Funding you earn now, next payment 11:00 UTC−0.0596%/8h= −65.2% APRnext payment −$0.74 per $10,000 · paid last 24h +0.083%
Price spread now: Kraken Futures against Coinbase International−1.261%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Kraken Futures is 1.261% cheaper against Coinbase International than usual: you would sell low and buy high (−$126 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International RUNE-PERP-INTX | 0.6509 | 0.0960 | pay 0.0120% / 1h | 46m 36s | $37K | $28K | 25x |
| Short | Kraken Futures PF_RUNEUSD | 0.6427 | 0.0364 | get 0.0046% / 1h | 46m 36s | $155K | $279K | 20x |
Coinbase International RUNE-PERP-INTX
Kraken Futures PF_RUNEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Coinbase International. 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
- −$125.07
- Price spread: −1.261% → 0.000%
- −$126.09
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$271.16
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Kraken Futures: live order book, 59 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 59 min ago | 6.96 bp | 22.2 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −5.439% | $7 | $14 | 12x | as long as short |
| Deribit RUNE_USDC-PERPETUAL | +0.0061% | 1h | 0.6425 | −1.291% | — | — | 10x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6424 | −1.307% | $5.2M | $16.7M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6424 | −1.306% | $3.0M | $3.0M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6428 | −1.244% | $646K | $409K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6423 | −1.321% | $3.6M | $3.8M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6423 | −1.321% | $980K | $398K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6435 | −1.137% | $1.6M | $801K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6429 | −1.229% | — | $11.7M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6416 | −1.424% | $185K | $72K | — | as long as short |
Injective RUNE/USDC PERP
Deribit RUNE_USDC-PERPETUAL
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDT
Variational Omni RUNEShow all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin RUNE-USDT | +0.0102% | 8h | 0.6424 | −1.306% | $336K | $228K | 75x | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6422 | −1.341% | $28K | $228K | 10x | as long as short |
| Kraken Futures PF_RUNEUSDshort | +0.0364% | 1h | 0.6427 | −1.261% | $155K | $279K | 20x | |
| Hyperliquid RUNE | +0.0452% | 1h | 0.6429 | −1.226% | $2.0M | $1.1M | 5x | as long as short |
| Coinbase International RUNE-PERP-INTXlong | +0.0960% | 1h | 0.6509 | long leg | $37K | $28K | 25x | |
| dYdX RUNE-USD | +0.1710% | 1h | 0.6414 | −1.453% | $27K | $32K | 5x | as long as short |
BloFin RUNE-USDT
Extended RUNE-USD
Hyperliquid RUNE
dYdX RUNE-USD