Funding you earn now, next payment 01:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h 0.000%
Price spread now: Phemex against Hyperliquid−0.010%48s7-day average −0.062% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 3 days (all we have)−0.168%−$17 · spread now −0.010%, 7d avg −0.062%
=Together, before fees−0.170%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.052% dearer against Hyperliquid than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.062%. The two prices were read 48 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 | Hyperliquid ETC | 8.8799 | 0.0103 | pay 0.0013% / 1h | 44m 28s | $2.5M | $581K | 5x |
| Short | Phemex ETCUSDT | 8.8790 | 0.0100 | get 0.0100% / 8h | 7h 44m | $2.0M | $2.7M | 50x |
Hyperliquid ETC
Phemex ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Hyperliquid. 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
- −$0.54
- Price spread: −0.010% → −0.062%
- $5.23
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$16.3
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 7 min ago; Phemex: live order book, 4 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 Hyperliquid live order book, 7 min ago | 1.01 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 3.95 bp | 15.5 bp −$15 | 47.4 bp −$474 | 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 | −0.0194% | 1h | 8.8817 | +0.020% | $2.0M | $725K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8804 | +0.005% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8836 | +0.042% | $503 | $978 | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8684 | −0.130% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | −0.055% | $34 | $102K | 5.5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8754 | −0.051% | $993K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8678 | −0.136% | $26.5M | $69.1M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8600 | −0.224% | $13.0M | $7.3M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8650 | −0.168% | $8.8M | $17.0M | 50x | as long as short |
| Gate ETC_USDT | +0.0100% | 8h | 8.8800 | +0.001% | $3.6M | $2.5M | 60x | as long as short |
Kraken Futures PF_ETCUSD
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
Aster ETCUSDT
Binance ETCUSDT
Bybit ETCUSDT
OKX ETC-USDT-SWAP
Gate ETC_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ETC_USDT | +0.0100% | 8h | 8.8680 | −0.134% | $7.8M | $32.4M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8740 | −0.066% | $2.9M | $728K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8731 | −0.077% | $9.8M | $3.8M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.8700 | −0.111% | — | $707K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8451 | −0.392% | $125K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8840 | +0.046% | $143 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8805 | +0.007% | $121K | $296K | 75x | as long as short |
| Phemex ETCUSDTshort | +0.0100% | 8h | 8.8790 | −0.010% | $2.0M | $2.7M | 50x | |
| Hyperliquid ETClong | +0.0103% | 1h | 8.8799 | long leg | $2.5M | $581K | 5x | |
| Extended ETC-USD | +0.0104% | 1h | 8.8787 | −0.013% | $12K | $191K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.8740 | −0.066% | $1.4M | $216K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0672% | 1h | 8.9470 | +0.756% | $35K | $14K | 50x | as long as short |
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDC
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Extended ETC-USD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX