Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%
Price spread now: Phemex against Gate−0.068%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$820.818% of the position
Funding, last 7 days+0.084%+$8 on $10k
+Price spread, last 4 days (all we have)−0.240%−$24 · spread now −0.068%, 7d avg +0.011%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.079% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ETC_USDT | 8.8170 | 0.0100 | pay 0.0100% / 8h | 3h 13m | $3.5M | $2.9M | 60x |
| Short | Phemex ETCUSDT | 8.8110 | 0.0100 | get 0.0100% / 8h | 3h 13m | $2.0M | $2.8M | 50x |
Gate ETC_USDT
Phemex ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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
- $0
- Price spread: −0.068% → +0.011%
- −$7.86
- Slippage, 4 orders
- −$54.78
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$89.64
- Costs to cover
- 0.818%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Phemex: 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 Gate live order book, 5 min ago | 6.24 bp | 25.2 bp −$25 | 79.0 bp −$790 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 3.97 bp | 17.5 bp −$17 | 58.8 bp −$588 | 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_ETCUSD | −0.0119% | 1h | 8.8121 | −0.056% | $1.9M | $700K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8132 | −0.043% | $9K | $71 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8148 | −0.025% | — | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8126 | −0.050% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.658% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8254 | +0.095% | $2.5M | $612K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8106 | −0.072% | $986K | $8K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8170 | 0.000% | $26.3M | $70.0M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8140 | −0.034% | $12.9M | $8.1M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8170 | 0.000% | $8.5M | $17.7M | 50x | as long as short |
Kraken Futures PF_ETCUSD
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
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_USDTlong | +0.0100% | 8h | 8.8170 | long leg | $3.5M | $2.9M | 60x | |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8200 | +0.034% | $6.9M | $33.1M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8110 | −0.068% | $2.8M | $664K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8203 | +0.037% | $9.7M | $3.7M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.8180 | +0.011% | — | $20.7M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8040 | −0.148% | $125K | $4K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8120 | −0.057% | $178 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8098 | −0.082% | $119K | $294K | 75x | as long as short |
| Phemex ETCUSDTshort | +0.0100% | 8h | 8.8110 | −0.068% | $2.0M | $2.8M | 50x | |
| Extended ETC-USD | +0.0104% | 1h | 8.8109 | −0.069% | $12K | $93K | 25x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0208% | 1h | 8.7360 | −0.919% | $33K | $21K | 50x | as long as short |
| BloFin ETC-USDT | +0.0345% | 8h | 8.8160 | −0.011% | $1.4M | $282K | 50x | as long as short |
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX
BloFin ETC-USDT