Funding you earn now, next payment 02:00 UTC+0.1652%/8h= +180.9% APRpaid last 24h +0.052%
Price spread now: Kraken Futures against KuCoin+0.487%7-day average +0.212% · you sell dearer than you buy
Net, funding: paid 7d − costs−$302as in the Funding arb table
Net, price: spread back to 7d avg − costs−$216as in the Price arb table
costs, in and out, $10k−$2432.431% of the position
Funding, last 7 days−0.589%−$59 on $10k
+Price spread, last 3 days (all we have)−0.193%−$19 · spread now +0.487%, 7d avg +0.212%
=Both sides work for this trade now. Funding pays +$50 a day on $10k at the current rate, and Kraken Futures is 0.275% dearer against KuCoin than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.212%. Mind the row above: over the last 7 days funding on this pair cost −0.589%, 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 -0.589% in total (about -30.7% 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 | KuCoin RUNEUSDTM | 0.6343 | 0.0100 | pay 0.0100% / 8h | 6h 35m | $896K | $300K | 50x |
| Short | Kraken Futures PF_RUNEUSD | 0.6374 | 0.1752 | get 0.0219% / 1h | 35m 44s | $183K | $279K | 20x |
KuCoin RUNEUSDTM
Kraken Futures PF_RUNEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $346.96
- Price spread: +0.487% → +0.212%
- $27.47
- Slippage, 4 orders
- −$221.1
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $131.33
- Costs to cover
- 2.431%
- Break-even
- 4.4 days
Slippage from KuCoin: live order book, 14 min ago; Kraken Futures: live order book, 32 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, 14 min ago | 5.35 bp | 101.7 bp −$102 | 445.7 bp −$4,457 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 32 min ago | 12.85 bp | 23.2 bp −$23 | 499.9 bp −$4,999 | 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 | 0.6350 | +0.110% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −2.964% | $7 | $14 | 12x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6330 | −0.205% | $5.0M | $14.5M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6329 | −0.221% | $2.9M | $2.5M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6344 | +0.016% | $638K | $363K | 50x | as long as short |
| MEXC RUNE_USDT | +0.0100% | 8h | 0.6338 | −0.079% | $3.7M | $3.2M | 125x | as long as short |
| KuCoin RUNEUSDTMlong | +0.0100% | 8h | 0.6343 | long leg | $896K | $300K | 50x | |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6342 | −0.016% | $1.6M | $738K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6344 | +0.016% | — | $59.0M | — | as long as short |
| Variational Omni RUNE | +0.0100% | 8h | 0.6350 | +0.103% | $187K | $69K | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
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 | 0.6338 | −0.072% | $4K | $162K | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0104% | 1h | 0.6368 | +0.394% | $38K | $31K | 25x | as long as short |
| BloFin RUNE-USDT | +0.0127% | 8h | 0.6537 | +3.058% | $478K | $193K | 75x | as long as short |
| dYdX RUNE-USD | +0.0539% | 1h | 0.6343 | −0.002% | $54K | $5K | 5x | as long as short |
| Hyperliquid RUNE | +0.0673% | 1h | 0.6345 | +0.030% | $1.7M | $1.0M | 5x | as long as short |
| Kraken Futures PF_RUNEUSDshort | +0.1752% | 1h | 0.6374 | +0.487% | $183K | $279K | 20x |
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
BloFin RUNE-USDT
dYdX RUNE-USD
Hyperliquid RUNE