Funding you earn now, next payment 11:00 UTC−0.0244%/8h= −26.7% APRnext payment −$0.31 per $10,000 · paid last 24h −0.035%
Price spread now: Kraken Futures against Extended+0.088%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$620.617% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 4 days (all we have)−0.257%−$26 · spread now +0.088%, 7d avg +0.027%
=Together, before fees−0.297%+ Points / potential airdropExtended: Active · farm board−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.061% dearer against Extended than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of +0.027%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.040% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.040% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.31 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ETC-USD | 8.6344 | 0.0104 | pay 0.0013% / 1h | 5m 34s | $4K | $222K | 25x |
| Short | Kraken Futures PF_ETCUSD | 8.6420 | −0.0140 | pay 0.0018% / 1h | 5m 34s | $1.9M | $734K | 50x |
Extended ETC-USD
Kraken Futures PF_ETCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. 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
- −$51.29
- Price spread: +0.088% → +0.027%
- $6.07
- Slippage, 4 orders
- −$46.67
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$106.89
- Costs to cover
- 0.617%
- Break-even
- never at this rate
Slippage from Extended: live order book, 39 min ago; Kraken Futures: live order book, 1 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 Extended live order book, 39 min ago | 1.20 bp | 8.8 bp −$9 | 101.6 bp −$1,016 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 5.20 bp | 23.8 bp −$24 | 45.6 bp −$456 | doesn't fit | doesn't fit |
ETC on 22 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETC_USDC-PERPETUAL | −0.0340% | 1h | 8.6383 | +0.045% | — | — | 50x | as long as short |
| Gate ETC_USDT | −0.0146% | 8h | 8.6380 | +0.042% | $3.4M | $3.0M | 60x | as long as short |
| Kraken Futures PF_ETCUSDshort | −0.0140% | 1h | 8.6420 | +0.088% | $1.9M | $734K | 50x | |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S 0.0000% | 1h | 8.6432 | +0.102% | $194 | — | 150x | as long as short |
| Bybit ETCUSDT | +0.0010% | 8h | 8.6350 | +0.007% | $12.9M | $9.0M | 75x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +2.787% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.6469 | +0.145% | $2.4M | $550K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.6333 | −0.012% | $966K | $10K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.6372 | +0.033% | $25.6M | $67.3M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.6390 | +0.053% | $8.5M | $16.2M | 50x | as long as short |
Deribit ETC_USDC-PERPETUAL
Gate ETC_USDT
gTrade (Gains Network) ETC/USD
Bybit ETCUSDT
Injective ETC/USDC PERP
Hyperliquid ETC
Aster ETCUSDT
Binance ETCUSDT
OKX ETC-USDT-SWAPShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ETC_USDT | +0.0100% | 8h | 8.6380 | +0.042% | $6.4M | $23.4M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.6380 | +0.042% | $2.8M | $930K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.6431 | +0.101% | $9.5M | $3.8M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.6420 | +0.088% | — | $703K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.6377 | +0.038% | $121K | $5K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.6380 | +0.042% | $221 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.6425 | +0.094% | $119K | $326K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.6380 | +0.042% | $1.8M | $2.7M | 50x | as long as short |
| Extended ETC-USDlong | +0.0104% | 1h | 8.6344 | long leg | $4K | $222K | 25x | |
| Coinbase International ETC-PERP-INTX | +0.0256% | 1h | 8.7300 | +1.107% | $33K | $14K | 50x | as long as short |
| dYdX ETC-USD | +0.0295% | 1h | 8.6463 | +0.137% | $8K | $3K | 10x | as long as short |
| BloFin ETC-USDT | +0.0400% | 8h | 8.6340 | −0.005% | $1.4M | $310K | 50x | as long as short |
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDC
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Coinbase International ETC-PERP-INTX
dYdX ETC-USD
BloFin ETC-USDT