Funding you earn now, next payment 07:00 UTC−0.0375%/8h= −41.0% APRpaid last 24h −0.042%
Price spread now: Kraken Futures against Bybit+0.189%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$790.787% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)−0.308%−$31 · spread now +0.189%, 7d avg +0.048%
=The price spread pays, funding is against you. Kraken Futures is 0.142% dearer against Bybit than usual: you sell high and buy low (spread +0.189% now, against its 7-day average of +0.048%): +$14 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 7 days (−0.036% in total) that is about 27 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% 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 | Bybit ETCUSDT | 8.7240 | 0.0100 | pay 0.0100% / 8h | 1h 36m | $12.9M | $8.7M | 75x |
| Short | Kraken Futures PF_ETCUSD | 8.7405 | −0.0275 | pay 0.0034% / 1h | 36m 58s | $1.9M | $720K | 50x |
Bybit ETCUSDT
Kraken Futures PF_ETCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$78.66
- Price spread: +0.189% → +0.048%
- $14.18
- Slippage, 4 orders
- −$57.71
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$143.19
- Costs to cover
- 0.787%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Kraken Futures: 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 Bybit live order book, 1 min ago | 1.14 bp | 17.3 bp −$17 | 57.1 bp −$571 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 5.72 bp | 23.7 bp −$24 | 45.9 bp −$459 | 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 | −0.0275% | 1h | 8.7405 | +0.189% | $1.9M | $720K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.7390 | +0.172% | $9K | $25 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.7361 | +0.139% | — | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.7374 | +0.154% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +1.731% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.7383 | +0.164% | $2.5M | $617K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.7277 | +0.043% | $977K | $8K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.7310 | +0.080% | $26.2M | $71.7M | 75x | as long as short |
| Bybit ETCUSDTlong | +0.0100% | 8h | 8.7240 | long leg | $12.9M | $8.7M | 75x | |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7300 | +0.069% | $8.5M | $17.9M | 50x | as long as short |
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 | 8.7280 | +0.046% | $3.5M | $2.9M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.7290 | +0.057% | $6.8M | $33.1M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.7330 | +0.103% | $2.8M | $711K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.7310 | +0.080% | $9.6M | $3.9M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.7260 | +0.023% | — | $703K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7290 | +0.057% | $123K | $5K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7350 | +0.126% | $183 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7375 | +0.155% | $117K | $309K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.7370 | +0.149% | $2.0M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.7278 | +0.044% | $11K | $100K | 25x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0104% | 1h | 8.7950 | +0.814% | $33K | $22K | 50x | as long as short |
| BloFin ETC-USDT | +0.0400% | 8h | 8.7350 | +0.126% | $1.4M | $296K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDC
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX
BloFin ETC-USDT