Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.023%
Price spread now: Injective against KuCoin+1.013%85s7-day average −0.277% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 4 days (all we have)−1.602%−$160 · spread now +1.013%, 7d avg −0.277%
=The price spread pays, funding is against you. Injective is 1.290% dearer against KuCoin than usual: you sell high and buy low (spread +1.013% now, against its 7-day average of −0.277%): +$129 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ETCUSDTM | 8.7860 | 0.0100 | pay 0.0100% / 8h | 3h 09m | $2.8M | $664K | 50x |
| Short | Injective ETC/USDC PERP | 8.8750 | 0.0033 | get 0.0004% / 1h | 9m 40s | $34 | $102K | 5.5x |
KuCoin ETCUSDTM
Injective ETC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: +1.013% → −0.277%
- $128.97
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $102.95
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: KuCoin: live order book, 2 min ago; Injective: no order-book sample. Net counts fees only.
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 | 7.39 bp | 32.0 bp −$32 | 83.9 bp −$839 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETC_USDC-PERPETUAL | −0.0171% | 1h | 8.7924 | +0.073% | — | — | 50x | as long as short |
| Kraken Futures PF_ETCUSD | −0.0119% | 1h | 8.7918 | +0.067% | $1.9M | $702K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.7924 | +0.073% | $9K | $71 | 10x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.7965 | +0.120% | — | — | 150x | as long as short |
| Injective ETC/USDC PERPshort | +0.0033% | 1h | 8.8750 | +1.013% | $34 | $102K | 5.5x | |
| Hyperliquid ETC | +0.0100% | 1h | 8.7965 | +0.120% | $2.5M | $613K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.7870 | +0.011% | $983K | $8K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.7900 | +0.045% | $26.2M | $70.0M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.7840 | −0.023% | $12.8M | $8.1M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7880 | +0.023% | $8.5M | $17.6M | 50x | as long as short |
Deribit ETC_USDC-PERPETUAL
Kraken Futures PF_ETCUSD
dYdX ETC-USD
gTrade (Gains Network) ETC/USD
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 | 8.7890 | +0.034% | $3.5M | $2.9M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.7900 | +0.046% | $6.9M | $33.1M | 200x | as long as short |
| KuCoin ETCUSDTMlong | +0.0100% | 8h | 8.7860 | long leg | $2.8M | $664K | 50x | |
| Bitget ETCUSDT | +0.0100% | 8h | 8.7904 | +0.050% | $9.7M | $3.7M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.7870 | +0.011% | — | $20.8M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7849 | −0.013% | $124K | $4K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7920 | +0.068% | $179 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7888 | +0.032% | $119K | $294K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.7910 | +0.057% | $2.0M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.7875 | +0.017% | $12K | $93K | 25x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0208% | 1h | 8.7360 | −0.569% | $33K | $21K | 50x | as long as short |
| BloFin ETC-USDT | +0.0345% | 8h | 8.7990 | +0.148% | $1.4M | $282K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
Bitget ETCUSDT
BingX ETC-USDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX
BloFin ETC-USDT