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: Bybit against Phemex−0.080%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$590.589% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)+1.065%+$106 · spread now −0.080%, 7d avg −0.033%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.046% cheaper against Phemex than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ETCUSDT | 8.7820 | 0.0100 | pay 0.0100% / 8h | 4h 53m | $2.0M | $2.7M | 50x |
| Short | Bybit ETCUSDT | 8.7750 | 0.0100 | get 0.0100% / 8h | 4h 53m | $12.8M | $7.7M | 75x |
Phemex ETCUSDT
Bybit ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.080% → −0.033%
- −$4.65
- Slippage, 4 orders
- −$35.9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$63.55
- Costs to cover
- 0.589%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Bybit: live order book, 5 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 | 2.85 bp | 15.8 bp −$16 | 62.1 bp −$621 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.71 bp | 11.8 bp −$12 | 40.5 bp −$405 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ETCUSD | −0.0227% | 1h | 8.7839 | +0.022% | $1.9M | $685K | 50x | as long as short |
| Deribit ETC_USDC-PERPETUAL | −0.0012% | 1h | 8.7818 | −0.002% | $497 | — | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.7808 | −0.013% | $9K | $71 | 10x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.7787 | −0.037% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +1.059% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.7880 | +0.068% | $2.5M | $592K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.7752 | −0.077% | $982K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.7817 | −0.004% | $26.3M | $68.4M | 75x | as long as short |
| Bybit ETCUSDTshort | +0.0100% | 8h | 8.7750 | −0.080% | $12.8M | $7.7M | 75x | |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7820 | 0.000% | $8.5M | $17.1M | 50x | as long as short |
Kraken Futures PF_ETCUSD
Deribit ETC_USDC-PERPETUAL
dYdX ETC-USD
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
Hyperliquid ETC
Aster ETCUSDT
Binance 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 | 8.7790 | −0.034% | $3.6M | $2.5M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.7780 | −0.046% | $7.3M | $32.8M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.7780 | −0.046% | $2.9M | $640K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.7770 | −0.057% | $9.7M | $3.6M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.7800 | −0.023% | — | $20.7M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8055 | +0.268% | $123K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7820 | 0.000% | $188 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7668 | −0.173% | $119K | $292K | 75x | as long as short |
| Phemex ETCUSDTlong | +0.0100% | 8h | 8.7820 | long leg | $2.0M | $2.7M | 50x | |
| Extended ETC-USD | +0.0104% | 1h | 8.7793 | −0.030% | $15K | $92K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.7850 | +0.034% | $1.4M | $245K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0800% | 1h | 8.8490 | +0.763% | $35K | $20K | 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
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX