Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Bybit against BloFin+0.023%7-day average −0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$590.592% of the position
Funding, last 7 days−0.141%−$14 on $10k
+Price spread, last 4 days (all we have)+0.889%+$89 · spread now +0.023%, 7d avg −0.060%
=The price spread pays, funding is against you. Bybit is 0.082% dearer against BloFin than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.060%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ETC-USDT | 8.8250 | 0.0220 | pay 0.0220% / 8h | 5h 42m | $1.4M | $193K | 50x |
| Short | Bybit ETCUSDT | 8.8270 | 0.0100 | get 0.0100% / 8h | 5h 42m | $12.9M | $7.7M | 75x |
BloFin ETC-USDT
Bybit ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$25.2
- Price spread: +0.023% → −0.060%
- $8.22
- Slippage, 4 orders
- −$36.17
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$76.15
- Costs to cover
- 0.592%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 70 min ago; Bybit: 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 BloFin live order book, 70 min ago | 1.70 bp | 10.8 bp −$11 | 20.5 bp −$205 | 49.5 bp −$4,953 | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.14 bp | 17.7 bp −$18 | 44.5 bp −$445 | 167.6 bp −$16.8K | 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_ETCUSD | −0.0010% | 1h | 8.8341 | +0.103% | $1.9M | $700K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8058 | −0.217% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8300 | +0.057% | $500 | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8228 | −0.025% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.567% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8394 | +0.163% | $2.5M | $591K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8238 | −0.014% | $987K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8339 | +0.100% | $26.5M | $68.7M | 75x | as long as short |
| Bybit ETCUSDTshort | +0.0100% | 8h | 8.8270 | +0.023% | $12.9M | $7.7M | 75x | |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8330 | +0.091% | $8.6M | $17.1M | 50x | as long as short |
Kraken Futures PF_ETCUSD
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
Hyperliquid ETC
Aster ETCUSDT
Binance 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 | 8.8230 | −0.023% | $3.6M | $2.5M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8320 | +0.079% | $7.5M | $32.7M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8230 | −0.023% | $2.9M | $654K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8268 | +0.020% | $9.7M | $3.6M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.8280 | +0.034% | — | $20.7M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7890 | −0.408% | $123K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8300 | +0.057% | $171 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8305 | +0.062% | $120K | $302K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8230 | −0.023% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8317 | +0.075% | $11K | $93K | 25x | as long as short |
| BloFin ETC-USDTlong | +0.0220% | 8h | 8.8250 | long leg | $1.4M | $193K | 50x | |
| Coinbase International ETC-PERP-INTX | +0.1048% | 1h | 8.9440 | +1.348% | $38K | $16K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX