Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.031%
Price spread now: Deribit against Binance−0.073%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.073% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ETCUSDT | 8.9600 | 0.0100 | pay 0.0100% / 8h | 1h 40m | $26.8M | $67.7M | 75x |
| Short | Deribit ETC_USDC-PERPETUAL | 8.9535 | 0 | get 0.0000% / 1h | 40m 30s | $507 | $978 | 50x |
Binance ETCUSDT
Deribit ETC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$21
- Price spread: −0.073% → 0.000%
- −$7.25
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$45.25
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 2 min ago; Deribit: no order-book sample. Net counts fees only.
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, 2 min ago | 0.56 bp | 9.5 bp −$9 | 24.0 bp −$240 | 83.8 bp −$8,382 | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ETCUSD | −0.0213% | 1h | 8.9571 | −0.032% | $2.0M | $674K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.9601 | +0.002% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUALshort | 0.0000% | 1h | 8.9535 | −0.073% | $507 | $978 | 50x | |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.9543 | −0.064% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.7920 | −1.875% | $33 | $77K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.9687 | +0.097% | $2.3M | $429K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.9598 | −0.003% | $1.0M | $11K | 10x | as long as short |
| Binance ETCUSDTlong | +0.0100% | 8h | 8.9600 | long leg | $26.8M | $67.7M | 75x | |
| Bybit ETCUSDT | +0.0100% | 8h | 8.9500 | −0.112% | $13.2M | $7.3M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.9550 | −0.056% | $8.9M | $16.6M | 50x | as long as short |
Kraken Futures PF_ETCUSD
dYdX ETC-USD
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
Hyperliquid ETC
Aster ETCUSDT
Bybit ETCUSDT
OKX ETC-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ETC_USDT | +0.0100% | 8h | 8.9590 | −0.011% | $3.6M | $2.4M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.9560 | −0.045% | $7.6M | $32.1M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.9620 | +0.022% | $2.9M | $727K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.9587 | −0.015% | $9.9M | $3.8M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.9590 | −0.011% | — | $717K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8612 | −1.103% | $125K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.9530 | −0.078% | $124 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.9571 | −0.032% | $135K | $268K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.9560 | −0.045% | $2.0M | $2.6M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.9602 | +0.002% | $12K | $191K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.9590 | −0.011% | $1.4M | $220K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0536% | 1h | 8.9680 | +0.089% | $36K | $13K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDC
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX