Settings8H · net · $10k
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Funding arb · Price arb /

ETC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 06:00 UTC−0.0301%/8h= −33.0% APRpaid last 24h −0.045%
Price spread now: Kraken Futures against Bybit−0.015%7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$800.799% of the position
Long on BybitShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days−0.036%−$4 on $10k
Price spread, last 4 days (all we have)−0.152%−$15 · spread now −0.015%, 7d avg +0.047%
Together, before fees−0.189%−$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Kraken Futures is 0.062% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.047%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ETCUSDT8.76100.0100pay 0.0100% / 8h2h 48m$12.8M$8.2M75x
ShortKraken Futures PF_ETCUSD8.7597−0.0201pay 0.0025% / 1h48m 49s$1.9M$701K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$63.22
Price spread: −0.015% → +0.047%
−$6.18
Slippage, 4 orders
−$58.85
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$149.26
Costs to cover
0.799%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Kraken Futures: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago1.14 bp15.8 bp −$1641.1 bp −$411doesn't fitdoesn't fit
Sell Kraken Futures live order book, 5 min ago4.56 bp23.2 bp −$23311.1 bp −$3,111doesn't fitdoesn't fit

ETC on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International ETC-PERP-INTX−0.0456%1h8.7950+0.388%$33K$22K50xas long as short
Kraken Futures PF_ETCUSDshort−0.0201%1h8.7597−0.015%$1.9M$701K50x
dYdX ETC-USD0.0000%1h8.7722+0.128%$9K$2510xas long as short
Deribit ETC_USDC-PERPETUAL0.0000%1h8.7633+0.026%——50xas long as short
gTrade (Gains Network) ETC/USDL +0.0006% / S −0.0006%1h8.7697+0.099%——150xas long as short
Injective ETC/USDC PERP+0.0033%1h8.8750+1.301%$34$102K5.5xas long as short
Hyperliquid ETC+0.0100%1h8.7726+0.132%$2.5M$608K5xas long as short
Aster ETCUSDT+0.0100%8h8.7604−0.007%$980K$8K10xas long as short
Binance ETCUSDT+0.0100%8h8.7646+0.041%$26.3M$70.3M75xas long as short
Bybit ETCUSDTlong+0.0100%8h8.7610long leg$12.8M$8.2M75x
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ETC-USDT-SWAP+0.0100%8h8.7680+0.080%$8.4M$17.6M50xas long as short
Gate ETC_USDT+0.0100%8h8.76100.000%$3.5M$2.9M60xas long as short
MEXC ETC_USDT+0.0100%8h8.76100.000%$6.7M$33.1M200xas long as short
KuCoin ETCUSDTM+0.0100%8h8.7640+0.034%$2.8M$667K50xas long as short
Bitget ETCUSDT+0.0100%8h8.7661+0.058%$9.6M$3.8M75xas long as short
BingX ETC-USDT+0.0100%8h8.7630+0.023%—$20.8M—as long as short
Variational Omni ETC+0.0100%8h8.7760+0.171%$124K$4K—as long as short
SoDEX ETC-USD+0.0100%1h8.7600−0.011%$168$5K5xas long as short
HTX ETC-USDT+0.0100%8h8.7648+0.043%$119K$295K75xas long as short
Phemex ETCUSDT+0.0100%8h8.76100.000%$2.0M$2.8M50xas long as short
Extended ETC-USD+0.0104%1h8.7600−0.011%$11K$96K25xas long as short
BloFin ETC-USDT+0.0345%8h8.7600−0.011%$1.4M$281K50xas long as short