Funding you earn now, next payment 08:00 UTC−0.0269%/8h= −29.4% APRpaid last 24h −0.044%
Price spread now: Kraken Futures against HTX+0.081%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$900.904% of the position
Funding, last 7 days−0.106%−$11 on $10k
+Price spread, last 4 days (all we have)+0.066%+$7 · spread now +0.081%, 7d avg +0.018%
=The price spread pays, funding is against you. Kraken Futures is 0.063% dearer against HTX than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of +0.018%): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.106% in total) that is about 4.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.106% in total (about -5.5% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX ETC-USDT | 8.7219 | 0.0100 | pay 0.0100% / 8h | 15m 14s | $118K | $309K | 75x |
| Short | Kraken Futures PF_ETCUSD | 8.7290 | −0.0169 | pay 0.0021% / 1h | 15m 14s | $1.9M | $731K | 50x |
HTX ETC-USDT
Kraken Futures PF_ETCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against HTX. 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
- −$56.42
- Price spread: +0.081% → +0.018%
- $6.27
- Slippage, 4 orders
- −$68.38
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$140.53
- Costs to cover
- 0.904%
- Break-even
- never at this rate
Slippage from HTX: live order book, 22 min ago; Kraken Futures: live order book, 3 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 HTX live order book, 22 min ago | 14.35 bp | 26.1 bp −$26 | 252.9 bp −$2,529 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 5.73 bp | 21.1 bp −$21 | 49.8 bp −$498 | 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_ETCUSDshort | −0.0169% | 1h | 8.7290 | +0.081% | $1.9M | $731K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.7260 | +0.047% | $9K | $25 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.7269 | +0.057% | — | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S 0.0000% | 1h | 8.7285 | +0.076% | $196 | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +1.755% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.7378 | +0.182% | $2.5M | $611K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.7219 | 0.000% | $976K | $8K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.7244 | +0.029% | $26.2M | $71.6M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.7200 | −0.022% | $13.0M | $8.9M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7300 | +0.093% | $8.5M | $17.7M | 50x | as long as short |
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 | 8.7250 | +0.036% | $3.4M | $3.0M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.7220 | +0.001% | $6.8M | $33.1M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.7270 | +0.058% | $2.8M | $722K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.7277 | +0.066% | $9.6M | $4.0M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.7280 | +0.070% | — | $708K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7201 | −0.020% | $123K | $5K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7280 | +0.070% | $230 | $5K | 5x | as long as short |
| HTX ETC-USDTlong | +0.0100% | 8h | 8.7219 | long leg | $118K | $309K | 75x | |
| Phemex ETCUSDT | +0.0100% | 8h | 8.7230 | +0.013% | $1.9M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.7253 | +0.039% | $4K | $223K | 25x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0392% | 1h | 8.7950 | +0.838% | $33K | $22K | 50x | as long as short |
| BloFin ETC-USDT | +0.0400% | 8h | 8.7230 | +0.013% | $1.4M | $296K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDC
Variational Omni ETC
SoDEX ETC-USD
Phemex ETCUSDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX
BloFin ETC-USDT