Funding you earn now, next payment 08:00 UTC−0.0028%/8h= −3.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against KuCoin−0.063%50s7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$179as 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−$1721.722% of the position
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.063%, 7d avg +0.056%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.119% cheaper against KuCoin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.056%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RUNEUSDTM | 0.6337 | 0.0100 | pay 0.0100% / 8h | 3h 06m | $977K | $361K | 50x |
| Short | BloFin RUNE-USDT | 0.6333 | 0.0072 | get 0.0072% / 8h | 3h 06m | $434K | $201K | 75x |
KuCoin RUNEUSDTM
BloFin RUNE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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
- −$5.87
- Price spread: −0.063% → +0.056%
- −$11.87
- Slippage, 4 orders
- −$148.16
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$189.9
- Costs to cover
- 1.722%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 28 min ago; BloFin: live order book, 16 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 KuCoin live order book, 28 min ago | 6.30 bp | 95.7 bp −$96 | 239.3 bp −$2,393 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 16 min ago | 2.37 bp | 12.2 bp −$12 | 39.6 bp −$396 | 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 | −2.872% | $7 | $14 | 12x | as long as short |
| BloFin RUNE-USDTshort | +0.0072% | 8h | 0.6333 | −0.063% | $434K | $201K | 75x | |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6337 | 0.000% | $4.8M | $15.9M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6338 | +0.016% | $2.8M | $2.8M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6339 | +0.032% | $628K | $370K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6334 | −0.047% | $3.6M | $3.6M | 125x | as long as short |
| KuCoin RUNEUSDTMlong | +0.0100% | 8h | 0.6337 | long leg | $977K | $361K | 50x | |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6341 | +0.063% | $1.5M | $774K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6335 | −0.032% | — | $58.9M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6319 | −0.287% | $186K | $67K | — | as long as short |
Injective RUNE/USDC PERP
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
MEXC RUNE_USDT
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 | 0.6336 | −0.012% | $4K | $150K | 10x | as long as short |
| Deribit RUNE_USDC-PERPETUAL | +0.0223% | 1h | 0.6339 | +0.032% | — | — | 10x | as long as short |
| dYdX RUNE-USD | +0.0322% | 1h | 0.6332 | −0.081% | $27K | $32K | 5x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0680% | 1h | 0.6395 | +0.915% | $38K | $30K | 25x | as long as short |
| Kraken Futures PF_RUNEUSD | +0.0953% | 1h | 0.6340 | +0.055% | $164K | $312K | 20x | as long as short |
| Hyperliquid RUNE | +0.1621% | 1h | 0.6347 | +0.161% | $1.8M | $1.1M | 5x | as long as short |
Extended RUNE-USD
Deribit RUNE_USDC-PERPETUAL
dYdX RUNE-USD
Coinbase International RUNE-PERP-INTX
Kraken Futures PF_RUNEUSD
Hyperliquid RUNE