Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Binance+0.124%52s7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as 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−$540.540% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 4 days (all we have)−1.150%−$115 · spread now +0.124%, 7d avg −0.013%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.137% dearer against Binance than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.013%. The two prices were read 52 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 | 8.8370 | 0.0100 | pay 0.0100% / 8h | 5h 15m | $26.4M | $67.9M | 75x |
| Short | Phemex ETCUSDT | 8.8480 | 0.0100 | get 0.0100% / 8h | 5h 15m | $2.0M | $2.7M | 50x |
Binance ETCUSDT
Phemex ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.124% → −0.013%
- $13.74
- Slippage, 4 orders
- −$31.98
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$40.24
- Costs to cover
- 0.540%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Phemex: live order book, 3 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, 12 min ago | 0.57 bp | 10.1 bp −$10 | 18.8 bp −$188 | 88.4 bp −$8,838 | doesn't fit |
| Sell Phemex live order book, 3 min ago | 4.52 bp | 14.7 bp −$15 | 60.2 bp −$602 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ETCUSD | −0.0010% | 1h | 8.8386 | +0.018% | $1.9M | $689K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8445 | +0.085% | $9K | $71 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8388 | +0.020% | $501 | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8414 | +0.050% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.430% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8473 | +0.117% | $2.5M | $591K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8367 | −0.004% | $989K | $11K | 10x | as long as short |
| Binance ETCUSDTlong | +0.0100% | 8h | 8.8370 | long leg | $26.4M | $67.9M | 75x | |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8320 | −0.057% | $12.9M | $7.7M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8360 | −0.011% | $8.6M | $17.0M | 50x | as long as short |
Kraken Futures PF_ETCUSD
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
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 | 8.8430 | +0.068% | $3.6M | $2.6M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8370 | 0.000% | $7.5M | $32.7M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8450 | +0.091% | $2.9M | $643K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8405 | +0.040% | $9.7M | $3.6M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.8390 | +0.023% | — | $20.7M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8453 | +0.094% | $124K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8380 | +0.011% | $178 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8515 | +0.164% | $120K | $291K | 75x | as long as short |
| Phemex ETCUSDTshort | +0.0100% | 8h | 8.8480 | +0.124% | $2.0M | $2.7M | 50x | |
| Extended ETC-USD | +0.0104% | 1h | 8.8357 | −0.015% | $15K | $96K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.8530 | +0.181% | $1.4M | $238K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.1048% | 1h | 8.8250 | −0.136% | $35K | $20K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Extended ETC-USD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX