Funding you earn now, next payment 04:00 UTC+0.0325%/8h= +35.6% APRpaid last 24h +0.050%
Price spread now: Binance against Kraken Futures−0.037%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$750.754% of the position
Funding, last 7 days+0.045%+$5 on $10k
+Price spread, last 4 days (all we have)+0.430%+$43 · spread now −0.037%, 7d avg −0.008%
=Funding pays, the price is against you. Binance is 0.029% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of −0.008%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.045% in total) that is about 4.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.045% in total (about 2.4% 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 | Kraken Futures PF_ETCUSD | 8.8352 | −0.0225 | get 0.0028% / 1h | 1m 51s | $1.9M | $681K | 50x |
| Short | Binance ETCUSDT | 8.8320 | 0.0100 | get 0.0100% / 8h | 4h 01m | $26.4M | $69.2M | 75x |
Kraken Futures PF_ETCUSD
Binance ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $68.32
- Price spread: −0.037% → −0.008%
- −$2.89
- Slippage, 4 orders
- −$55.44
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$10.01
- Costs to cover
- 0.754%
- Break-even
- 8.0 days
Slippage from Kraken Futures: live order book, 2 min ago; Binance: live order book, 11 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 Kraken Futures live order book, 2 min ago | 6.80 bp | 27.5 bp −$27 | 56.4 bp −$564 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.57 bp | 11.5 bp −$12 | 26.2 bp −$262 | 85.4 bp −$8,544 | 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_ETCUSDlong | −0.0225% | 1h | 8.8352 | long leg | $1.9M | $681K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.8259 | −0.106% | $9K | $71 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8323 | −0.033% | $500 | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8262 | −0.102% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.450% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8435 | +0.093% | $2.5M | $590K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8239 | −0.128% | $987K | $8K | 10x | as long as short |
| Binance ETCUSDTshort | +0.0100% | 8h | 8.8320 | −0.037% | $26.4M | $69.2M | 75x | |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8300 | −0.059% | $12.9M | $7.9M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8390 | +0.043% | $8.5M | $17.4M | 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
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 | 8.8300 | −0.059% | $3.6M | $2.6M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8230 | −0.139% | $7.1M | $33.0M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8220 | −0.150% | $2.9M | $650K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8332 | −0.023% | $9.8M | $3.7M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.8270 | −0.093% | — | $710K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7950 | −0.456% | $124K | $4K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8320 | −0.037% | $174 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8245 | −0.122% | $119K | $291K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8310 | −0.048% | $2.0M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8222 | −0.147% | $15K | $96K | 25x | as long as short |
| BloFin ETC-USDT | +0.0344% | 8h | 8.8250 | −0.116% | $1.4M | $282K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0800% | 1h | 8.7360 | −1.123% | $33K | $21K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDC
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX