Settings8H · net · $10k
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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−0.0301%/8h= −32.9% APRpaid last 24h −0.045%
Price spread now: Kraken Futures against KuCoin+0.041%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$950.954% of the position
Long on KuCoinShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days−0.054%−$5 on $10k
Price spread, last 4 days (all we have)−0.277%−$28 · spread now +0.041%, 7d avg +0.026%
Together, before fees−0.332%−$33 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: −$9 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 -0.054% in total (about -2.8% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ETCUSDTM8.78000.0100pay 0.0100% / 8h2h 52m$2.8M$667K50x
ShortKraken Futures PF_ETCUSD8.7836−0.0201pay 0.0025% / 1h52m 01s$1.9M$700K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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
−$63.11
Price spread: +0.041% → +0.026%
$1.55
Slippage, 4 orders
−$73.36
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$156.92
Costs to cover
0.954%
Break-even
never at this rate
Slippage from KuCoin: live order book, 10 min ago; Kraken Futures: live order book, 1 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 KuCoin live order book, 10 min ago7.43 bp27.3 bp −$2786.0 bp −$860doesn't fitdoesn't fit
Sell Kraken Futures live order book, 1 min ago4.56 bp23.2 bp −$23311.1 bp −$3,111doesn'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%1h8.78000.000%$33K$22K50xas long as short
Kraken Futures PF_ETCUSDshort−0.0201%1h8.7836+0.041%$1.9M$700K50x
Deribit ETC_USDC-PERPETUAL0.0000%1h8.7849+0.056%——50xas long as short
dYdX ETC-USD0.0000%1h8.7744−0.064%$9K$3210xas long as short
gTrade (Gains Network) ETC/USDL +0.0006% / S −0.0006%1h8.7854+0.061%——150xas long as short
Injective ETC/USDC PERP+0.0033%1h8.8750+1.082%$34$102K5.5xas long as short
Hyperliquid ETC+0.0100%1h8.7858+0.066%$2.5M$608K5xas long as short
Aster ETCUSDT+0.0100%8h8.7768−0.037%$982K$8K10xas long as short
Binance ETCUSDT+0.0100%8h8.7809+0.011%$26.3M$70.4M75xas long as short
Bybit ETCUSDT+0.0100%8h8.7720−0.091%$12.8M$8.1M75xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETC-USDT-SWAP+0.0100%8h8.7750−0.057%$8.4M$17.6M50xas long as short
Gate ETC_USDT+0.0100%8h8.78000.000%$3.5M$2.9M60xas long as short
MEXC ETC_USDT+0.0100%8h8.7820+0.023%$6.7M$33.1M200xas long as short
KuCoin ETCUSDTMlong+0.0100%8h8.7800long leg$2.8M$667K50x
Bitget ETCUSDT+0.0100%8h8.7770−0.034%$9.6M$3.8M75xas long as short
BingX ETC-USDT+0.0100%8h8.7770−0.034%—$20.8M—as long as short
Variational Omni ETC+0.0100%8h8.7850+0.057%$124K$4K—as long as short
SoDEX ETC-USD+0.0100%1h8.7840+0.046%$174$5K5xas long as short
HTX ETC-USDT+0.0100%8h8.7805+0.006%$119K$295K75xas long as short
Phemex ETCUSDT+0.0100%8h8.7820+0.023%$2.0M$2.8M50xas long as short
Extended ETC-USD+0.0104%1h8.7803+0.003%$11K$96K25xas long as short
BloFin ETC-USDT+0.0345%8h8.7720−0.091%$1.4M$281K50xas long as short