Funding you earn now, next payment 06:00 UTC+0.0720%/8h= +78.8% APRpaid last 24h +0.121%
Price spread now: Kraken Futures against BloFin−0.209%57s7-day average +0.151% · you buy dearer than you sell
Net, funding: paid 7d − costs−$133as 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−$880.884% of the position
Funding, last 7 days−0.447%−$45 on $10k
+Price spread, last 4 days (all we have)+0.546%+$55 · spread now −0.209%, 7d avg +0.151%
=Funding pays, the price is against you. Kraken Futures is 0.360% cheaper against BloFin than usual: you would sell low and buy high (spread −0.209% now, against its 7-day average of +0.151%). If the spread goes back, that is −$36 on $10k: about 40 hours of funding at the current rate (+$22 a day). Mind the row above: over the last 7 days funding on this pair cost −0.447%, so the current rate has only just turned in your favour. The two prices were read 57 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 -0.447% in total (about -23.3% 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 | BloFin RUNE-USDT | 0.6315 | 0.0107 | pay 0.0107% / 8h | 2h 46m | $434K | $211K | 75x |
| Short | Kraken Futures PF_RUNEUSD | 0.6302 | 0.0826 | get 0.0103% / 1h | 46m 03s | $162K | $313K | 20x |
BloFin RUNE-USDT
Kraken Futures PF_RUNEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BloFin. 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
- $151.11
- Price spread: −0.209% → +0.151%
- −$35.97
- Slippage, 4 orders
- −$66.41
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $26.73
- Costs to cover
- 0.884%
- Break-even
- 5.8 days
Slippage from BloFin: live order book, 36 min ago; Kraken Futures: live order book, 2 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 BloFin live order book, 36 min ago | 2.37 bp | 20.5 bp −$21 | 43.4 bp −$434 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 12.66 bp | 25.2 bp −$25 | 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 | −0.0226% | 1h | 0.6302 | −0.206% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −2.534% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6296 | −0.301% | $4.8M | $16.0M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6304 | −0.174% | $2.8M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6312 | −0.048% | $625K | $365K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6300 | −0.238% | $3.5M | $3.6M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6310 | −0.079% | $973K | $363K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6312 | −0.048% | $1.5M | $777K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6309 | −0.095% | — | $58.9M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6303 | −0.192% | $185K | $67K | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
Binance RUNEUSDT
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 | 0.6301 | −0.220% | $4K | $154K | 10x | as long as short |
| BloFin RUNE-USDTlong | +0.0107% | 8h | 0.6315 | long leg | $434K | $211K | 75x | |
| Coinbase International RUNE-PERP-INTX | +0.0624% | 1h | 0.6395 | +1.267% | $38K | $30K | 25x | as long as short |
| Kraken Futures PF_RUNEUSDshort | +0.0826% | 1h | 0.6302 | −0.209% | $162K | $313K | 20x | |
| dYdX RUNE-USD | +0.0846% | 1h | 0.6316 | +0.023% | $27K | $32K | 5x | as long as short |
| Hyperliquid RUNE | +0.1575% | 1h | 0.6309 | −0.100% | $1.8M | $1.1M | 5x | as long as short |
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
dYdX RUNE-USD
Hyperliquid RUNE