Funding you earn now, next payment 06:00 UTC+0.0730%/8h= +79.9% APRpaid last 24h +0.120%
Price spread now: Kraken Futures against MEXC+0.084%7-day average +0.172% · you sell dearer than you buy
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$740.737% of the position
Funding, last 7 days−0.456%−$46 on $10k
+Price spread, last 4 days (all we have)+0.177%+$18 · spread now +0.084%, 7d avg +0.172%
=Funding pays, the price is against you. Kraken Futures is 0.088% cheaper against MEXC than usual: you would sell low and buy high (spread +0.084% now, against its 7-day average of +0.172%). If the spread goes back, that is −$9 on $10k: about 10 hours of funding at the current rate (+$22 a day). Mind the row above: over the last 7 days funding on this pair cost −0.456%, 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 -0.456% in total (about -23.8% 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 | MEXC RUNE_USDT | 0.6267 | 0.0100 | pay 0.0100% / 8h | 2h 25m | $3.4M | $3.6M | 125x |
| Short | Kraken Futures PF_RUNEUSD | 0.6272 | 0.0830 | get 0.0104% / 1h | 25m 48s | $158K | $304K | 20x |
MEXC RUNE_USDT
Kraken Futures PF_RUNEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against MEXC. 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
- $153.31
- Price spread: +0.084% → +0.172%
- −$8.77
- Slippage, 4 orders
- −$59.75
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $70.79
- Costs to cover
- 0.737%
- Break-even
- 3.8 days
Slippage from MEXC: live order book, 1 min ago; Kraken Futures: live order book, 22 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 MEXC live order book, 1 min ago | 2.39 bp | 8.3 bp −$8 | 20.7 bp −$207 | 101.3 bp −$10.1K | 222.2 bp −$111.1K |
| Sell Kraken Futures live order book, 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit RUNE_USDC-PERPETUAL | 0.0000% | 1h | 0.6275 | +0.128% | — | — | 10x | as long as short |
| Injective RUNE/USDC PERP | +0.0033% | 1h | 0.6155 | −1.787% | $7 | $14 | 12x | as long as short |
| BloFin RUNE-USDT | +0.0077% | 8h | 0.6270 | +0.048% | $430K | $207K | 75x | as long as short |
| Binance RUNEUSDT | +0.0100% | 8h | 0.6279 | +0.191% | $4.8M | $16.1M | 75x | as long as short |
| Bybit RUNEUSDT | +0.0100% | 8h | 0.6274 | +0.112% | $2.8M | $2.9M | 75x | as long as short |
| Gate RUNE_USDT | +0.0100% | 8h | 0.6280 | +0.207% | $622K | $367K | 50x | as long as short |
| MEXC RUNE_USDTlong | +0.0100% | 8h | 0.6267 | long leg | $3.4M | $3.6M | 125x | |
| KuCoin RUNEUSDTM | +0.0100% | 8h | 0.6274 | +0.112% | $965K | $364K | 50x | as long as short |
| Bitget RUNEUSDT | +0.0100% | 8h | 0.6280 | +0.207% | $1.5M | $782K | 50x | as long as short |
| BingX RUNE-USDT | +0.0100% | 8h | 0.6278 | +0.176% | — | $58.7M | — | as long as short |
Deribit RUNE_USDC-PERPETUAL
Injective RUNE/USDC PERP
BloFin RUNE-USDT
Binance RUNEUSDT
Bybit RUNEUSDT
Gate RUNE_USDT
KuCoin RUNEUSDTM
Bitget RUNEUSDT
BingX RUNE-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni RUNE | +0.0100% | 8h | 0.6269 | +0.031% | $184K | $67K | — | as long as short |
| Extended RUNE-USD | +0.0104% | 1h | 0.6266 | −0.012% | $6K | $153K | 10x | as long as short |
| Coinbase International RUNE-PERP-INTX | +0.0624% | 1h | 0.6395 | +2.042% | $38K | $30K | 25x | as long as short |
| Kraken Futures PF_RUNEUSDshort | +0.0830% | 1h | 0.6272 | +0.084% | $158K | $304K | 20x | |
| dYdX RUNE-USD | +0.0837% | 1h | 0.6274 | +0.120% | $27K | $32K | 5x | as long as short |
| Hyperliquid RUNE | +0.1448% | 1h | 0.6282 | +0.247% | $1.8M | $1.2M | 5x | as long as short |
Variational Omni RUNE
Extended RUNE-USD
Coinbase International RUNE-PERP-INTX
dYdX RUNE-USD
Hyperliquid RUNE