Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Binance−0.050%51s7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as 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−$410.411% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 3 days (all we have)−0.447%−$45 · spread now −0.050%, 7d avg +0.012%
=Funding pays, the price is against you. BloFin is 0.061% cheaper against Binance than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.012%). If the spread goes back, that is −$6 on $10k: about 41 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.119% in total) that is about 3.6 days. The two prices were read 51 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 | Binance ETCUSDT | 8.7904 | 0.0100 | pay 0.0100% / 8h | 2h 48m | $26.3M | $70.7M | 75x |
| Short | BloFin ETC-USDT | 8.7860 | 0.0220 | get 0.0220% / 8h | 2h 48m | $1.4M | $212K | 50x |
Binance ETCUSDT
BloFin ETC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $25.2
- Price spread: −0.050% → +0.012%
- −$6.15
- Slippage, 4 orders
- −$19.14
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$22.09
- Costs to cover
- 0.411%
- Break-even
- 13.1 days
Slippage from Binance: live order book, 9 min ago; BloFin: live order book, 4 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 Binance live order book, 9 min ago | 0.57 bp | 8.9 bp −$9 | 17.2 bp −$172 | 86.2 bp −$8,622 | doesn't fit |
| Sell BloFin live order book, 4 min ago | 4.56 bp | 11.6 bp −$12 | 15.5 bp −$155 | 42.8 bp −$4,277 | doesn't fit |
ETC on 22 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 ETC/USDC PERP | −0.0037% | 1h | 8.7920 | +0.019% | $33 | $77K | 5.5x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.7905 | +0.002% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.7897 | −0.007% | $498 | $978 | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.7930 | +0.030% | — | — | 150x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.7947 | +0.049% | $2.2M | $423K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.7874 | −0.033% | $983K | $11K | 10x | as long as short |
| Binance ETCUSDTlong | +0.0100% | 8h | 8.7904 | long leg | $26.3M | $70.7M | 75x | |
| Bybit ETCUSDT | +0.0100% | 8h | 8.7840 | −0.072% | $13.0M | $7.3M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7860 | −0.050% | $8.7M | $16.2M | 50x | as long as short |
| Gate ETC_USDT | +0.0100% | 8h | 8.7900 | −0.004% | $3.5M | $2.3M | 60x | as long as short |
Injective ETC/USDC PERP
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
gTrade (Gains Network) ETC/USD
Hyperliquid ETC
Aster ETCUSDT
Bybit ETCUSDT
OKX ETC-USDT-SWAP
Gate ETC_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ETC_USDT | +0.0100% | 8h | 8.7900 | −0.004% | $8.1M | $36.7M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.7860 | −0.050% | $2.8M | $746K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.7914 | +0.012% | $9.7M | $3.6M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.7860 | −0.050% | — | $710K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7735 | −0.191% | $124K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7870 | −0.038% | $143 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7887 | −0.019% | $131K | $275K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.7880 | −0.027% | $2.0M | $2.6M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.7895 | −0.010% | $4K | $181K | 25x | as long as short |
| Kraken Futures PF_ETCUSD | +0.0180% | 1h | 8.7862 | −0.048% | $1.9M | $670K | 50x | as long as short |
| BloFin ETC-USDTshort | +0.0220% | 8h | 8.7860 | −0.050% | $1.4M | $212K | 50x | |
| Coinbase International ETC-PERP-INTX | +0.0632% | 1h | 8.8200 | +0.337% | $35K | $13K | 50x | as long as short |
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDC
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
Kraken Futures PF_ETCUSD
Coinbase International ETC-PERP-INTX