Funding you earn now, next payment 08:00 UTC−0.0269%/8h= −29.4% APRpaid last 24h −0.044%
Price spread now: Kraken Futures against Bitget+0.093%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$720.723% of the position
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.093%, 7d avg +0.025%
=The price spread pays, funding is against you. Kraken Futures is 0.068% dearer against Bitget than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of +0.025%): +$7 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.094% in total) that is about 5.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.094% in total (about -4.9% 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 | Bitget ETCUSDT | 8.7177 | 0.0100 | pay 0.0100% / 8h | 20m 05s | $9.6M | $4.0M | 75x |
| Short | Kraken Futures PF_ETCUSD | 8.7258 | −0.0169 | pay 0.0021% / 1h | 20m 05s | $1.9M | $730K | 50x |
Bitget ETCUSDT
Kraken Futures PF_ETCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- −$56.43
- Price spread: +0.093% → +0.025%
- $6.84
- Slippage, 4 orders
- −$50.27
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$121.86
- Costs to cover
- 0.723%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 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 Bitget live order book, 3 min ago | 2.29 bp | 12.8 bp −$13 | 17.3 bp −$173 | 81.9 bp −$8,188 | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 6.89 bp | 20.8 bp −$21 | 44.2 bp −$442 | 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 | −0.0169% | 1h | 8.7258 | +0.093% | $1.9M | $730K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.7054 | −0.141% | $9K | $25 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.7194 | +0.020% | — | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S 0.0000% | 1h | 8.7187 | +0.012% | $195 | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +1.804% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.7321 | +0.165% | $2.5M | $611K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.7157 | −0.022% | $975K | $8K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.7198 | +0.025% | $26.2M | $71.6M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.7200 | +0.026% | $13.0M | $8.8M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7250 | +0.084% | $8.5M | $17.7M | 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 | 8.7140 | −0.042% | $3.4M | $3.0M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.7200 | +0.026% | $6.8M | $33.1M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.7140 | −0.042% | $2.8M | $721K | 50x | as long as short |
| Bitget ETCUSDTlong | +0.0100% | 8h | 8.7177 | long leg | $9.6M | $4.0M | 75x | |
| BingX ETC-USDT | +0.0100% | 8h | 8.7190 | +0.015% | — | $23.2M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.6965 | −0.243% | $122K | $5K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7190 | +0.015% | $226 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7205 | +0.032% | $118K | $309K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.7180 | +0.003% | $1.9M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.7174 | −0.003% | $4K | $223K | 25x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0392% | 1h | 8.7950 | +0.887% | $33K | $22K | 50x | as long as short |
| BloFin ETC-USDT | +0.0400% | 8h | 8.7060 | −0.134% | $1.4M | $295K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
BingX ETC-USDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX
BloFin ETC-USDT