX RUNE-USD
Hyperliquid RUNE
Kraken Futures PF_RUNEUSD