Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.023%
Price spread now: Injective against Bitget+1.059%111s7-day average −0.297% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)−2.084%−$208 · spread now +1.059%, 7d avg −0.297%
=The price spread pays, funding is against you. Injective is 1.356% dearer against Bitget than usual: you sell high and buy low (spread +1.059% now, against its 7-day average of −0.297%): +$136 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months. At the pace of the last 7 days (−0.012% in total) that is about years. The two prices were read 111 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 | Bitget ETCUSDT | 8.7820 | 0.0100 | pay 0.0100% / 8h | 4h 55m | $9.7M | $3.6M | 75x |
| Short | Injective ETC/USDC PERP | 8.8750 | 0.0033 | get 0.0004% / 1h | 55m 28s | $34 | $102K | 5.5x |
Bitget ETCUSDT
Injective ETC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bitget. 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
- −$14
- Price spread: +1.059% → −0.297%
- $135.65
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $109.63
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago | 1.71 bp | 11.3 bp −$11 | 19.5 bp −$195 | 89.1 bp −$8,912 | doesn't fit |
| 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ETCUSD | −0.0226% | 1h | 8.8129 | +0.352% | $1.9M | $686K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.7911 | +0.104% | $9K | $71 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8122 | +0.344% | $499 | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.7895 | +0.085% | — | — | 150x | as long as short |
| Injective ETC/USDC PERPshort | +0.0033% | 1h | 8.8750 | +1.059% | $34 | $102K | 5.5x | |
| Hyperliquid ETC | +0.0100% | 1h | 8.7952 | +0.150% | $2.5M | $596K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.7882 | +0.071% | $983K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.7880 | +0.068% | $26.4M | $68.4M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.7830 | +0.011% | $12.8M | $7.7M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7830 | +0.011% | $8.5M | $17.1M | 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 | 8.7940 | +0.137% | $3.6M | $2.5M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.7870 | +0.057% | $7.3M | $32.8M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.7920 | +0.114% | $2.9M | $638K | 50x | as long as short |
| Bitget ETCUSDTlong | +0.0100% | 8h | 8.7820 | long leg | $9.7M | $3.6M | 75x | |
| BingX ETC-USDC | +0.0100% | 8h | 8.7860 | +0.046% | — | $709K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8055 | +0.268% | $123K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8120 | +0.342% | $186 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7947 | +0.145% | $119K | $292K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8100 | +0.319% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.7877 | +0.065% | $15K | $92K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.7570 | −0.285% | $1.4M | $245K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0800% | 1h | 8.8490 | +0.763% | $35K | $20K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
BingX ETC-USDC
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX