Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.007%
Price spread now: Phemex against Gate−0.079%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$770.772% of the position
Funding, last 7 days+0.102%+$10 on $10k
+Price spread, last 3 days (all we have)−0.229%−$23 · spread now −0.079%, 7d avg +0.014%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.093% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ETC_USDT | 8.8880 | 0.0100 | pay 0.0100% / 8h | 1h 19m | $3.6M | $2.4M | 60x |
| Short | Phemex ETCUSDT | 8.8810 | 0.0100 | get 0.0100% / 8h | 1h 19m | $2.0M | $2.6M | 50x |
Gate ETC_USDT
Phemex ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Gate. 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: −0.079% → +0.014%
- −$9.28
- Slippage, 4 orders
- −$50.24
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$86.52
- Costs to cover
- 0.772%
- Break-even
- never at this rate
Slippage from Gate: live order book, 4 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 Gate live order book, 4 min ago | 5.06 bp | 24.9 bp −$25 | 79.3 bp −$793 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 2.25 bp | 15.6 bp −$16 | 51.5 bp −$515 | 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 | −0.0215% | 1h | 8.8812 | −0.076% | $2.0M | $679K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8850 | −0.034% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8798 | −0.092% | $503 | $978 | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8863 | −0.019% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | −0.146% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8932 | +0.059% | $2.3M | $426K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8795 | −0.096% | $994K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8802 | −0.088% | $26.5M | $68.2M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8760 | −0.135% | $13.1M | $7.4M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8780 | −0.113% | $8.8M | $16.5M | 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_USDTlong | +0.0100% | 8h | 8.8880 | long leg | $3.6M | $2.4M | 60x | |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8810 | −0.079% | $7.5M | $32.3M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8860 | −0.023% | $2.9M | $728K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8805 | −0.084% | $9.8M | $3.8M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.8860 | −0.023% | — | $716K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8844 | −0.041% | $126K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8800 | −0.090% | $135 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8953 | +0.082% | $134K | $268K | 75x | as long as short |
| Phemex ETCUSDTshort | +0.0100% | 8h | 8.8810 | −0.079% | $2.0M | $2.6M | 50x | |
| Extended ETC-USD | +0.0104% | 1h | 8.8774 | −0.119% | $11K | $191K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.8790 | −0.101% | $1.4M | $216K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0536% | 1h | 8.9980 | +1.238% | $36K | $13K | 50x | as long as short |
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDC
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Extended ETC-USD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX