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: BloFin against Bybit+0.203%102s7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as 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−$550.548% of the position
Funding, last 7 days+0.126%+$13 on $10k
+Price spread, last 3 days (all we have)−0.471%−$47 · spread now +0.203%, 7d avg +0.058%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.145% dearer against Bybit than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.058%. The two prices were read 102 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 | Bybit ETCUSDT | 8.8660 | 0.0100 | pay 0.0100% / 8h | 27m 37s | $13.0M | $7.3M | 75x |
| Short | BloFin ETC-USDT | 8.8840 | 0.0220 | get 0.0220% / 8h | 27m 37s | $1.5M | $216K | 50x |
Bybit ETCUSDT
BloFin ETC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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: +0.203% → +0.058%
- $14.49
- Slippage, 4 orders
- −$31.79
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$15.1
- Costs to cover
- 0.548%
- Break-even
- 11.2 days
Slippage from Bybit: live order book, 6 min ago; BloFin: 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 Bybit live order book, 6 min ago | 0.56 bp | 18.6 bp −$19 | 47.1 bp −$471 | 207.2 bp −$20.7K | doesn't fit |
| Sell BloFin live order book, 5 min ago | 0.56 bp | 8.8 bp −$9 | 14.8 bp −$148 | 45.9 bp −$4,595 | 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 | +0.102% | $34 | $102K | 5.5x | as long as short |
| Kraken Futures PF_ETCUSD | −0.0193% | 1h | 8.8738 | +0.088% | $2.0M | $714K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8729 | +0.078% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8806 | +0.165% | $503 | $978 | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8840 | +0.203% | — | — | 150x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8849 | +0.213% | $2.3M | $441K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8687 | +0.031% | $992K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8730 | +0.079% | $26.5M | $68.7M | 75x | as long as short |
| Bybit ETCUSDTlong | +0.0100% | 8h | 8.8660 | long leg | $13.0M | $7.3M | 75x | |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8680 | +0.023% | $8.8M | $16.8M | 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
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 | 8.8700 | +0.045% | $3.5M | $2.5M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8700 | +0.045% | $7.6M | $32.3M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8770 | +0.124% | $2.9M | $723K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8724 | +0.072% | $9.8M | $3.8M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.8690 | +0.034% | — | $20.6M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8820 | +0.180% | $126K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8780 | +0.135% | $134 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8775 | +0.130% | $121K | $298K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8780 | +0.135% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8683 | +0.026% | $11K | $191K | 25x | as long as short |
| BloFin ETC-USDTshort | +0.0220% | 8h | 8.8840 | +0.203% | $1.5M | $216K | 50x | |
| Coinbase International ETC-PERP-INTX | +0.0800% | 1h | 8.9830 | +1.320% | $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