Funding you earn now, next payment 23:00 UTC+0.2027%/8h= +222.0% APRpaid last 24h 0.000%
Price spread now: Kraken Futures against Binance+0.228%7-day average +0.182% · you sell dearer than you buy
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1431.435% of the position
Funding, last 7 days−0.577%−$58 on $10k
+Price spread, last 3 days (all we have)+0.095%+$10 · spread now +0.228%, 7d avg +0.182%
=Both sides work for this trade now. Funding pays +$61 a day on $10k at the current rate, and Kraken Futures is 0.046% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.182%. Mind the row above: over the last 7 days funding on this pair cost −0.577%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.577% in total (about -30.1% 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 | Binance RUNEUSDT | 0.6426 | 0.0100 | pay 0.0100% / 8h | 1h 48m | $4.8M | $10.2M | 75x |
| Short | Kraken Futures PF_RUNEUSD | 0.6440 | 0.2127 | get 0.0266% / 1h | 48m 13s | $178K | $214K | 20x |
Binance RUNEUSDT
Kraken Futures PF_RUNEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $425.76
- Price spread: +0.228% → +0.182%
- $4.58
- Slippage, 4 orders
- −$123.49
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $286.85
- Costs to cover
- 1.435%
- Break-even
- 2.3 days
Slippage from Binance: live order book, 6 min ago; Kraken Futures: live order book, 34 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, 6 min ago | 0.78 bp | 23.8 bp −$24 | 78.7 bp −$787 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 34 min ago | 35.81 bp | 51.4 bp −$51 | doesn't fit | 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 | −0.1459% | 1h | 0.6426 | +0.003% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −4.214% | $7 | $24 | 12x | as long as short |
| Binance RUNEUSDTlong | +0.0100% | 8h | 0.6426 | long leg | $4.8M | $10.2M | 75x | |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6425 | −0.012% | $2.8M | $1.6M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6423 | −0.043% | $661K | $295K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6424 | −0.028% | $3.4M | $1.6M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6423 | −0.043% | $905K | $196K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6430 | +0.065% | $1.6M | $487K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6426 | +0.003% | — | $59.1M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6424 | −0.021% | $127K | $9K | — | 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 | 0.6424 | −0.029% | $4K | $170K | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0112% | 1h | 0.6455 | +0.455% | $38K | $16K | 25x | as long as short |
| BloFin RUNE-USDT | +0.0130% | 8h | 0.6423 | −0.043% | $446K | $156K | 75x | as long as short |
| Hyperliquid RUNE | +0.0544% | 1h | 0.6437 | +0.181% | $1.7M | $864K | 5x | as long as short |
| dYdX RUNE-USD | +0.1325% | 1h | 0.6415 | −0.161% | $55K | $4K | 5x | as long as short |
| Kraken Futures PF_RUNEUSDshort | +0.2127% | 1h | 0.6440 | +0.228% | $178K | $214K | 20x |
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
BloFin RUNE-USDT
Hyperliquid RUNE
dYdX RUNE-USD