Funding you earn now, next payment 08:00 UTC+0.0244%/8h= +26.7% APRnext payment +$2.44 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Phemex+0.193%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$530.529% of the position
Funding, last 7 days+0.075%+$7 on $10k
+Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.193%, 7d avg +0.021%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.171% dearer against Phemex than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.021%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.075% in total (about 3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.44 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 | Phemex ETCUSDT | 8.8310 | 0.0100 | pay 0.0100% / 8h | 3h 59m | $2.0M | $2.8M | 50x |
| Short | BloFin ETC-USDT | 8.8480 | 0.0344 | get 0.0344% / 8h | 3h 59m | $1.4M | $283K | 50x |
Phemex ETCUSDT
BloFin ETC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $51.26
- Price spread: +0.193% → +0.021%
- $17.14
- Slippage, 4 orders
- −$28.92
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $15.48
- Costs to cover
- 0.529%
- Break-even
- 4.9 days
Slippage from Phemex: live order book, 5 min ago; BloFin: live order book, 4 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, 5 min ago | 1.13 bp | 14.3 bp −$14 | 56.2 bp −$562 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 0.57 bp | 16.5 bp −$16 | 24.4 bp −$244 | 60.8 bp −$6,083 | 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 | −0.0119% | 1h | 8.8349 | +0.044% | $1.9M | $681K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8368 | +0.065% | $9K | $71 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8310 | 0.000% | $500 | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8346 | +0.041% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.498% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8383 | +0.083% | $2.5M | $590K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8391 | +0.092% | $989K | $8K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8288 | −0.025% | $26.4M | $69.2M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8250 | −0.068% | $12.9M | $7.9M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8250 | −0.068% | $8.5M | $17.4M | 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
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 | 8.8340 | +0.034% | $3.6M | $2.6M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8290 | −0.023% | $7.1M | $33.0M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8370 | +0.068% | $2.9M | $650K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8225 | −0.096% | $9.7M | $3.7M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.8270 | −0.045% | — | $20.8M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8370 | +0.067% | $125K | $4K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8300 | −0.011% | $178 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8395 | +0.096% | $120K | $291K | 75x | as long as short |
| Phemex ETCUSDTlong | +0.0100% | 8h | 8.8310 | long leg | $2.0M | $2.8M | 50x | |
| Extended ETC-USD | +0.0104% | 1h | 8.8368 | +0.066% | $12K | $98K | 25x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0208% | 1h | 8.7360 | −1.076% | $33K | $21K | 50x | as long as short |
| BloFin ETC-USDTshort | +0.0344% | 8h | 8.8480 | +0.193% | $1.4M | $283K | 50x |
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