Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Phemex−0.001%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$450.450% of the position
Funding, last 7 days−0.059%−$6 on $10k
+Price spread, last 3 days (all we have)+0.516%+$52 · spread now −0.001%, 7d avg +0.015%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ETCUSDT | 8.7800 | 0.0100 | pay 0.0100% / 8h | 2h 04m | $2.0M | $2.6M | 50x |
| Short | Binance ETCUSDT | 8.7799 | 0.0100 | get 0.0100% / 8h | 2h 04m | $26.2M | $67.4M | 75x |
Phemex ETCUSDT
Binance ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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: −0.001% → +0.015%
- −$1.58
- Slippage, 4 orders
- −$23
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$46.59
- Costs to cover
- 0.450%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Binance: live order book, 8 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 Phemex live order book, 4 min ago | 2.28 bp | 13.5 bp −$14 | 52.3 bp −$523 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.57 bp | 9.4 bp −$9 | 18.3 bp −$183 | 68.0 bp −$6,804 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ETC/USDC PERP | −0.0037% | 1h | 8.7920 | +0.137% | $33 | $77K | 5.5x | as long as short |
| Deribit ETC_USDC-PERPETUAL | −0.0023% | 1h | 8.7829 | +0.033% | $498 | $978 | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.7806 | +0.007% | $9K | $46 | 10x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.7835 | +0.040% | — | — | 150x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.7876 | +0.087% | $2.2M | $424K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.7775 | −0.028% | $982K | $11K | 10x | as long as short |
| Binance ETCUSDTshort | +0.0100% | 8h | 8.7799 | −0.001% | $26.2M | $67.4M | 75x | |
| Bybit ETCUSDT | +0.0100% | 8h | 8.7780 | −0.023% | $12.9M | $7.3M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7760 | −0.046% | $8.7M | $16.2M | 50x | as long as short |
| Gate ETC_USDT | +0.0100% | 8h | 8.7810 | +0.011% | $3.6M | $2.4M | 60x | as long as short |
Injective ETC/USDC PERP
Deribit ETC_USDC-PERPETUAL
dYdX ETC-USD
gTrade (Gains Network) ETC/USD
Hyperliquid ETC
Aster ETCUSDT
Bybit ETCUSDT
OKX ETC-USDT-SWAP
Gate ETC_USDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ETC_USDT | +0.0100% | 8h | 8.7800 | 0.000% | $7.7M | $36.9M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.7810 | +0.011% | $2.8M | $724K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.7788 | −0.014% | $9.7M | $3.6M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.7780 | −0.023% | — | $20.6M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7711 | −0.101% | $124K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7800 | 0.000% | $133 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7772 | −0.032% | $132K | $270K | 75x | as long as short |
| Phemex ETCUSDTlong | +0.0100% | 8h | 8.7800 | long leg | $2.0M | $2.6M | 50x | |
| Extended ETC-USD | +0.0104% | 1h | 8.7798 | −0.002% | $11K | $191K | 25x | as long as short |
| Kraken Futures PF_ETCUSD | +0.0181% | 1h | 8.7790 | −0.012% | $1.9M | $674K | 50x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.7830 | +0.034% | $1.4M | $216K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0632% | 1h | 8.8440 | +0.729% | $35K | $13K | 50x | as long as short |
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Extended ETC-USD
Kraken Futures PF_ETCUSD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX