Funding you earn now, next payment 00:00 UTC−0.0292%/8h= −32.0% APRpaid last 24h −0.049%
Price spread now: Kraken Futures against OKX+0.076%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$610.607% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 3 days (all we have)−0.283%−$28 · spread now +0.076%, 7d avg +0.030%
=The price spread pays, funding is against you. Kraken Futures is 0.047% dearer against OKX than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of +0.030%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.013% in total) that is about 26 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.013% in total (about -0.7% 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 | OKX ETC-USDT-SWAP | 8.8910 | 0.0100 | pay 0.0100% / 8h | 0m 55s | $8.8M | $17.0M | 50x |
| Short | Kraken Futures PF_ETCUSD | 8.8978 | −0.0192 | pay 0.0024% / 1h | 0m 55s | $2.0M | $722K | 50x |
OKX ETC-USDT-SWAP
Kraken Futures PF_ETCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$61.38
- Price spread: +0.076% → +0.030%
- $4.66
- Slippage, 4 orders
- −$40.73
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$117.44
- Costs to cover
- 0.607%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Kraken Futures: live order book, 3 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 OKX live order book, 2 min ago | 0.56 bp | 10.9 bp −$11 | 35.7 bp −$357 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 4.50 bp | 18.4 bp −$18 | 40.2 bp −$402 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ETC/USDC PERP | −0.0293% | 1h | 8.8750 | −0.180% | $34 | $102K | 5.5x | as long as short |
| Kraken Futures PF_ETCUSDshort | −0.0192% | 1h | 8.8978 | +0.076% | $2.0M | $722K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.8878 | −0.036% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8950 | +0.045% | $504 | $978 | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8885 | −0.028% | — | — | 150x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.9058 | +0.166% | $2.5M | $534K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8917 | +0.008% | $995K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8964 | +0.061% | $26.7M | $69.2M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8870 | −0.045% | $13.0M | $7.4M | 75x | as long as short |
| OKX ETC-USDT-SWAPlong | +0.0100% | 8h | 8.8910 | long leg | $8.8M | $17.0M | 50x |
Injective ETC/USDC PERP
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
gTrade (Gains Network) ETC/USD
Hyperliquid ETC
Aster ETCUSDT
Binance ETCUSDT
Bybit ETCUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ETC_USDT | +0.0100% | 8h | 8.8940 | +0.034% | $3.6M | $2.6M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8960 | +0.056% | $8.1M | $32.4M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8980 | +0.079% | $2.9M | $729K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8955 | +0.051% | $9.9M | $3.8M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.8930 | +0.022% | — | $708K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8773 | −0.154% | $126K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8950 | +0.045% | $139 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8913 | +0.003% | $121K | $299K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8920 | +0.011% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8950 | +0.045% | $11K | $191K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.8910 | 0.000% | $1.4M | $217K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0800% | 1h | 8.9040 | +0.146% | $35K | $13K | 50x | as long as short |
Gate ETC_USDT
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