Funding you earn now, next payment 04:00 UTC+0.0325%/8h= +35.6% APRpaid last 24h +0.043%
Price spread now: Gate against Kraken Futures−0.044%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1111.111% of the position
Funding, last 7 days+0.015%+$1 on $10k
+Price spread, last 4 days (all we have)+0.397%+$40 · spread now −0.044%, 7d avg −0.032%
=The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.015% in total (about 0.8% 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 | 8.8459 | −0.0225 | get 0.0028% / 1h | 28m 37s | $1.9M | $682K | 50x |
| Short | Gate ETC_USDT | 8.8420 | 0.0100 | get 0.0100% / 8h | 4h 28m | $3.6M | $2.6M | 60x |
Kraken Futures PF_ETCUSD
Gate ETC_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $68.26
- Price spread: −0.044% → −0.032%
- −$1.21
- Slippage, 4 orders
- −$86.1
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$44.06
- Costs to cover
- 1.111%
- Break-even
- 11.5 days
Slippage from Kraken Futures: live order book, 5 min ago; Gate: live order book, 4 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 | 11.37 bp | 20.6 bp −$21 | 34.1 bp −$341 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 5.11 bp | 25.9 bp −$26 | 67.6 bp −$676 | 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 | −0.0225% | 1h | 8.8459 | long leg | $1.9M | $682K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.8402 | −0.064% | $9K | $71 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8467 | +0.009% | $501 | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8418 | −0.047% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.329% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8419 | −0.045% | $2.5M | $592K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8406 | −0.060% | $989K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8409 | −0.057% | $26.5M | $68.7M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8360 | −0.112% | $12.8M | $7.8M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8430 | −0.033% | $8.5M | $17.3M | 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
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_USDTshort | +0.0100% | 8h | 8.8420 | −0.044% | $3.6M | $2.6M | 60x | |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8430 | −0.033% | $7.2M | $33.0M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8450 | −0.010% | $2.9M | $644K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8437 | −0.025% | $9.8M | $3.7M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.8430 | −0.033% | — | $710K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8155 | −0.344% | $124K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8450 | −0.010% | $187 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8435 | −0.027% | $120K | $290K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8460 | +0.001% | $2.0M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8415 | −0.050% | $15K | $99K | 25x | as long as short |
| BloFin ETC-USDT | +0.0277% | 8h | 8.8420 | −0.044% | $1.4M | $283K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0800% | 1h | 8.7360 | −1.242% | $33K | $21K | 50x | as long as short |
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