Funding you earn now, next payment 11:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.023%
Price spread now: Injective against Phemex+1.521%7-day average −0.192% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)−1.705%−$171 · spread now +1.521%, 7d avg −0.192%
=The price spread pays, funding is against you. Injective is 1.714% dearer against Phemex than usual: you sell high and buy low (spread +1.521% now, against its 7-day average of −0.192%): +$171 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. At the pace of the last 7 days (−0.021% in total) that is about 19 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ETCUSDT | 8.7420 | 0.0100 | pay 0.0100% / 8h | 5h 52m | $1.9M | $2.7M | 50x |
| Short | Injective ETC/USDC PERP | 8.8750 | 0.0033 | get 0.0004% / 1h | 52m 29s | $34 | $102K | 5.5x |
Phemex ETCUSDT
Injective ETC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: +1.521% → −0.192%
- $171.36
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $145.34
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: Phemex: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.
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 | 2.85 bp | 17.9 bp −$18 | 57.6 bp −$576 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ETC on 22 exchanges
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 | −0.0139% | 1h | 8.7421 | +0.001% | $1.9M | $711K | 50x | as long as short |
| Gate ETC_USDT | −0.0096% | 8h | 8.7310 | −0.126% | $3.4M | $2.7M | 60x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.7342 | −0.089% | $9K | $25 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.7373 | −0.054% | — | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S 0.0000% | 1h | 8.7400 | −0.023% | $196 | — | 150x | as long as short |
| Injective ETC/USDC PERPshort | +0.0033% | 1h | 8.8750 | +1.521% | $34 | $102K | 5.5x | |
| Hyperliquid ETC | +0.0100% | 1h | 8.7393 | −0.031% | $2.5M | $537K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.7315 | −0.121% | $977K | $8K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.7295 | −0.143% | $26.8M | $63.7M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.7240 | −0.206% | $13.1M | $8.5M | 75x | as long as short |
Kraken Futures PF_ETCUSD
Gate ETC_USDT
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
gTrade (Gains Network) ETC/USD
Hyperliquid ETC
Aster ETCUSDT
Binance ETCUSDT
Bybit ETCUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7270 | −0.172% | $8.5M | $15.9M | 50x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.7300 | −0.137% | $6.8M | $23.3M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.7350 | −0.080% | $2.8M | $748K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.7351 | −0.079% | $9.6M | $3.7M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.7280 | −0.160% | — | $703K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7518 | +0.112% | $123K | $5K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7370 | −0.057% | $203 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7349 | −0.081% | $118K | $301K | 75x | as long as short |
| Phemex ETCUSDTlong | +0.0100% | 8h | 8.7420 | long leg | $1.9M | $2.7M | 50x | |
| Extended ETC-USD | +0.0104% | 1h | 8.7330 | −0.103% | $5K | $224K | 25x | as long as short |
| BloFin ETC-USDT | +0.0200% | 8h | 8.7360 | −0.069% | $1.4M | $297K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0256% | 1h | 8.7300 | −0.137% | $33K | $14K | 50x | as long as short |
OKX ETC-USDT-SWAP
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