Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: OKX against BloFin−0.269%83s7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$530.525% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 3 days (all we have)+0.646%+$65 · spread now −0.269%, 7d avg −0.032%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.237% cheaper against BloFin than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.032%). Swap the legs. The two prices were read 83 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 | BloFin ETC-USDT | 8.9180 | 0.0220 | pay 0.0220% / 8h | 1h 35m | $1.4M | $219K | 50x |
| Short | OKX ETC-USDT-SWAP | 8.8940 | 0.0100 | get 0.0100% / 8h | 1h 35m | $8.8M | $16.5M | 50x |
BloFin ETC-USDT
OKX ETC-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.269% → −0.032%
- −$23.67
- Slippage, 4 orders
- −$30.53
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$101.4
- Costs to cover
- 0.525%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; OKX: 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 BloFin live order book, 2 min ago | 2.81 bp | 12.3 bp −$12 | 21.9 bp −$219 | 64.5 bp −$6,449 | doesn't fit |
| Sell OKX live order book, 2 min ago | 0.56 bp | 13.2 bp −$13 | 39.2 bp −$392 | 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_ETCUSD | −0.0215% | 1h | 8.8964 | −0.242% | $2.0M | $674K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.9102 | −0.088% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.9067 | −0.127% | $505 | $978 | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.9087 | −0.105% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.7920 | −1.413% | $33 | $77K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.9099 | −0.091% | $2.3M | $429K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8995 | −0.208% | $996K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.9000 | −0.202% | $26.6M | $67.9M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8970 | −0.235% | $13.1M | $7.4M | 75x | as long as short |
| OKX ETC-USDT-SWAPshort | +0.0100% | 8h | 8.8940 | −0.269% | $8.8M | $16.5M | 50x |
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
Bybit ETCUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ETC_USDT | +0.0100% | 8h | 8.9050 | −0.146% | $3.6M | $2.4M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.9010 | −0.191% | $7.6M | $32.2M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.9040 | −0.157% | $2.9M | $730K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8977 | −0.228% | $9.8M | $3.8M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.9030 | −0.168% | — | $20.6M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.9475 | +0.330% | $126K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.9010 | −0.191% | $125 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8995 | −0.207% | $134K | $269K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.9080 | −0.112% | $2.0M | $2.6M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.9004 | −0.197% | $12K | $191K | 25x | as long as short |
| BloFin ETC-USDTlong | +0.0220% | 8h | 8.9180 | long leg | $1.4M | $219K | 50x | |
| Coinbase International ETC-PERP-INTX | +0.0536% | 1h | 8.9980 | +0.897% | $36K | $13K | 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