Funding you earn now, next payment 08:00 UTC+0.0246%/8h= +26.9% APRnext payment +$2.46 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against KuCoin−0.183%65s7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as 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−$730.732% of the position
Funding, last 7 days+0.123%+$12 on $10k
+Price spread, last 4 days (all we have)−0.166%−$17 · spread now −0.183%, 7d avg +0.029%
=Funding pays, the price is against you. BloFin is 0.211% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.183% now, against its 7-day average of +0.029%). If the spread goes back, that is −$21 on $10k: about 2.9 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.123% in total) that is about 12 days. The two prices were read 65 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 0.123% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.46 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 | KuCoin ETCUSDTM | 8.7670 | 0.0100 | pay 0.0100% / 8h | 3h 00m | $2.8M | $667K | 50x |
| Short | BloFin ETC-USDT | 8.7510 | 0.0346 | get 0.0346% / 8h | 3h 00m | $1.4M | $280K | 50x |
KuCoin ETCUSDTM
BloFin ETC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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
- $51.68
- Price spread: −0.183% → +0.029%
- −$21.13
- Slippage, 4 orders
- −$49.18
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$42.63
- Costs to cover
- 0.732%
- Break-even
- 12.8 days
Slippage from KuCoin: live order book, 2 min ago; BloFin: live order book, 2 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 KuCoin live order book, 2 min ago | 7.43 bp | 27.3 bp −$27 | 86.0 bp −$860 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 2.86 bp | 9.0 bp −$9 | 13.9 bp −$139 | 44.8 bp −$4,484 | 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_ETCUSD | −0.0120% | 1h | 8.7647 | −0.026% | $1.9M | $704K | 50x | as long as short |
| Deribit ETC_USDC-PERPETUAL | −0.0069% | 1h | 8.7711 | +0.047% | — | — | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.7656 | −0.016% | $9K | $49 | 10x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.7678 | +0.009% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +1.232% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.7763 | +0.106% | $2.5M | $613K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.7644 | −0.030% | $981K | $8K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.7689 | +0.022% | $26.2M | $70.2M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.7630 | −0.046% | $12.8M | $8.1M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7660 | −0.011% | $8.4M | $17.6M | 50x | as long as short |
Kraken Futures PF_ETCUSD
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 | 8.7620 | −0.057% | $3.5M | $2.9M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.7680 | +0.011% | $6.9M | $33.2M | 200x | as long as short |
| KuCoin ETCUSDTMlong | +0.0100% | 8h | 8.7670 | long leg | $2.8M | $667K | 50x | |
| Bitget ETCUSDT | +0.0100% | 8h | 8.7656 | −0.016% | $9.6M | $3.8M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.7640 | −0.034% | — | $709K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7530 | −0.160% | $124K | $4K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7680 | +0.011% | $171 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7590 | −0.091% | $119K | $295K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.7650 | −0.023% | $2.0M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.7668 | −0.003% | $12K | $93K | 25x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0208% | 1h | 8.7800 | +0.148% | $33K | $22K | 50x | as long as short |
| BloFin ETC-USDTshort | +0.0346% | 8h | 8.7510 | −0.183% | $1.4M | $280K | 50x |
Gate ETC_USDT
MEXC ETC_USDT
Bitget ETCUSDT
BingX ETC-USDC
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX