Funding you earn now, next payment 08:00 UTC−0.0665%/8h= −72.8% APRnext payment −$0.83 per $10,000 · paid last 24h −0.147%
Price spread now: Extended against Kraken Futures−0.102%7-day average −0.206% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1321.318% of the position
Funding, last 7 days+0.436%+$44 on $10k
+Price spread, last 4 days (all we have)−0.132%−$13 · spread now −0.102%, 7d avg −0.206%
=Together, before fees+0.304%+ Points / potential airdropExtended: Active · farm board+$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.104% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.102% now, against its 7-day average of −0.206%): +$10 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 13 hours. Mind the row above: over the last 7 days funding on this pair paid +0.436%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.436% in total (about 22.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.83 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 | Kraken Futures PF_RUNEUSD | 0.6380 | 0.0769 | pay 0.0096% / 1h | 35m 19s | $148K | $321K | 20x |
| Short | Extended RUNE-USD | 0.6373 | 0.0104 | get 0.0013% / 1h | 35m 19s | $4K | $206K | 10x |
Kraken Futures PF_RUNEUSD
Extended RUNE-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Kraken Futures. 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
- −$139.68
- Price spread: −0.102% → −0.206%
- $10.4
- Slippage, 4 orders
- −$116.77
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$261.05
- Costs to cover
- 1.318%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; Extended: live order book, 1 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 Kraken Futures live order book, 2 min ago | 14.87 bp | 52.7 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 1 min ago | 4.63 bp | 24.2 bp −$24 | 182.0 bp −$1,820 | 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 | 0.0000% | 1h | 0.6376 | −0.059% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −3.523% | $7 | $14 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0096% | 8h | 0.6377 | −0.043% | $439K | $209K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6375 | −0.074% | $5.0M | $16.2M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6377 | −0.043% | $2.9M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6384 | +0.066% | $664K | $389K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6374 | −0.090% | $3.9M | $3.8M | 125x | as long as short |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6382 | +0.035% | $989K | $363K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6386 | +0.098% | $1.6M | $771K | 50x | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6379 | −0.016% | $184K | $70K | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
BloFin RUNE-USDT
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
Variational Omni RUNEShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX RUNE-USDT | +0.0101% | 8h | 0.6382 | +0.035% | — | $58.7M | — | as long as short |
| Extended RUNE-USDshort | +0.0104% | 1h | 0.6373 | −0.102% | $4K | $206K | 10x | |
| dYdX RUNE-USD | +0.0195% | 1h | 0.6384 | +0.072% | $27K | $32K | 5x | as long as short |
| Kraken Futures PF_RUNEUSDlong | +0.0769% | 1h | 0.6380 | long leg | $148K | $321K | 20x | |
| Coinbase International RUNE-PERP-INTX | +0.1024% | 1h | 0.6430 | +0.787% | $37K | $29K | 25x | as long as short |
| Hyperliquid RUNE | +0.1447% | 1h | 0.6383 | +0.051% | $1.8M | $1.1M | 5x | as long as short |
BingX RUNE-USDT
dYdX RUNE-USD
Coinbase International RUNE-PERP-INTX
Hyperliquid RUNE