Funding you earn now, next payment 00:00 UTC−0.0393%/8h= −43.0% APRpaid last 24h −0.019%
Price spread now: Injective against BingX+0.192%7-day average −0.330% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.060%−$6 on $10k
+Price spread, last 3 days (all we have)−0.723%−$72 · spread now +0.192%, 7d avg −0.330%
=The price spread pays, funding is against you. Injective is 0.522% dearer against BingX than usual: you sell high and buy low (spread +0.192% now, against its 7-day average of −0.330%): +$52 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 4.4 days. At the pace of the last 4 days (−0.060% in total) that is about 35 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.060% in total (about -5.5% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ETC-USDC | 8.8580 | 0.0100 | pay 0.0100% / 8h | 10m 34s | — | $708K | — |
| Short | Injective ETC/USDC PERP | 8.8750 | −0.0293 | pay 0.0037% / 1h | 10m 34s | $34 | $102K | 5.5x |
BingX ETC-USDC
Injective ETC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$82.52
- Price spread: +0.192% → −0.330%
- $52.16
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$40.38
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: BingX: live order book, 18 min ago; Injective: 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 BingX live order book, 18 min ago | 1.13 bp | 13.8 bp −$14 | 43.1 bp −$431 | 382.4 bp −$38.2K | 982.0 bp −$491.0K |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ETC/USDC PERPshort | −0.0293% | 1h | 8.8750 | +0.192% | $34 | $102K | 5.5x | |
| Kraken Futures PF_ETCUSD | −0.0194% | 1h | 8.8421 | −0.179% | $1.9M | $720K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8547 | −0.038% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8473 | −0.121% | $501 | $978 | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8489 | −0.102% | — | — | 150x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8595 | +0.017% | $2.3M | $443K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8464 | −0.130% | $990K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8521 | −0.066% | $26.5M | $68.9M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8500 | −0.090% | $13.0M | $7.4M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8600 | +0.023% | $8.8M | $16.9M | 50x | as long as short |
Kraken Futures PF_ETCUSD
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
gTrade (Gains Network) ETC/USD
Hyperliquid ETC
Aster ETCUSDT
Binance 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 | 8.8600 | +0.023% | $3.6M | $2.5M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8570 | −0.011% | $7.8M | $32.4M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8560 | −0.023% | $2.9M | $723K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8594 | +0.016% | $9.8M | $3.8M | 75x | as long as short |
| BingX ETC-USDClong | +0.0100% | 8h | 8.8580 | long leg | — | $708K | — | |
| Variational Omni ETC | +0.0100% | 8h | 8.8352 | −0.257% | $125K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8450 | −0.147% | $149 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8425 | −0.175% | $121K | $299K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8470 | −0.124% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8559 | −0.023% | $11K | $191K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.8480 | −0.113% | $1.4M | $215K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0800% | 1h | 9.0700 | +2.393% | $36K | $13K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX