Funding you earn now, next payment 23:00 UTC+0.2036%/8h= +223.0% APRpaid last 24h 0.000%
Price spread now: Kraken Futures against BingX+0.503%7-day average +0.150% · you sell dearer than you buy
Net, funding: paid 7d − costs−$173as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$1071.074% of the position
Funding, last 7 days−0.652%−$65 on $10k
+Price spread, last 3 days (all we have)−0.221%−$22 · spread now +0.503%, 7d avg +0.150%
=Both sides work for this trade now. Funding pays +$61 a day on $10k at the current rate, and Kraken Futures is 0.353% dearer against BingX than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of +0.150%. Mind the row above: over the last 7 days funding on this pair cost −0.652%, 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 -0.652% in total (about -34.0% 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 | BingX RUNE-USDT | 0.6382 | 0.0100 | pay 0.0100% / 8h | 1h 05m | — | $59.2M | — |
| Short | Kraken Futures PF_RUNEUSD | 0.6414 | 0.2136 | get 0.0267% / 1h | 5m 37s | $189K | $228K | 20x |
BingX RUNE-USDT
Kraken Futures PF_RUNEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $427.6
- Price spread: +0.503% → +0.150%
- $35.26
- Slippage, 4 orders
- −$87.45
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $355.41
- Costs to cover
- 1.074%
- Break-even
- 1.2 days
Slippage from BingX: live order book, 13 min ago; Kraken Futures: live order book, 12 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 BingX live order book, 13 min ago | 5.47 bp | 20.5 bp −$20 | 49.0 bp −$490 | 346.2 bp −$34.6K | 509.2 bp −$254.6K |
| Sell Kraken Futures live order book, 12 min ago | 11.67 bp | 25.9 bp −$26 | 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 | −0.0530% | 1h | 0.6408 | +0.407% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.557% | $7 | $24 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0072% | 8h | 0.6411 | +0.454% | $449K | $157K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6382 | −0.001% | $4.8M | $10.5M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6379 | −0.047% | $2.7M | $1.6M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6388 | +0.094% | $659K | $305K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6381 | −0.016% | $3.4M | $1.7M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6389 | +0.110% | $900K | $204K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6390 | +0.125% | $1.6M | $516K | 50x | as long as short |
| BingX RUNE-USDTlong | +0.0100% | 8h | 0.6382 | long leg | — | $59.2M | — |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
BloFin RUNE-USDT
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RUNE | +0.0100% | 8h | 0.6390 | +0.128% | $126K | $9K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6381 | −0.021% | $4K | $170K | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0112% | 1h | 0.6432 | +0.783% | $37K | $18K | 25x | as long as short |
| Hyperliquid RUNE | +0.0768% | 1h | 0.6398 | +0.255% | $1.7M | $877K | 5x | as long as short |
| dYdX RUNE-USD | +0.1346% | 1h | 0.6400 | +0.278% | $55K | $4K | 5x | as long as short |
| Kraken Futures PF_RUNEUSDshort | +0.2136% | 1h | 0.6414 | +0.503% | $189K | $228K | 20x |
Variational Omni RUNE
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
Hyperliquid RUNE
dYdX RUNE-USD