Funding you earn now, next payment 06:00 UTC+0.0716%/8h= +78.4% APRnext payment +$0.89 per $10,000 · paid last 24h +0.119%
Price spread now: Kraken Futures against Extended+0.001%7-day average +0.210% · you sell dearer than you buy
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1061.060% of the position
Funding, last 7 days−0.472%−$47 on $10k
+Price spread, last 4 days (all we have)+0.258%+$26 · spread now +0.001%, 7d avg +0.210%
=Together, before fees−0.214%+ Points / potential airdropExtended: Active · farm board−$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.209% cheaper against Extended than usual: you would sell low and buy high (spread +0.001% now, against its 7-day average of +0.210%). If the spread goes back, that is −$21 on $10k: about 23 hours of funding at the current rate (+$21 a day). Mind the row above: over the last 7 days funding on this pair cost −0.472%, 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 -0.472% in total (about -24.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.89 per $10,000. 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 | Extended RUNE-USD | 0.6350 | 0.0104 | pay 0.0013% / 1h | 6m 53s | $4K | $158K | 10x |
| Short | Kraken Futures PF_RUNEUSD | 0.6350 | 0.0820 | get 0.0102% / 1h | 6m 53s | $156K | $308K | 20x |
Extended RUNE-USD
Kraken Futures PF_RUNEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- $150.33
- Price spread: +0.001% → +0.210%
- −$20.9
- Slippage, 4 orders
- −$90.96
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $23.47
- Costs to cover
- 1.060%
- Break-even
- 5.9 days
Slippage from Extended: live order book, 39 min ago; Kraken Futures: live order book, 41 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 Extended live order book, 39 min ago | 5.24 bp | 25.6 bp −$26 | 211.1 bp −$2,111 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 41 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.074% | $7 | $14 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0100% | 8h | 0.6354 | +0.060% | $430K | $210K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6352 | +0.028% | $4.9M | $16.2M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6358 | +0.122% | $2.9M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6357 | +0.107% | $629K | $368K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6351 | +0.012% | $3.5M | $3.6M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6354 | +0.060% | $979K | $364K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6366 | +0.248% | $1.5M | $787K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6354 | +0.060% | — | $58.7M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6345 | −0.084% | $182K | $71K | — | as long as short |
Injective RUNE/USDC PERP
BloFin RUNE-USDT
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-USDlong | +0.0104% | 1h | 0.6350 | long leg | $4K | $158K | 10x | |
| Deribit RUNE_USDC-PERPETUAL | +0.0380% | 1h | 0.6358 | +0.122% | — | — | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0624% | 1h | 0.6362 | +0.185% | $37K | $30K | 25x | as long as short |
| dYdX RUNE-USD | +0.0762% | 1h | 0.6331 | −0.296% | $27K | $32K | 5x | as long as short |
| Kraken Futures PF_RUNEUSDshort | +0.0820% | 1h | 0.6350 | +0.001% | $156K | $308K | 20x | |
| Hyperliquid RUNE | +0.1469% | 1h | 0.6358 | +0.126% | $1.8M | $1.2M | 5x | as long as short |
Deribit RUNE_USDC-PERPETUAL
Coinbase International RUNE-PERP-INTX
dYdX RUNE-USD
Hyperliquid RUNE