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Funding arb · Price arb /

ETC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0302%/8h= +33.1% APRpaid last 24h +0.045%
Price spread now: OKX against Kraken Futures−0.038%45s7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$780.781% of the position
Long on Kraken FuturesShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.021%+$2 on $10k
Price spread, last 4 days (all we have)+0.244%+$24 · spread now −0.038%, 7d avg −0.021%
Together, before fees+0.265%+$27 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ETCUSD8.7023−0.0202get 0.0025% / 1h36m 34s$1.9M$718K50x
ShortOKX ETC-USDT-SWAP8.69900.0100get 0.0100% / 8h2h 36m$8.3M$17.9M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$63.5
Price spread: −0.038% → −0.021%
−$1.64
Slippage, 4 orders
−$58.1
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$16.23
Costs to cover
0.781%
Break-even
8.8 days
Slippage from Kraken Futures: live order book, 2 min ago; OKX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 2 min ago8.05 bp21.0 bp −$2143.9 bp −$439doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago0.58 bp16.3 bp −$1644.4 bp −$444doesn't fitdoesn't fit

ETC on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International ETC-PERP-INTX−0.0456%1h8.7950+1.065%$33K$22K50xas long as short
Deribit ETC_USDC-PERPETUAL−0.0313%1h8.7014−0.010%——50xas long as short
Kraken Futures PF_ETCUSDlong−0.0202%1h8.7023long leg$1.9M$718K50x
dYdX ETC-USD0.0000%1h8.7028+0.006%$9K$2510xas long as short
gTrade (Gains Network) ETC/USDL +0.0006% / S −0.0006%1h8.7080+0.066%——150xas long as short
Injective ETC/USDC PERP+0.0033%1h8.8750+1.985%$34$102K5.5xas long as short
Hyperliquid ETC+0.0100%1h8.7082+0.068%$2.5M$618K5xas long as short
Aster ETCUSDT+0.0100%8h8.6938−0.098%$973K$8K10xas long as short
Binance ETCUSDT+0.0100%8h8.7020−0.003%$26.0M$71.8M75xas long as short
Bybit ETCUSDT+0.0100%8h8.6970−0.061%$12.9M$8.6M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETC-USDT-SWAPshort+0.0100%8h8.6990−0.038%$8.3M$17.9M50x
Gate ETC_USDT+0.0100%8h8.6980−0.049%$3.4M$2.9M60xas long as short
MEXC ETC_USDT+0.0100%8h8.7010−0.015%$6.6M$33.1M200xas long as short
KuCoin ETCUSDTM+0.0100%8h8.7050+0.031%$2.8M$702K50xas long as short
Bitget ETCUSDT+0.0100%8h8.7030+0.008%$9.6M$3.9M75xas long as short
BingX ETC-USDC+0.0100%8h8.7000−0.026%—$707K—as long as short
Variational Omni ETC+0.0100%8h8.6691−0.382%$122K$5K—as long as short
SoDEX ETC-USD+0.0100%1h8.7040+0.020%$181$5K5xas long as short
HTX ETC-USDT+0.0100%8h8.7051+0.032%$117K$303K75xas long as short
Phemex ETCUSDT+0.0100%8h8.7040+0.020%$2.0M$2.8M50xas long as short
Extended ETC-USD+0.0104%1h8.6997−0.029%$11K$94K25xas long as short
BloFin ETC-USDT+0.0400%8h8.6950−0.084%$1.4M$291K50xas long as short