Funding you earn now, next payment 04:00 UTC−0.0325%/8h= −35.6% APRpaid last 24h −0.050%
Price spread now: Kraken Futures against Bitget−0.036%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$810.815% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)−0.311%−$31 · spread now −0.036%, 7d avg +0.030%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Kraken Futures is 0.066% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.030%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.090% in total (about -4.7% 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 | Bitget ETCUSDT | 8.8450 | 0.0100 | pay 0.0100% / 8h | 4h 29m | $9.8M | $3.7M | 75x |
| Short | Kraken Futures PF_ETCUSD | 8.8418 | −0.0225 | pay 0.0028% / 1h | 29m 40s | $1.9M | $682K | 50x |
Bitget ETCUSDT
Kraken Futures PF_ETCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$68.28
- Price spread: −0.036% → +0.030%
- −$6.63
- Slippage, 4 orders
- −$59.46
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$156.37
- Costs to cover
- 0.815%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Kraken Futures: live order book, 4 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 Bitget live order book, 4 min ago | 1.14 bp | 8.1 bp −$8 | 17.8 bp −$178 | 83.7 bp −$8,370 | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 11.37 bp | 35.0 bp −$35 | 83.9 bp −$839 | 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 | −0.0225% | 1h | 8.8418 | −0.036% | $1.9M | $682K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.8402 | −0.054% | $9K | $71 | 10x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8307 | −0.162% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.339% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8522 | +0.081% | $2.5M | $592K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8466 | +0.018% | $990K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8473 | +0.026% | $26.5M | $68.7M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8400 | −0.057% | $12.9M | $7.8M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8450 | 0.000% | $8.5M | $17.3M | 50x | as long as short |
| Gate ETC_USDT | +0.0100% | 8h | 8.8440 | −0.011% | $3.6M | $2.6M | 60x | as long as short |
dYdX ETC-USD
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
Hyperliquid ETC
Aster ETCUSDT
Binance ETCUSDT
Bybit ETCUSDT
OKX ETC-USDT-SWAP
Gate ETC_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ETC_USDT | +0.0100% | 8h | 8.8470 | +0.023% | $7.2M | $33.0M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8450 | 0.000% | $2.9M | $644K | 50x | as long as short |
| Bitget ETCUSDTlong | +0.0100% | 8h | 8.8450 | long leg | $9.8M | $3.7M | 75x | |
| BingX ETC-USDT | +0.0100% | 8h | 8.8440 | −0.011% | — | $20.7M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8155 | −0.334% | $124K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8400 | −0.057% | $187 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8342 | −0.122% | $120K | $290K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8440 | −0.011% | $2.0M | $2.8M | 50x | as long as short |
| Deribit ETC_USDC-PERPETUAL | +0.0101% | 1h | 8.8439 | −0.012% | $501 | — | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8442 | −0.009% | $15K | $99K | 25x | as long as short |
| BloFin ETC-USDT | +0.0239% | 8h | 8.8030 | −0.475% | $1.4M | $282K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0800% | 1h | 8.7360 | −1.232% | $33K | $21K | 50x | as long as short |
MEXC ETC_USDT
KuCoin ETCUSDTM
BingX ETC-USDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Deribit ETC_USDC-PERPETUAL
Extended ETC-USD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX