Funding you earn now, next payment 16:00 UTC−0.0300%/8h= −32.8% APRnext payment −$3.00 per $10,000 · paid last 24h −0.054%
Price spread now: Bybit against BloFin−0.249%62s7-day average −0.055% · you buy dearer than you sell
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−$530.527% of the position
Funding, last 7 days−0.156%−$16 on $10k
+Price spread, last 4 days (all we have)+1.160%+$116 · spread now −0.249%, 7d avg −0.055%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.194% cheaper against BloFin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.055%). Swap the legs. The two prices were read 62 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 -0.156% in total (about -8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.00 per $10,000. 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 | BloFin ETC-USDT | 8.8480 | 0.0400 | pay 0.0400% / 8h | 7h 00m | $1.4M | $299K | 50x |
| Short | Bybit ETCUSDT | 8.8260 | 0.0100 | get 0.0100% / 8h | 7h 00m | $13.2M | $8.9M | 75x |
BloFin ETC-USDT
Bybit ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$63
- Price spread: −0.249% → −0.055%
- −$19.36
- Slippage, 4 orders
- −$29.66
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$135.02
- Costs to cover
- 0.527%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Bybit: 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 BloFin live order book, 2 min ago | 2.26 bp | 13.5 bp −$13 | 19.7 bp −$197 | 55.8 bp −$5,584 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.13 bp | 14.3 bp −$14 | 37.6 bp −$376 | 183.4 bp −$18.3K | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ETC-USD | 0.0000% | 1h | 8.8324 | −0.176% | $9K | $25 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8353 | −0.144% | — | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S 0.0000% | 1h | 8.8350 | −0.147% | $198 | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.305% | $34 | $102K | 5.5x | as long as short |
| Kraken Futures PF_ETCUSD | +0.0069% | 1h | 8.8370 | −0.124% | $1.9M | $714K | 50x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8448 | −0.036% | $2.5M | $549K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8305 | −0.198% | $988K | $8K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8328 | −0.172% | $26.7M | $68.5M | 75x | as long as short |
| Bybit ETCUSDTshort | +0.0100% | 8h | 8.8260 | −0.249% | $13.2M | $8.9M | 75x | |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8290 | −0.215% | $8.6M | $17.2M | 50x | as long as short |
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
Kraken Futures PF_ETCUSD
Hyperliquid ETC
Aster ETCUSDT
Binance 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 | 8.8290 | −0.215% | $3.5M | $3.0M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8340 | −0.158% | $6.9M | $33.1M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8350 | −0.147% | $2.8M | $731K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8338 | −0.160% | $9.8M | $3.8M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.8310 | −0.192% | — | $706K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8224 | −0.290% | $124K | $5K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8340 | −0.158% | $211 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8348 | −0.149% | $119K | $307K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8320 | −0.181% | $1.9M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8323 | −0.178% | $6K | $224K | 25x | as long as short |
| BloFin ETC-USDTlong | +0.0400% | 8h | 8.8480 | long leg | $1.4M | $299K | 50x | |
| Coinbase International ETC-PERP-INTX | +0.0504% | 1h | 8.7890 | −0.667% | $33K | $15K | 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
Phemex ETCUSDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX