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Funding arb · Price arb /

ETC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC−0.0327%/8h= −35.9% APRpaid last 24h −0.050%
Price spread now: Kraken Futures against Binance−0.139%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$74as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$700.697% of the position
Long on BinanceShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days−0.045%−$5 on $10k
Price spread, last 4 days (all we have)−0.255%−$25 · spread now −0.139%, 7d avg +0.008%
Together, before fees−0.300%−$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Kraken Futures is 0.147% cheaper against Binance than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.008%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.4% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ETCUSDT8.76460.0100pay 0.0100% / 8h4h 50m$26.3M$68.5M75x
ShortKraken Futures PF_ETCUSD8.7524−0.0227pay 0.0028% / 1h50m 52s$1.9M$685K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$68.77
Price spread: −0.139% → +0.008%
−$14.67
Slippage, 4 orders
−$49.71
Fee Binance: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$153.15
Costs to cover
0.697%
Break-even
never at this rate
Slippage from Binance: live order book, 7 min ago; Kraken Futures: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 7 min ago1.14 bp9.3 bp −$919.9 bp −$19988.8 bp −$8,884doesn't fit
Sell Kraken Futures live order book, 3 min ago2.85 bp25.6 bp −$2660.4 bp −$604doesn't fitdoesn't fit

ETC on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ETCUSDshort−0.0227%1h8.7524−0.139%$1.9M$685K50x
dYdX ETC-USD0.0000%1h8.7610−0.041%$9K$7110xas long as short
Deribit ETC_USDC-PERPETUAL0.0000%1h8.7559−0.099%$496—50xas long as short
gTrade (Gains Network) ETC/USDL +0.0006% / S −0.0006%1h8.7631−0.017%——150xas long as short
Injective ETC/USDC PERP+0.0033%1h8.8750+1.260%$34$102K5.5xas long as short
Hyperliquid ETC+0.0100%1h8.7642−0.004%$2.5M$592K5xas long as short
Aster ETCUSDT+0.0100%8h8.7630−0.018%$981K$11K10xas long as short
Binance ETCUSDTlong+0.0100%8h8.7646long leg$26.3M$68.5M75x
Bybit ETCUSDT+0.0100%8h8.7630−0.018%$12.7M$7.8M75xas long as short
OKX ETC-USDT-SWAP+0.0100%8h8.7640−0.007%$8.5M$17.0M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ETC_USDT+0.0100%8h8.7630−0.018%$3.6M$2.5M60xas long as short
MEXC ETC_USDT+0.0100%8h8.7610−0.041%$7.2M$32.8M200xas long as short
KuCoin ETCUSDTM+0.0100%8h8.7640−0.007%$2.9M$639K50xas long as short
Bitget ETCUSDT+0.0100%8h8.7610−0.041%$9.7M$3.6M75xas long as short
BingX ETC-USDT+0.0100%8h8.7630−0.018%—$20.7M—as long as short
Variational Omni ETC+0.0100%8h8.7505−0.161%$123K$3K—as long as short
SoDEX ETC-USD+0.0100%1h8.7550−0.109%$189$5K5xas long as short
HTX ETC-USDT+0.0100%8h8.7548−0.111%$118K$292K75xas long as short
Phemex ETCUSDT+0.0100%8h8.7560−0.098%$2.0M$2.7M50xas long as short
Extended ETC-USD+0.0104%1h8.7656+0.012%$15K$92K25xas long as short
BloFin ETC-USDT+0.0220%8h8.7570−0.086%$1.4M$245K50xas long as short
Coinbase International ETC-PERP-INTX+0.0800%1h8.8490+0.963%$35K$20K50xas long as short