Funding you earn now, next payment 04:00 UTC−0.0326%/8h= −35.7% APRpaid last 24h −0.050%
Price spread now: Kraken Futures against Binance+0.009%54s7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$630.633% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 4 days (all we have)−0.403%−$40 · spread now +0.009%, 7d avg +0.008%
=The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.4% 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 | Binance ETCUSDT | 8.8063 | 0.0100 | pay 0.0100% / 8h | 4h 15m | $26.3M | $69.1M | 75x |
| Short | Kraken Futures PF_ETCUSD | 8.8071 | −0.0226 | pay 0.0028% / 1h | 15m 19s | $1.9M | $683K | 50x |
Binance ETCUSDT
Kraken Futures PF_ETCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$68.47
- Price spread: +0.009% → +0.008%
- $0.13
- Slippage, 4 orders
- −$43.34
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$131.69
- Costs to cover
- 0.633%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Kraken Futures: live order book, 3 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 Binance live order book, 12 min ago | 0.56 bp | 8.2 bp −$8 | 14.6 bp −$146 | 80.1 bp −$8,008 | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 4.55 bp | 18.7 bp −$19 | doesn't fit | 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 | −0.0226% | 1h | 8.8071 | +0.009% | $1.9M | $683K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.8015 | −0.054% | $9K | $71 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8073 | +0.011% | $499 | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8067 | +0.005% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.780% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8150 | +0.099% | $2.5M | $592K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.7997 | −0.075% | $985K | $8K | 10x | as long as short |
| Binance ETCUSDTlong | +0.0100% | 8h | 8.8063 | long leg | $26.3M | $69.1M | 75x | |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8010 | −0.060% | $12.8M | $7.8M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8080 | +0.019% | $8.5M | $17.3M | 50x | as long as short |
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
Hyperliquid ETC
Aster 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 | 8.8090 | +0.031% | $3.6M | $2.6M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8050 | −0.015% | $7.1M | $33.0M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8070 | +0.008% | $2.9M | $650K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8079 | +0.018% | $9.7M | $3.7M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.8080 | +0.019% | — | $20.8M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7950 | −0.129% | $123K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8050 | −0.015% | $187 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8083 | +0.023% | $119K | $291K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8070 | +0.008% | $2.0M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8018 | −0.051% | $14K | $96K | 25x | as long as short |
| BloFin ETC-USDT | +0.0345% | 8h | 8.8070 | +0.008% | $1.4M | $282K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0800% | 1h | 8.7360 | −0.798% | $33K | $21K | 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
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX