Funding you earn now, next payment 04:00 UTC−0.0328%/8h= −35.9% APRpaid last 24h −0.050%
Price spread now: Kraken Futures against OKX−0.032%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$700.700% of the position
Funding, last 7 days−0.017%−$2 on $10k
+Price spread, last 4 days (all we have)−0.363%−$36 · spread now −0.032%, 7d avg +0.029%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Kraken Futures is 0.061% cheaper against OKX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.029%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.017% in total (about -0.9% 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 | OKX ETC-USDT-SWAP | 8.7410 | 0.0100 | pay 0.0100% / 8h | 4h 38m | $8.4M | $17.1M | 50x |
| Short | Kraken Futures PF_ETCUSD | 8.7382 | −0.0228 | pay 0.0028% / 1h | 38m 46s | $1.9M | $684K | 50x |
OKX ETC-USDT-SWAP
Kraken Futures PF_ETCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- −$68.84
- Price spread: −0.032% → +0.029%
- −$6.1
- Slippage, 4 orders
- −$50
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$144.94
- Costs to cover
- 0.700%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Kraken Futures: live order book, 5 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 OKX live order book, 5 min ago | 0.57 bp | 12.4 bp −$12 | 32.5 bp −$325 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 8.57 bp | 20.1 bp −$20 | 59.2 bp −$592 | 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 | −0.0228% | 1h | 8.7382 | −0.032% | $1.9M | $684K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.7413 | +0.004% | $9K | $71 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.7383 | −0.031% | $495 | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.7468 | +0.066% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +1.533% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.7515 | +0.120% | $2.5M | $591K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.7370 | −0.046% | $978K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.7390 | −0.023% | $26.2M | $68.6M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.7350 | −0.069% | $12.7M | $7.8M | 75x | as long as short |
| OKX ETC-USDT-SWAPlong | +0.0100% | 8h | 8.7410 | long leg | $8.4M | $17.1M | 50x |
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ETC_USDT | +0.0100% | 8h | 8.7440 | +0.034% | $3.5M | $2.6M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.7400 | −0.011% | $7.4M | $32.9M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.7470 | +0.069% | $2.9M | $645K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.7374 | −0.041% | $9.7M | $3.7M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.7410 | 0.000% | — | $20.7M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7459 | +0.056% | $123K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7360 | −0.057% | $171 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7550 | +0.160% | $119K | $293K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.7410 | 0.000% | $2.0M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.7368 | −0.048% | $11K | $95K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.7410 | 0.000% | $1.4M | $246K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0800% | 1h | 8.7360 | −0.057% | $33K | $21K | 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
Phemex ETCUSDT
Extended ETC-USD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX