Funding you earn now, next payment 05:00 UTC−0.0219%/8h= −24.0% APRpaid last 24h −0.048%
Price spread now: Kraken Futures against BingX−0.068%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$670.675% of the position
Funding, last 7 days−0.099%−$10 on $10k
+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 −$7 a day on $10k at the current rate, and Kraken Futures is 0.068% cheaper against BingX 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.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.2% 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-USDT | 8.8060 | 0.0100 | pay 0.0100% / 8h | 3h 11m | — | $20.8M | — |
| Short | Kraken Futures PF_ETCUSD | 8.8000 | −0.0119 | pay 0.0015% / 1h | 11m 52s | $1.9M | $700K | 50x |
BingX ETC-USDT
Kraken Futures PF_ETCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$46.02
- Price spread: −0.068% → 0.000%
- −$6.8
- Slippage, 4 orders
- −$47.47
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$120.29
- Costs to cover
- 0.675%
- Break-even
- never at this rate
Slippage from BingX: live order book, 12 min ago; Kraken Futures: live order book, 2 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, 12 min ago | 1.70 bp | 9.9 bp −$10 | 17.2 bp −$172 | 49.6 bp −$4,964 | 191.1 bp −$95.5K |
| Sell Kraken Futures live order book, 2 min ago | 5.11 bp | 25.7 bp −$26 | 45.5 bp −$455 | 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_ETCUSDshort | −0.0119% | 1h | 8.8000 | −0.068% | $1.9M | $700K | 50x | |
| Deribit ETC_USDC-PERPETUAL | −0.0057% | 1h | 8.7992 | −0.077% | — | — | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8141 | +0.092% | $9K | $71 | 10x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8070 | +0.011% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.784% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8092 | +0.036% | $2.5M | $612K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8063 | +0.003% | $985K | $8K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8000 | −0.068% | $26.2M | $70.0M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8000 | −0.068% | $12.8M | $8.1M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8010 | −0.057% | $8.5M | $17.6M | 50x | as long as short |
Deribit ETC_USDC-PERPETUAL
dYdX ETC-USD
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
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 | 8.8060 | 0.000% | $3.5M | $2.9M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.7990 | −0.079% | $6.9M | $33.1M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8080 | +0.023% | $2.8M | $664K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8107 | +0.053% | $9.7M | $3.7M | 75x | as long as short |
| BingX ETC-USDTlong | +0.0100% | 8h | 8.8060 | long leg | — | $20.8M | — | |
| Variational Omni ETC | +0.0100% | 8h | 8.8040 | −0.023% | $125K | $4K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7990 | −0.079% | $173 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7956 | −0.118% | $119K | $294K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8040 | −0.023% | $2.0M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.7984 | −0.086% | $12K | $93K | 25x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0208% | 1h | 8.7360 | −0.795% | $33K | $21K | 50x | as long as short |
| BloFin ETC-USDT | +0.0345% | 8h | 8.8160 | +0.114% | $1.4M | $282K | 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
Coinbase International ETC-PERP-INTX
BloFin ETC-USDT