Funding you earn now, next payment 00:00 UTC−0.0295%/8h= −32.3% APRnext payment −$0.37 per $10,000 · paid last 24h −0.050%
Price spread now: Kraken Futures against Extended+0.120%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$640.640% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 3 days (all we have)−0.290%−$29 · spread now +0.120%, 7d avg +0.034%
=Together, before fees−0.325%+ Points / potential airdropExtended: Active · farm board−$33 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.086% dearer against Extended than usual: you sell high and buy low (spread +0.120% now, against its 7-day average of +0.034%): +$9 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.036% in total) that is about 17 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; at this rate the next one is about −$0.37 per $10,000. 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 | Extended ETC-USD | 8.9390 | 0.0104 | pay 0.0013% / 1h | 53m 50s | $12K | $191K | 25x |
| Short | Kraken Futures PF_ETCUSD | 8.9498 | −0.0191 | pay 0.0024% / 1h | 53m 50s | $2.0M | $683K | 50x |
Extended ETC-USD
Kraken Futures PF_ETCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- −$61.99
- Price spread: +0.120% → +0.034%
- $8.58
- Slippage, 4 orders
- −$49.02
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$117.42
- Costs to cover
- 0.640%
- Break-even
- never at this rate
Slippage from Extended: live order book, 23 min ago; Kraken Futures: 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 Extended live order book, 23 min ago | 1.13 bp | 8.5 bp −$8 | 97.3 bp −$973 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 3.91 bp | 22.5 bp −$22 | 40.0 bp −$400 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ETC/USDC PERP | −0.0293% | 1h | 8.8750 | −0.716% | $34 | $102K | 5.5x | as long as short |
| Kraken Futures PF_ETCUSDshort | −0.0191% | 1h | 8.9498 | +0.120% | $2.0M | $683K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.9515 | +0.140% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.9467 | +0.086% | $507 | $978 | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.9484 | +0.105% | — | — | 150x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.9509 | +0.133% | $2.3M | $430K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.9425 | +0.039% | $1.0M | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.9370 | −0.022% | $26.6M | $68.3M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.9320 | −0.078% | $13.2M | $7.4M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.9370 | −0.022% | $8.8M | $16.7M | 50x | as long as short |
Injective ETC/USDC PERP
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
gTrade (Gains Network) ETC/USD
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 | 8.9410 | +0.022% | $3.6M | $2.4M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.9380 | −0.011% | $7.4M | $32.2M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.9470 | +0.089% | $2.9M | $727K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.9417 | +0.030% | $9.9M | $3.8M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.9390 | 0.000% | — | $20.6M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.9438 | +0.054% | $127K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.9420 | +0.033% | $130 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.9497 | +0.120% | $134K | $269K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.9480 | +0.101% | $2.0M | $2.6M | 50x | as long as short |
| Extended ETC-USDlong | +0.0104% | 1h | 8.9390 | long leg | $12K | $191K | 25x | |
| BloFin ETC-USDT | +0.0220% | 8h | 8.9480 | +0.101% | $1.4M | $218K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0800% | 1h | 8.9630 | +0.268% | $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
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX