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: Phemex against Binance+0.045%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$520.519% of the position
Funding, last 7 days+0.054%+$5 on $10k
+Price spread, last 4 days (all we have)−0.391%−$39 · spread now +0.045%, 7d avg −0.014%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.059% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ETCUSDT | 8.8320 | 0.0100 | pay 0.0100% / 8h | 3h 25m | $26.4M | $69.8M | 75x |
| Short | Phemex ETCUSDT | 8.8360 | 0.0100 | get 0.0100% / 8h | 3h 25m | $2.0M | $2.8M | 50x |
Binance ETCUSDT
Phemex ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.045% → −0.014%
- $5.92
- Slippage, 4 orders
- −$29.92
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$46.01
- Costs to cover
- 0.519%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; Phemex: 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, 2 min ago | 0.56 bp | 8.7 bp −$9 | 18.7 bp −$187 | 81.3 bp −$8,131 | doesn't fit |
| Sell Phemex live order book, 3 min ago | 3.39 bp | 15.6 bp −$16 | 55.0 bp −$550 | 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 | −0.0119% | 1h | 8.8283 | −0.042% | $1.9M | $691K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8328 | +0.009% | $9K | $71 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8332 | +0.014% | — | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8375 | +0.062% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.487% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8425 | +0.119% | $2.5M | $611K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8206 | −0.129% | $987K | $8K | 10x | as long as short |
| Binance ETCUSDTlong | +0.0100% | 8h | 8.8320 | long leg | $26.4M | $69.8M | 75x | |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8250 | −0.079% | $12.9M | $8.1M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8310 | −0.011% | $8.5M | $17.6M | 50x | as long as short |
Kraken Futures PF_ETCUSD
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 | 8.8330 | +0.011% | $3.6M | $2.7M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8310 | −0.011% | $7.0M | $33.1M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8370 | +0.057% | $2.8M | $660K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8310 | −0.011% | $9.7M | $3.7M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.8270 | −0.057% | — | $711K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8249 | −0.081% | $125K | $4K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8300 | −0.023% | $167 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8422 | +0.115% | $120K | $293K | 75x | as long as short |
| Phemex ETCUSDTshort | +0.0100% | 8h | 8.8360 | +0.045% | $2.0M | $2.8M | 50x | |
| Extended ETC-USD | +0.0104% | 1h | 8.8294 | −0.029% | $12K | $93K | 25x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0208% | 1h | 8.7360 | −1.087% | $33K | $21K | 50x | as long as short |
| BloFin ETC-USDT | +0.0345% | 8h | 8.8520 | +0.226% | $1.4M | $283K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDC
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX
BloFin ETC-USDT