Funding you earn now, next payment 01:00 UTC+0.0298%/8h= +32.7% APRnext payment +$0.37 per $10,000 · paid last 24h +0.053%
Price spread now: Extended against Kraken Futures−0.007%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$680.678% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 3 days (all we have)+0.070%+$7 · spread now −0.007%, 7d avg −0.035%
=Together, before fees+0.111%+ Points / potential airdropExtended: Active · farm board+$11 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 Extended is 0.028% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.035%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 per $10,000. 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 | 8.8844 | −0.0194 | get 0.0024% / 1h | 38m 52s | $2.0M | $719K | 50x |
| Short | Extended ETC-USD | 8.8838 | 0.0104 | get 0.0013% / 1h | 38m 52s | $12K | $181K | 25x |
Kraken Futures PF_ETCUSD
Extended ETC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $62.63
- Price spread: −0.007% → −0.035%
- $2.81
- Slippage, 4 orders
- −$52.83
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$2.39
- Costs to cover
- 0.678%
- Break-even
- 7.3 days
Slippage from Kraken Futures: live order book, 5 min ago; Extended: live order book, 33 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, 5 min ago | 6.18 bp | 22.6 bp −$23 | 44.5 bp −$445 | doesn't fit | doesn't fit |
| Sell Extended live order book, 33 min ago | 1.64 bp | 9.2 bp −$9 | 120.0 bp −$1,200 | doesn't fit | 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 | −0.0194% | 1h | 8.8844 | long leg | $2.0M | $719K | 50x | |
| Deribit ETC_USDC-PERPETUAL | −0.0009% | 1h | 8.8859 | +0.017% | $503 | $490 | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8981 | +0.154% | $9K | $46 | 10x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8947 | +0.116% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | −0.106% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8962 | +0.133% | $2.5M | $580K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8897 | +0.059% | $995K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8830 | −0.015% | $26.5M | $68.6M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8790 | −0.061% | $13.0M | $7.3M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8830 | −0.015% | $8.8M | $16.9M | 50x | as long as short |
Deribit ETC_USDC-PERPETUAL
dYdX ETC-USD
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
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 | 8.8940 | +0.108% | $3.6M | $2.5M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8820 | −0.027% | $7.7M | $32.4M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8900 | +0.063% | $2.9M | $709K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8873 | +0.033% | $9.9M | $3.8M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.8840 | −0.004% | — | $708K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8911 | +0.076% | $126K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8840 | −0.004% | $146 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8948 | +0.117% | $121K | $295K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8880 | +0.041% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USDshort | +0.0104% | 1h | 8.8838 | −0.007% | $12K | $181K | 25x | |
| BloFin ETC-USDT | +0.0220% | 8h | 8.8990 | +0.165% | $1.4M | $217K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0672% | 1h | 8.9470 | +0.705% | $35K | $14K | 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
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX