Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bitget−0.018%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$560.556% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 3 days (all we have)−0.294%−$29 · spread now −0.018%, 7d avg +0.012%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.030% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ETCUSDT | 8.9296 | 0.0100 | pay 0.0100% / 8h | 59m 04s | $9.9M | $3.8M | 75x |
| Short | Phemex ETCUSDT | 8.9280 | 0.0100 | get 0.0100% / 8h | 59m 04s | $2.0M | $2.6M | 50x |
Bitget ETCUSDT
Phemex ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −0.018% → +0.012%
- −$2.99
- Slippage, 4 orders
- −$31.65
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$58.64
- Costs to cover
- 0.556%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Phemex: live order book, 5 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 | 2.24 bp | 15.7 bp −$16 | 28.6 bp −$286 | 95.2 bp −$9,525 | doesn't fit |
| Sell Phemex live order book, 5 min ago | 3.93 bp | 18.0 bp −$18 | 53.3 bp −$533 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ETC/USDC PERP | −0.0293% | 1h | 8.8750 | −0.611% | $34 | $102K | 5.5x | as long as short |
| Kraken Futures PF_ETCUSD | −0.0192% | 1h | 8.9271 | −0.028% | $2.0M | $684K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.9258 | −0.043% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.9262 | −0.038% | $506 | $978 | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.9270 | −0.029% | — | — | 150x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.9352 | +0.063% | $2.3M | $428K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.9262 | −0.038% | $999K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.9290 | −0.007% | $26.6M | $68.3M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.9230 | −0.074% | $13.2M | $7.4M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.9230 | −0.074% | $8.8M | $16.7M | 50x | as long as short |
Injective ETC/USDC PERP
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 | 8.9280 | −0.018% | $3.6M | $2.4M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.9260 | −0.040% | $7.5M | $32.2M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.9280 | −0.018% | $2.9M | $728K | 50x | as long as short |
| Bitget ETCUSDTlong | +0.0100% | 8h | 8.9296 | long leg | $9.9M | $3.8M | 75x | |
| BingX ETC-USDT | +0.0100% | 8h | 8.9250 | −0.052% | — | $20.6M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.9173 | −0.138% | $126K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.9220 | −0.085% | $123 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.9277 | −0.021% | $134K | $268K | 75x | as long as short |
| Phemex ETCUSDTshort | +0.0100% | 8h | 8.9280 | −0.018% | $2.0M | $2.6M | 50x | |
| Extended ETC-USD | +0.0104% | 1h | 8.9231 | −0.073% | $11K | $191K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.9330 | +0.038% | $1.4M | $217K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0800% | 1h | 8.9630 | +0.374% | $36K | $13K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
BingX ETC-USDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Extended ETC-USD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX