Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bybit−0.498%7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$660.657% of the position
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 3 days (all we have)+0.338%+$34 · spread now −0.498%, 7d avg +0.033%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.531% cheaper against Bybit than usual: you would sell low and buy high, −$53 on $10k if it goes back to its 7-day average of +0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ETCUSDT | 8.8340 | 0.0100 | pay 0.0100% / 8h | 5h 56m | $12.9M | $7.7M | 75x |
| Short | Phemex ETCUSDT | 8.7900 | 0.0100 | get 0.0100% / 8h | 5h 56m | $2.0M | $2.7M | 50x |
Bybit ETCUSDT
Phemex ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bybit. 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
- $0
- Price spread: −0.498% → +0.033%
- −$53.12
- Slippage, 4 orders
- −$42.69
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$118.81
- Costs to cover
- 0.657%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Phemex: 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 Bybit live order book, 2 min ago | 1.14 bp | 16.9 bp −$17 | 44.4 bp −$444 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.84 bp | 14.2 bp −$14 | 50.4 bp −$504 | doesn't fit | doesn't fit |
ETC on 21 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 | −0.0010% | 1h | 8.7883 | −0.517% | $1.9M | $704K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8280 | −0.068% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.7865 | −0.538% | $498 | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8351 | +0.012% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.464% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8501 | +0.182% | $2.5M | $590K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8035 | −0.345% | $985K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8430 | +0.102% | $26.6M | $68.6M | 75x | as long as short |
| Bybit ETCUSDTlong | +0.0100% | 8h | 8.8340 | long leg | $12.9M | $7.7M | 75x | |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8390 | +0.057% | $8.6M | $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
OKX ETC-USDT-SWAPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ETC_USDT | +0.0100% | 8h | 8.8300 | −0.045% | $3.6M | $2.5M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8380 | +0.045% | $7.5M | $32.7M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8370 | +0.034% | $2.9M | $663K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8400 | +0.068% | $9.7M | $3.7M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.8380 | +0.045% | — | $20.8M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8140 | −0.227% | $124K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7850 | −0.555% | $169 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7849 | −0.556% | $119K | $301K | 75x | as long as short |
| Phemex ETCUSDTshort | +0.0100% | 8h | 8.7900 | −0.498% | $2.0M | $2.7M | 50x | |
| Extended ETC-USD | +0.0104% | 1h | 8.8359 | +0.022% | $14K | $94K | 25x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.1048% | 1h | 8.9440 | +1.245% | $38K | $16K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX