Funding you earn now, next payment 01:00 UTC−0.0294%/8h= −32.2% APRpaid last 24h −0.049%
Price spread now: Kraken Futures against Phemex+0.037%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$670.668% of the position
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 3 days (all we have)+0.049%+$5 · spread now +0.037%, 7d avg +0.021%
=The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.097% in total (about -5.0% 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 | Phemex ETCUSDT | 8.8860 | 0.0100 | pay 0.0100% / 8h | 7h 58m | $2.0M | $2.7M | 50x |
| Short | Kraken Futures PF_ETCUSD | 8.8893 | −0.0194 | pay 0.0024% / 1h | 58m 23s | $2.0M | $722K | 50x |
Phemex ETCUSDT
Kraken Futures PF_ETCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$61.77
- Price spread: +0.037% → +0.021%
- $1.66
- Slippage, 4 orders
- −$44.83
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$126.94
- Costs to cover
- 0.668%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Kraken Futures: 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 | 2.81 bp | 13.6 bp −$14 | 45.6 bp −$456 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ETCUSDshort | −0.0194% | 1h | 8.8893 | +0.037% | $2.0M | $722K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.8878 | +0.020% | $9K | $46 | 10x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8925 | +0.073% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | −0.124% | $34 | $102K | 5.5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8894 | +0.038% | $995K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8904 | +0.049% | $26.7M | $69.2M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8840 | −0.023% | $13.0M | $7.4M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8850 | −0.011% | $8.8M | $17.1M | 50x | as long as short |
| Gate ETC_USDT | +0.0100% | 8h | 8.8920 | +0.068% | $3.6M | $2.5M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8900 | +0.045% | $8.3M | $32.4M | 200x | as long as short |
dYdX ETC-USD
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
Aster ETCUSDT
Binance ETCUSDT
Bybit ETCUSDT
OKX ETC-USDT-SWAP
Gate ETC_USDT
MEXC ETC_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8930 | +0.079% | $2.9M | $730K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8909 | +0.055% | $9.9M | $3.8M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.8940 | +0.090% | — | $20.9M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8773 | −0.098% | $126K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8870 | +0.011% | $136 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8920 | +0.068% | $121K | $299K | 75x | as long as short |
| Phemex ETCUSDTlong | +0.0100% | 8h | 8.8860 | long leg | $2.0M | $2.7M | 50x | |
| Extended ETC-USD | +0.0104% | 1h | 8.8922 | +0.070% | $11K | $188K | 25x | as long as short |
| Deribit ETC_USDC-PERPETUAL | +0.0166% | 1h | 8.8903 | +0.048% | $504 | $978 | 50x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.8890 | +0.034% | $1.4M | $217K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0672% | 1h | 8.9040 | +0.203% | $35K | $13K | 50x | as long as short |
| Hyperliquid ETC | +0.0742% | 1h | 8.9022 | +0.182% | $2.5M | $541K | 5x | as long as short |
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Extended ETC-USD
Deribit ETC_USDC-PERPETUAL
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX
Hyperliquid ETC