Funding you earn now, next payment 06:00 UTC+0.0303%/8h= +33.1% APRpaid last 24h +0.045%
Price spread now: BingX against Kraken Futures−0.283%7-day average −0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$780.777% of the position
Funding, last 7 days+0.099%+$10 on $10k
+Price spread, last 4 days (all we have)+0.527%+$53 · spread now −0.283%, 7d avg −0.020%
=Funding pays, the price is against you. BingX is 0.263% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.283% now, against its 7-day average of −0.020%). If the spread goes back, that is −$26 on $10k: about 2.9 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.099% in total) that is about 19 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.099% in total (about 5.2% 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 | 8.6956 | −0.0203 | get 0.0025% / 1h | 38m 12s | $1.9M | $718K | 50x |
| Short | BingX ETC-USDC | 8.6710 | 0.0100 | get 0.0100% / 8h | 2h 38m | — | $707K | — |
Kraken Futures PF_ETCUSD
BingX ETC-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $63.53
- Price spread: −0.283% → −0.020%
- −$26.33
- Slippage, 4 orders
- −$57.71
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$40.51
- Costs to cover
- 0.777%
- Break-even
- 11.5 days
Slippage from Kraken Futures: live order book, just now; BingX: live order book, 50 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, just now | 8.05 bp | 21.0 bp −$21 | 43.9 bp −$439 | doesn't fit | doesn't fit |
| Sell BingX live order book, 50 min ago | 1.70 bp | 7.8 bp −$8 | 57.6 bp −$576 | 848.0 bp −$84.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ETC-PERP-INTX | −0.0456% | 1h | 8.7950 | +1.143% | $33K | $22K | 50x | as long as short |
| Kraken Futures PF_ETCUSDlong | −0.0203% | 1h | 8.6956 | long leg | $1.9M | $718K | 50x | |
| Deribit ETC_USDC-PERPETUAL | −0.0003% | 1h | 8.6958 | +0.002% | — | — | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.6674 | −0.324% | $9K | $25 | 10x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.6720 | −0.271% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +2.063% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.6801 | −0.178% | $2.4M | $614K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.6773 | −0.210% | $971K | $8K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.6859 | −0.112% | $26.0M | $71.7M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.6820 | −0.156% | $12.9M | $8.6M | 75x | as long as short |
Coinbase International ETC-PERP-INTX
Deribit ETC_USDC-PERPETUAL
dYdX ETC-USD
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
Hyperliquid ETC
Aster ETCUSDT
Binance ETCUSDT
Bybit ETCUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.6860 | −0.110% | $8.3M | $17.8M | 50x | as long as short |
| Gate ETC_USDT | +0.0100% | 8h | 8.6670 | −0.329% | $3.4M | $2.9M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.6750 | −0.237% | $6.4M | $33.1M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.6650 | −0.352% | $2.8M | $651K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.6931 | −0.029% | $9.6M | $3.9M | 75x | as long as short |
| BingX ETC-USDCshort | +0.0100% | 8h | 8.6710 | −0.283% | — | $707K | — | |
| Variational Omni ETC | +0.0100% | 8h | 8.6691 | −0.305% | $122K | $5K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.6900 | −0.064% | $178 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.6665 | −0.335% | $117K | $300K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.6880 | −0.087% | $2.0M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.6781 | −0.202% | $11K | $94K | 25x | as long as short |
| BloFin ETC-USDT | +0.0387% | 8h | 8.6590 | −0.421% | $1.4M | $290K | 50x | as long as short |
OKX ETC-USDT-SWAP
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
BloFin ETC-USDT