Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.019%
Price spread now: Phemex against Injective+1.308%65s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phemex is 1.308% dearer against Injective than usual: you sell high and buy low: +$131 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 65 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 | 8.7920 | 0.0033 | pay 0.0004% / 1h | 43m 41s | $33 | $77K | 5.5x |
| Short | Phemex ETCUSDT | 8.9070 | 0.0100 | get 0.0100% / 8h | 1h 43m | $2.0M | $2.6M | 50x |
Injective ETC/USDC PERP
Phemex ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: +1.308% → 0.000%
- $130.8
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $132.78
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Phemex: live order book, 5 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 Phemex live order book, 5 min ago | 2.82 bp | 16.2 bp −$16 | 49.4 bp −$494 | doesn't fit | 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 | −0.0214% | 1h | 8.9105 | +1.348% | $2.0M | $673K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.9154 | +1.404% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.9081 | +1.321% | $505 | $978 | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.9085 | +1.325% | — | — | 150x | as long as short |
| Injective ETC/USDC PERPlong | +0.0033% | 1h | 8.7920 | long leg | $33 | $77K | 5.5x | |
| Hyperliquid ETC | +0.0100% | 1h | 8.9200 | +1.456% | $2.3M | $416K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.9144 | +1.392% | $998K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.9128 | +1.373% | $26.5M | $67.5M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.9080 | +1.319% | $13.1M | $7.3M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.9070 | +1.308% | $8.8M | $16.5M | 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
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 | 8.9110 | +1.354% | $3.6M | $2.4M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.9100 | +1.342% | $7.5M | $32.1M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.9150 | +1.399% | $2.9M | $725K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.9170 | +1.422% | $9.9M | $3.7M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.9100 | +1.342% | — | $20.6M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8612 | +0.787% | $125K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.9070 | +1.308% | $127 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.9065 | +1.302% | $134K | $268K | 75x | as long as short |
| Phemex ETCUSDTshort | +0.0100% | 8h | 8.9070 | +1.308% | $2.0M | $2.6M | 50x | |
| Extended ETC-USD | +0.0104% | 1h | 8.9108 | +1.351% | $11K | $191K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.8760 | +0.955% | $1.4M | $218K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0536% | 1h | 8.9130 | +1.376% | $35K | $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
Extended ETC-USD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX