Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Phemex against BloFin−0.078%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$590.590% of the position
Funding, last 7 days−0.075%−$7 on $10k
+Price spread, last 3 days (all we have)+0.103%+$10 · spread now −0.078%, 7d avg −0.026%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phemex is 0.052% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.026%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ETC-USDT | 8.9480 | 0.0220 | pay 0.0220% / 8h | 7h 04m | $1.5M | $218K | 50x |
| Short | Phemex ETCUSDT | 8.9410 | 0.0100 | get 0.0100% / 8h | 7h 04m | $2.0M | $2.7M | 50x |
BloFin ETC-USDT
Phemex ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$25.2
- Price spread: −0.078% → −0.026%
- −$5.25
- Slippage, 4 orders
- −$34.97
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$89.41
- Costs to cover
- 0.590%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 3 min ago; Phemex: live order book, 4 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, 3 min ago | 3.34 bp | 9.8 bp −$10 | 13.7 bp −$137 | 40.5 bp −$4,049 | doesn't fit |
| Sell Phemex live order book, 4 min ago | 6.13 bp | 17.9 bp −$18 | 52.6 bp −$526 | 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 | −0.0193% | 1h | 8.9436 | −0.050% | $2.0M | $710K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.9427 | −0.060% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.9435 | −0.050% | $507 | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.9450 | −0.034% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | −0.816% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.9668 | +0.210% | $2.5M | $579K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.9412 | −0.076% | $1.0M | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.9605 | +0.140% | $27.0M | $68.4M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.9430 | −0.056% | $13.1M | $7.3M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.9530 | +0.056% | $8.8M | $17.1M | 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
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 | 8.9500 | +0.022% | $3.6M | $2.5M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.9490 | +0.011% | $7.8M | $32.6M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.9480 | 0.000% | $2.9M | $716K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.9530 | +0.056% | $10.0M | $3.8M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.9430 | −0.056% | — | $705K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.9263 | −0.242% | $126K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.9450 | −0.034% | $157 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.9445 | −0.039% | $122K | $296K | 75x | as long as short |
| Phemex ETCUSDTshort | +0.0100% | 8h | 8.9410 | −0.078% | $2.0M | $2.7M | 50x | |
| Extended ETC-USD | +0.0104% | 1h | 8.9422 | −0.064% | $12K | $96K | 25x | as long as short |
| BloFin ETC-USDTlong | +0.0220% | 8h | 8.9480 | long leg | $1.5M | $218K | 50x | |
| Coinbase International ETC-PERP-INTX | +0.0672% | 1h | 9.2430 | +3.297% | $37K | $14K | 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