Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.023%
Price spread now: Bybit against Injective−0.203%98s7-day average +0.275% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 4 days (all we have)+1.261%+$126 · spread now −0.203%, 7d avg +0.275%
=Funding pays, the price is against you. Bybit is 0.478% cheaper against Injective than usual: you would sell low and buy high (spread −0.203% now, against its 7-day average of +0.275%). If the spread goes back, that is −$48 on $10k: about 24 days of funding at the current rate (+$2 a day). The two prices were read 98 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 | Injective ETC/USDC PERP | 8.8750 | 0.0033 | pay 0.0004% / 1h | 19m 44s | $34 | $102K | 5.5x |
| Short | Bybit ETCUSDT | 8.8570 | 0.0100 | get 0.0100% / 8h | 5h 19m | $12.9M | $7.7M | 75x |
Injective ETC/USDC PERP
Bybit ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Injective. 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
- $14
- Price spread: −0.203% → +0.275%
- −$47.78
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$44.8
- Costs to cover
- 0.110%
- Break-even
- 29.4 days
Slippage unknown: Injective: no order-book sample; Bybit: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 0.56 bp | 16.2 bp −$16 | 44.0 bp −$440 | 186.1 bp −$18.6K | doesn't fit |
Injective: 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 | −0.0010% | 1h | 8.8567 | −0.206% | $1.9M | $687K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8677 | −0.082% | $9K | $71 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8609 | −0.159% | $502 | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8654 | −0.108% | — | — | 150x | as long as short |
| Injective ETC/USDC PERPlong | +0.0033% | 1h | 8.8750 | long leg | $34 | $102K | 5.5x | |
| Hyperliquid ETC | +0.0100% | 1h | 8.8672 | −0.088% | $2.5M | $591K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8590 | −0.180% | $991K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8551 | −0.224% | $26.5M | $67.9M | 75x | as long as short |
| Bybit ETCUSDTshort | +0.0100% | 8h | 8.8570 | −0.203% | $12.9M | $7.7M | 75x | |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8610 | −0.158% | $8.6M | $17.1M | 50x | as long as short |
Kraken Futures PF_ETCUSD
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
gTrade (Gains Network) ETC/USD
Hyperliquid ETC
Aster ETCUSDT
Binance 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 | 8.8660 | −0.101% | $3.6M | $2.6M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8590 | −0.180% | $7.5M | $32.7M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8620 | −0.146% | $2.9M | $643K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8550 | −0.225% | $9.7M | $3.6M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.8610 | −0.158% | — | $20.7M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8634 | −0.131% | $124K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8610 | −0.158% | $179 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8590 | −0.180% | $120K | $291K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8610 | −0.158% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8555 | −0.220% | $15K | $96K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.8730 | −0.023% | $1.4M | $238K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.1048% | 1h | 8.9440 | +0.777% | $38K | $16K | 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
Extended ETC-USD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX