Funding you earn now, next payment 01:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h −0.052%
Price spread now: Kraken Futures against HTX+0.069%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1041.043% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 3 days (all we have)+0.092%+$9 · spread now +0.069%, 7d avg +0.023%
=The price spread pays, funding is against you. Kraken Futures is 0.046% dearer against HTX than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of +0.023%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.105% in total) that is about 3.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% 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 | HTX ETC-USDT | 8.9625 | 0.0100 | pay 0.0100% / 8h | 7h 15m | $122K | $295K | 75x |
| Short | Kraken Futures PF_ETCUSD | 8.9687 | −0.0192 | pay 0.0024% / 1h | 15m 30s | $2.0M | $713K | 50x |
HTX ETC-USDT
Kraken Futures PF_ETCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against HTX. 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
- −$61.41
- Price spread: +0.069% → +0.023%
- $4.65
- Slippage, 4 orders
- −$82.29
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$161.05
- Costs to cover
- 1.043%
- Break-even
- never at this rate
Slippage from HTX: live order book, 56 min ago; Kraken Futures: live order book, 3 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 HTX live order book, 56 min ago | 16.84 bp | 30.1 bp −$30 | 186.1 bp −$1,861 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 7.84 bp | 22.3 bp −$22 | 52.3 bp −$523 | 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 | −0.0192% | 1h | 8.9687 | +0.069% | $2.0M | $713K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.9596 | −0.033% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.9644 | +0.021% | $508 | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.9620 | −0.006% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | −0.976% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.9758 | +0.148% | $2.5M | $581K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.9589 | −0.040% | $1.0M | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.9664 | +0.043% | $26.9M | $68.1M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.9590 | −0.039% | $13.2M | $7.3M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.9650 | +0.028% | $8.9M | $17.1M | 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
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 | 8.9640 | +0.017% | $3.7M | $2.5M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.9780 | +0.173% | $7.8M | $32.6M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.9660 | +0.039% | $2.9M | $717K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.9632 | +0.008% | $10.0M | $3.8M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.9600 | −0.028% | — | $706K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.9521 | −0.116% | $126K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.9640 | +0.017% | $151 | $5K | 5x | as long as short |
| HTX ETC-USDTlong | +0.0100% | 8h | 8.9625 | long leg | $122K | $295K | 75x | |
| Phemex ETCUSDT | +0.0100% | 8h | 8.9680 | +0.061% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.9590 | −0.039% | $11K | $96K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.9520 | −0.117% | $1.4M | $218K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0672% | 1h | 8.9690 | +0.073% | $36K | $14K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDC
Variational Omni ETC
SoDEX ETC-USD
Phemex ETCUSDT
Extended ETC-USD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX