Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.028%
Price spread now: Deribit against Phemex−0.100%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.100% cheaper against Phemex than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ETCUSDT | 8.8030 | 0.0100 | pay 0.0100% / 8h | 5h 41m | $2.0M | $2.7M | 50x |
| Short | Deribit ETC_USDC-PERPETUAL | 8.7942 | 0 | get 0.0000% / 1h | 41m 11s | $498 | — | 50x |
Phemex ETCUSDT
Deribit ETC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$21
- Price spread: −0.100% → 0.000%
- −$10
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$50
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 2 min ago; Deribit: no order-book sample. Net counts fees only.
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, 2 min ago | 3.96 bp | 15.4 bp −$15 | 42.2 bp −$422 | doesn't fit | doesn't fit |
| Sell Deribit no order-book sample | — | — | — | — | — |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0010% | 1h | 8.7945 | −0.096% | $1.9M | $693K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8010 | −0.023% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUALshort | 0.0000% | 1h | 8.7942 | −0.100% | $498 | — | 50x | |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.7992 | −0.043% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.818% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8076 | +0.052% | $2.5M | $591K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8015 | −0.017% | $985K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.7970 | −0.068% | $26.3M | $68.0M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.7930 | −0.114% | $12.8M | $7.7M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7970 | −0.068% | $8.6M | $17.0M | 50x | as long as short |
Kraken Futures PF_ETCUSD
dYdX ETC-USD
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 | 8.8130 | +0.114% | $3.6M | $2.5M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.7990 | −0.045% | $7.4M | $32.7M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8020 | −0.011% | $2.9M | $644K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8017 | −0.015% | $9.7M | $3.6M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.8080 | +0.057% | — | $20.7M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7890 | −0.159% | $123K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7960 | −0.080% | $169 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7996 | −0.039% | $119K | $292K | 75x | as long as short |
| Phemex ETCUSDTlong | +0.0100% | 8h | 8.8030 | long leg | $2.0M | $2.7M | 50x | |
| Extended ETC-USD | +0.0104% | 1h | 8.7957 | −0.083% | $11K | $93K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.7940 | −0.102% | $1.4M | $192K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.1048% | 1h | 8.9440 | +1.602% | $38K | $16K | 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