Funding you earn now, next payment 22:00 UTC−0.0436%/8h= −47.7% APRpaid last 24h −0.008%
Price spread now: Phemex against Coinbase International−0.090%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Phemex is 0.090% cheaper against Coinbase International than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ETC-PERP-INTX | 8.8440 | 0.0536 | pay 0.0067% / 1h | 52m 30s | $35K | $13K | 50x |
| Short | Phemex ETCUSDT | 8.8360 | 0.0100 | get 0.0100% / 8h | 1h 52m | $2.0M | $2.6M | 50x |
Coinbase International ETC-PERP-INTX
Phemex ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Coinbase International. 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
- −$91.56
- Price spread: −0.090% → 0.000%
- −$9.05
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$122.61
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Phemex: live order book, 1 min ago. Net counts fees only.
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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 1 min ago | 3.96 bp | 17.7 bp −$18 | 44.4 bp −$444 | doesn't fit | doesn't fit |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0216% | 1h | 8.8358 | −0.093% | $2.0M | $673K | 50x | as long as short |
| Deribit ETC_USDC-PERPETUAL | −0.0180% | 1h | 8.8372 | −0.077% | $501 | $978 | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8372 | −0.077% | $9K | $46 | 10x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8402 | −0.043% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.7920 | −0.588% | $33 | $77K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8399 | −0.046% | $2.2M | $415K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8318 | −0.138% | $988K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8358 | −0.093% | $26.3M | $67.6M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8300 | −0.158% | $13.0M | $7.3M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8340 | −0.113% | $8.7M | $16.3M | 50x | as long as short |
Kraken Futures PF_ETCUSD
Deribit ETC_USDC-PERPETUAL
dYdX ETC-USD
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
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 | 8.8340 | −0.113% | $3.6M | $2.4M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8320 | −0.136% | $7.7M | $32.0M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8330 | −0.124% | $2.9M | $725K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8330 | −0.124% | $9.8M | $3.7M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.8360 | −0.090% | — | $20.6M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8093 | −0.393% | $125K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8340 | −0.113% | $126 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8312 | −0.145% | $133K | $270K | 75x | as long as short |
| Phemex ETCUSDTshort | +0.0100% | 8h | 8.8360 | −0.090% | $2.0M | $2.6M | 50x | |
| Extended ETC-USD | +0.0104% | 1h | 8.8337 | −0.116% | $11K | $191K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.8390 | −0.057% | $1.4M | $218K | 50x | as long as short |
| Coinbase International ETC-PERP-INTXlong | +0.0536% | 1h | 8.8440 | long leg | $35K | $13K | 50x |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Extended ETC-USD
BloFin ETC-USDT