Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Phemex+0.041%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$520.520% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 3 days (all we have)+0.129%+$13 · spread now +0.041%, 7d avg +0.013%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.028% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ETCUSDT | 8.8200 | 0.0100 | pay 0.0100% / 8h | 6h 30m | $2.0M | $2.7M | 50x |
| Short | Binance ETCUSDT | 8.8236 | 0.0100 | get 0.0100% / 8h | 6h 30m | $26.5M | $69.5M | 75x |
Phemex ETCUSDT
Binance ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- $0
- Price spread: +0.041% → +0.013%
- $2.84
- Slippage, 4 orders
- −$30.04
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$49.2
- Costs to cover
- 0.520%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; Binance: live order book, 12 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 Phemex live order book, 3 min ago | 3.97 bp | 15.3 bp −$15 | 50.3 bp −$503 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.57 bp | 11.9 bp −$12 | 26.4 bp −$264 | 83.6 bp −$8,363 | doesn't fit |
ETC on 21 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 | −0.0016% | 1h | 8.8185 | −0.017% | $1.9M | $709K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8237 | +0.042% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8218 | +0.020% | $500 | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8197 | −0.003% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.624% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8289 | +0.101% | $2.5M | $598K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8174 | −0.029% | $987K | $11K | 10x | as long as short |
| Binance ETCUSDTshort | +0.0100% | 8h | 8.8236 | +0.041% | $26.5M | $69.5M | 75x | |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8200 | 0.000% | $12.9M | $7.7M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8270 | +0.079% | $8.6M | $17.2M | 50x | as long as short |
Kraken Futures PF_ETCUSD
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
Hyperliquid ETC
Aster ETCUSDT
Bybit ETCUSDT
OKX ETC-USDT-SWAPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ETC_USDT | +0.0100% | 8h | 8.8230 | +0.034% | $3.6M | $2.6M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8210 | +0.011% | $7.1M | $32.7M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8230 | +0.034% | $2.9M | $692K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8234 | +0.039% | $9.7M | $4.0M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.8220 | +0.023% | — | $20.9M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8151 | −0.055% | $124K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8190 | −0.011% | $156 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8219 | +0.022% | $120K | $295K | 75x | as long as short |
| Phemex ETCUSDTlong | +0.0100% | 8h | 8.8200 | long leg | $2.0M | $2.7M | 50x | |
| Extended ETC-USD | +0.0104% | 1h | 8.8180 | −0.023% | $11K | $91K | 25x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0616% | 1h | 9.0540 | +2.653% | $39K | $17K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX