Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.032%
Price spread now: Deribit against Binance−0.039%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 0.039% cheaper against Binance than usual: you would sell low and buy high (−$4 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 | Binance ETCUSDT | 8.8290 | 0.0100 | pay 0.0100% / 8h | 6h 01m | $26.5M | $68.8M | 75x |
| Short | Deribit ETC_USDC-PERPETUAL | 8.8256 | 0 | get 0.0000% / 1h | 1m 46s | $500 | — | 50x |
Binance ETCUSDT
Deribit ETC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Binance. 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: −0.039% → 0.000%
- −$3.85
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$41.85
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 11 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 Binance live order book, 11 min ago | 0.57 bp | 9.0 bp −$9 | 22.1 bp −$221 | 90.4 bp −$9,042 | 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 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 | 8.8245 | −0.051% | $1.9M | $704K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8210 | −0.091% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUALshort | 0.0000% | 1h | 8.8256 | −0.039% | $500 | — | 50x | |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8280 | −0.012% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.521% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8370 | +0.091% | $2.5M | $589K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8193 | −0.110% | $987K | $11K | 10x | as long as short |
| Binance ETCUSDTlong | +0.0100% | 8h | 8.8290 | long leg | $26.5M | $68.8M | 75x | |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8200 | −0.102% | $12.9M | $7.7M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8240 | −0.057% | $8.6M | $17.1M | 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
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 | 8.8260 | −0.034% | $3.6M | $2.6M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8290 | 0.000% | $7.1M | $32.9M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8250 | −0.045% | $2.9M | $664K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8260 | −0.034% | $9.7M | $3.8M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.8270 | −0.023% | — | $20.8M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8120 | −0.193% | $124K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8260 | −0.034% | $164 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8265 | −0.028% | $119K | $301K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8230 | −0.068% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8261 | −0.033% | $14K | $94K | 25x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0616% | 1h | 8.9440 | +1.303% | $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
Phemex ETCUSDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX