Funding you earn now, next payment 04:00 UTC+0.0569%/8h= +62.3% APRpaid last 24h +0.086%
Price spread now: BloFin against Kraken Futures−0.083%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$660.655% of the position
Funding, last 7 days+0.174%+$17 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.083%, 7d avg +0.001%
=Funding pays, the price is against you. BloFin is 0.084% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of +0.001%). If the spread goes back, that is −$8 on $10k: about 12 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.174% in total) that is about 3.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.174% in total (about 9.1% 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 | 8.8383 | −0.0225 | get 0.0028% / 1h | 25m 02s | $1.9M | $681K | 50x |
| Short | BloFin ETC-USDT | 8.8310 | 0.0344 | get 0.0344% / 8h | 4h 25m | $1.4M | $283K | 50x |
Kraken Futures PF_ETCUSD
BloFin ETC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $119.57
- Price spread: −0.083% → +0.001%
- −$8.4
- Slippage, 4 orders
- −$43.53
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $45.64
- Costs to cover
- 0.655%
- Break-even
- 4.3 days
Slippage from Kraken Futures: live order book, 3 min ago; BloFin: live order book, 8 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, 3 min ago | 10.19 bp | 24.6 bp −$25 | 49.7 bp −$497 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 8 min ago | 0.57 bp | 8.6 bp −$9 | 20.7 bp −$207 | 65.1 bp −$6,507 | 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 | 8.8383 | long leg | $1.9M | $681K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.8349 | −0.039% | $9K | $71 | 10x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8322 | −0.069% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.415% | $34 | $102K | 5.5x | as long as short |
| Deribit ETC_USDC-PERPETUAL | +0.0044% | 1h | 8.8388 | +0.006% | $501 | — | 50x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8284 | −0.112% | $2.5M | $592K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8193 | −0.215% | $987K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8251 | −0.150% | $26.4M | $68.8M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8130 | −0.286% | $12.8M | $7.8M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8240 | −0.162% | $8.5M | $17.3M | 50x | as long as short |
dYdX ETC-USD
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
Deribit ETC_USDC-PERPETUAL
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 | 8.8240 | −0.162% | $3.6M | $2.6M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8220 | −0.184% | $7.2M | $33.0M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8220 | −0.184% | $2.9M | $644K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8204 | −0.203% | $9.7M | $3.7M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.8220 | −0.184% | — | $20.8M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8254 | −0.146% | $124K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8360 | −0.026% | $190 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8415 | +0.036% | $120K | $290K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8310 | −0.083% | $2.0M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8209 | −0.197% | $15K | $99K | 25x | as long as short |
| BloFin ETC-USDTshort | +0.0344% | 8h | 8.8310 | −0.083% | $1.4M | $283K | 50x | |
| Coinbase International ETC-PERP-INTX | +0.0800% | 1h | 8.7360 | −1.158% | $33K | $21K | 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
Coinbase International ETC-PERP-INTX