Funding you earn now, next payment 03:00 UTC−0.0110%/8h= −12.1% APRpaid last 24h −0.054%
Price spread now: Kraken Futures against BingX+0.076%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$670.669% of the position
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 4 days (all we have)−0.952%−$95 · spread now +0.076%, 7d avg +0.021%
=The price spread pays, funding is against you. Kraken Futures is 0.055% dearer against BingX than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of +0.021%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 7 days (−0.097% in total) that is about 3.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ETC-USDC | 8.7740 | 0.0100 | pay 0.0100% / 8h | 5h 06m | — | $708K | — |
| Short | Kraken Futures PF_ETCUSD | 8.7806 | −0.0010 | pay 0.0001% / 1h | 6m 14s | $1.9M | $690K | 50x |
BingX ETC-USDC
Kraken Futures PF_ETCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- −$23.14
- Price spread: +0.076% → +0.021%
- $5.48
- Slippage, 4 orders
- −$46.9
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$84.56
- Costs to cover
- 0.669%
- Break-even
- never at this rate
Slippage from BingX: live order book, 52 min ago; Kraken Futures: live order book, 2 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 BingX live order book, 52 min ago | 1.70 bp | 14.7 bp −$15 | 57.0 bp −$570 | 274.9 bp −$27.5K | 912.1 bp −$456.0K |
| Sell Kraken Futures live order book, 2 min ago | 5.11 bp | 22.1 bp −$22 | 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 | −0.0010% | 1h | 8.7806 | +0.076% | $1.9M | $690K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.7782 | +0.048% | $9K | $71 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.7736 | −0.005% | $497 | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.7760 | +0.023% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +1.151% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.7843 | +0.117% | $2.5M | $594K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.7754 | +0.016% | $982K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.7820 | +0.091% | $26.2M | $68.3M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.7740 | 0.000% | $12.8M | $7.8M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7790 | +0.057% | $8.5M | $17.0M | 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
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 | 8.7770 | +0.034% | $3.6M | $2.6M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.7770 | +0.034% | $7.4M | $32.8M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.7740 | 0.000% | $2.9M | $645K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.7788 | +0.055% | $9.7M | $3.6M | 75x | as long as short |
| BingX ETC-USDClong | +0.0100% | 8h | 8.7740 | long leg | — | $708K | — | |
| Variational Omni ETC | +0.0100% | 8h | 8.8178 | +0.499% | $123K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7740 | 0.000% | $184 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7793 | +0.060% | $119K | $292K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.7810 | +0.080% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.7729 | −0.013% | $15K | $96K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.8000 | +0.296% | $1.4M | $246K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.1048% | 1h | 8.8490 | +0.855% | $35K | $20K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX