Funding you earn now, next payment 06:00 UTC+0.0303%/8h= +33.1% APRpaid last 24h +0.045%
Price spread now: HTX against Kraken Futures−0.055%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1281.279% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.055%, 7d avg −0.019%
=Funding pays, the price is against you. HTX is 0.036% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of −0.019%). If the spread goes back, that is −$4 on $10k: about 10 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.106% in total) that is about 2.4 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 | Kraken Futures PF_ETCUSD | 8.6883 | −0.0203 | get 0.0025% / 1h | 24m 09s | $1.9M | $716K | 50x |
| Short | HTX ETC-USDT | 8.6835 | 0.0100 | get 0.0100% / 8h | 2h 24m | $117K | $305K | 75x |
Kraken Futures PF_ETCUSD
HTX ETC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Kraken Futures. 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
- $63.57
- Price spread: −0.055% → −0.019%
- −$3.61
- Slippage, 4 orders
- −$105.87
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$67.9
- Costs to cover
- 1.279%
- Break-even
- 14.5 days
Slippage from Kraken Futures: live order book, 4 min ago; HTX: live order book, 23 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 Kraken Futures live order book, 4 min ago | 5.20 bp | 24.4 bp −$24 | 46.9 bp −$469 | doesn't fit | doesn't fit |
| Sell HTX live order book, 23 min ago | 9.72 bp | 50.3 bp −$50 | 427.0 bp −$4,270 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ETC-PERP-INTX | −0.0456% | 1h | 8.7950 | +1.228% | $33K | $22K | 50x | as long as short |
| Kraken Futures PF_ETCUSDlong | −0.0203% | 1h | 8.6883 | long leg | $1.9M | $716K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.6728 | −0.178% | $9K | $25 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.6866 | −0.020% | — | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.6820 | −0.073% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +2.149% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.6880 | −0.004% | $2.4M | $619K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.6776 | −0.123% | $971K | $8K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.6880 | −0.003% | $26.0M | $72.0M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.6780 | −0.119% | $12.9M | $8.6M | 75x | as long as short |
Coinbase International ETC-PERP-INTX
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
Hyperliquid ETC
Aster ETCUSDT
Binance ETCUSDT
Bybit ETCUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.6820 | −0.073% | $8.3M | $17.9M | 50x | as long as short |
| Gate ETC_USDT | +0.0100% | 8h | 8.6790 | −0.107% | $3.4M | $2.9M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.6870 | −0.015% | $6.7M | $33.2M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.6790 | −0.107% | $2.8M | $716K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.6854 | −0.033% | $9.6M | $3.9M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.6810 | −0.084% | — | $20.8M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.6506 | −0.434% | $121K | $5K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.6880 | −0.004% | $193 | $5K | 5x | as long as short |
| HTX ETC-USDTshort | +0.0100% | 8h | 8.6835 | −0.055% | $117K | $305K | 75x | |
| Phemex ETCUSDT | +0.0100% | 8h | 8.6860 | −0.027% | $2.0M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.6805 | −0.090% | $11K | $94K | 25x | as long as short |
| BloFin ETC-USDT | +0.0400% | 8h | 8.6780 | −0.119% | $1.4M | $291K | 50x | as long as short |
OKX ETC-USDT-SWAP
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDT
Variational Omni ETC
SoDEX ETC-USD
Phemex ETCUSDT
Extended ETC-USD
BloFin ETC-USDT