Settings8H · net · $10k
Funding arb · Price arb /

ETC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0293%/8h= +32.1% APRpaid last 24h +0.049%
Price spread now: Aster against Kraken Futures+0.005%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$319as in the Funding arb table
Net, price: spread back to 7d avg − costs−$319as in the Price arb table
costs, in and out, $10k−$3233.233% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.044%+$4 on $10k
Price spread, last 3 days (all we have)+0.117%+$12 · spread now +0.005%, 7d avg −0.033%
Together, before fees+0.162%+ Points / potential airdropAster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Aster is 0.039% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.033%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.044% in total (about 2.3% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ETCUSD8.8544−0.0193get 0.0024% / 1h8m 55s$1.9M$721K50x
ShortAster ETCUSDT8.85480.0100get 0.0100% / 8h8m 55s$991K$11K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$61.58
Price spread: +0.005% → −0.033%
$3.87
Slippage, 4 orders
−$305.28
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Aster: 4 bp × 2 orders
−$8
Net
−$257.83
Costs to cover
3.233%
Break-even
36.3 days
Slippage from Kraken Futures: live order book, 5 min ago; Aster: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 5 min ago5.09 bp19.4 bp −$1941.0 bp −$410doesn't fitdoesn't fit
Sell Aster live order book, 4 min ago7.92 bp271.5 bp −$272doesn't fitdoesn't fitdoesn't fit

ETC on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ETC/USDC PERP−0.0293%1h8.8750+0.233%$34$102K5.5xas long as short
Kraken Futures PF_ETCUSDlong−0.0193%1h8.8544long leg$1.9M$721K50x
dYdX ETC-USD0.0000%1h8.8499−0.050%$9K$4610xas long as short
Deribit ETC_USDC-PERPETUAL0.0000%1h8.8589+0.051%$502$97850xas long as short
gTrade (Gains Network) ETC/USDL +0.0006% / S −0.0006%1h8.8604+0.068%150xas long as short
Hyperliquid ETC+0.0100%1h8.8661+0.133%$2.3M$442K5xas long as short
Aster ETCUSDTshort+0.0100%8h8.8548+0.005%$991K$11K10x
Binance ETCUSDT+0.0100%8h8.8563+0.022%$26.5M$69.0M75xas long as short
Bybit ETCUSDT+0.0100%8h8.8520−0.027%$13.0M$7.4M75xas long as short
OKX ETC-USDT-SWAP+0.0100%8h8.8550+0.007%$8.8M$16.9M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ETC_USDT+0.0100%8h8.8560+0.019%$3.6M$2.5M60xas long as short
MEXC ETC_USDT+0.0100%8h8.8570+0.030%$7.8M$32.4M200xas long as short
KuCoin ETCUSDTM+0.0100%8h8.8590+0.053%$2.9M$725K50xas long as short
Bitget ETCUSDT+0.0100%8h8.8576+0.037%$9.8M$3.8M75xas long as short
BingX ETC-USDT+0.0100%8h8.8560+0.019%$20.9Mas long as short
Variational Omni ETC+0.0100%8h8.8352−0.216%$125K$2Kas long as short
SoDEX ETC-USD+0.0100%1h8.8560+0.019%$142$5K5xas long as short
HTX ETC-USDT+0.0100%8h8.8550+0.007%$121K$299K75xas long as short
Phemex ETCUSDT+0.0100%8h8.8570+0.030%$2.0M$2.7M50xas long as short
Extended ETC-USD+0.0104%1h8.8567+0.027%$11K$191K25xas long as short
BloFin ETC-USDT+0.0220%8h8.8600+0.064%$1.4M$215K50xas long as short
Coinbase International ETC-PERP-INTX+0.0800%1h8.8490−0.060%$35K$13K50xas long as short