Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.031%
Price spread now: Phemex against Deribit−0.324%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Funding pays, the price is against you. Phemex is 0.324% cheaper against Deribit than usual: you would sell low and buy high (spread −0.324% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$32 on $10k: about 11 days of funding at the current rate (+$3 a day). The two prices were read 57 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 | Deribit ETC_USDC-PERPETUAL | 8.9440 | 0 | get 0.0000% / 1h | 42m 19s | $507 | $978 | 50x |
| Short | Phemex ETCUSDT | 8.9150 | 0.0100 | get 0.0100% / 8h | 1h 42m | $2.0M | $2.6M | 50x |
Deribit ETC_USDC-PERPETUAL
Phemex ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Deribit. 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
- $21
- Price spread: −0.324% → 0.000%
- −$32.42
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$30.42
- Costs to cover
- 0.190%
- Break-even
- 17.1 days
Slippage unknown: Deribit: 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 1 min ago | 1.68 bp | 14.0 bp −$14 | 46.2 bp −$462 | doesn't fit | doesn't fit |
Deribit: 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 | −0.0213% | 1h | 8.9500 | +0.067% | $2.0M | $674K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.9278 | −0.181% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUALlong | 0.0000% | 1h | 8.9440 | long leg | $507 | $978 | 50x | |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.9386 | −0.061% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.7920 | −1.699% | $33 | $77K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.9394 | −0.051% | $2.3M | $416K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.9310 | −0.145% | $999K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.9391 | −0.055% | $26.6M | $67.6M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.9350 | −0.101% | $13.2M | $7.3M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.9420 | −0.022% | $8.9M | $16.6M | 50x | as long as short |
Kraken Futures PF_ETCUSD
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 | 8.9370 | −0.078% | $3.6M | $2.4M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.9390 | −0.056% | $7.5M | $32.1M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.9360 | −0.089% | $2.9M | $727K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.9409 | −0.035% | $9.9M | $3.7M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.9350 | −0.101% | — | $20.6M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8612 | −0.926% | $125K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.9400 | −0.045% | $127 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.9098 | −0.382% | $134K | $268K | 75x | as long as short |
| Phemex ETCUSDTshort | +0.0100% | 8h | 8.9150 | −0.324% | $2.0M | $2.6M | 50x | |
| Extended ETC-USD | +0.0104% | 1h | 8.9395 | −0.051% | $12K | $191K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.9010 | −0.481% | $1.4M | $219K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0536% | 1h | 8.9540 | +0.112% | $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
Extended ETC-USD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX