Funding you earn now, next payment 08:00 UTC+0.0247%/8h= +27.0% APRnext payment +$2.47 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against BingX+0.380%96s7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as 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−$530.533% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 4 days (all we have)−0.737%−$74 · spread now +0.380%, 7d avg +0.023%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.357% dearer against BingX than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of +0.023%. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.47 per $10,000. 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 | BingX ETC-USDC | 8.6900 | 0.0100 | pay 0.0100% / 8h | 2h 41m | — | $706K | — |
| Short | BloFin ETC-USDT | 8.7230 | 0.0347 | get 0.0347% / 8h | 2h 41m | $1.4M | $280K | 50x |
BingX ETC-USDC
BloFin ETC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- $51.78
- Price spread: +0.380% → +0.023%
- $35.7
- Slippage, 4 orders
- −$31.27
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $34.2
- Costs to cover
- 0.533%
- Break-even
- 2.4 days
Slippage from BingX: live order book, 47 min ago; BloFin: live order book, 1 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 BingX live order book, 47 min ago | 1.70 bp | 18.4 bp −$18 | 49.4 bp −$494 | 274.8 bp −$27.5K | 877.5 bp −$438.7K |
| Sell BloFin live order book, 1 min ago | 1.15 bp | 18.4 bp −$18 | 24.0 bp −$240 | 51.6 bp −$5,163 | 120.9 bp −$60.4K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ETC-PERP-INTX | −0.0456% | 1h | 8.7950 | +1.208% | $33K | $22K | 50x | as long as short |
| Kraken Futures PF_ETCUSD | −0.0202% | 1h | 8.7009 | +0.126% | $1.9M | $708K | 50x | as long as short |
| Deribit ETC_USDC-PERPETUAL | −0.0026% | 1h | 8.7012 | +0.129% | — | — | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.7014 | +0.131% | $9K | $25 | 10x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.6982 | +0.094% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +2.129% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.7024 | +0.143% | $2.5M | $612K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.6871 | −0.033% | $972K | $8K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.6933 | +0.038% | $26.1M | $71.0M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.6890 | −0.012% | $12.7M | $8.3M | 75x | as long as short |
Coinbase International ETC-PERP-INTX
Kraken Futures PF_ETCUSD
Deribit ETC_USDC-PERPETUAL
dYdX ETC-USD
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
Hyperliquid ETC
Aster ETCUSDT
Binance ETCUSDT
Bybit ETCUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.6920 | +0.023% | $8.4M | $17.5M | 50x | as long as short |
| Gate ETC_USDT | +0.0100% | 8h | 8.6880 | −0.023% | $3.4M | $2.9M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.6940 | +0.046% | $6.6M | $33.1M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.6950 | +0.058% | $2.8M | $646K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.6850 | −0.058% | $9.6M | $3.9M | 75x | as long as short |
| BingX ETC-USDClong | +0.0100% | 8h | 8.6900 | long leg | — | $706K | — | |
| Variational Omni ETC | +0.0100% | 8h | 8.7355 | +0.523% | $123K | $4K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7000 | +0.115% | $173 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7119 | +0.252% | $118K | $296K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.6990 | +0.104% | $2.0M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.6899 | −0.001% | $11K | $94K | 25x | as long as short |
| BloFin ETC-USDTshort | +0.0347% | 8h | 8.7230 | +0.380% | $1.4M | $280K | 50x |
OKX ETC-USDT-SWAP
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD