Funding you earn now, next payment 02:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.053%
Price spread now: Kraken Futures against Phemex+0.033%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$80as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$700.698% of the position
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 3 days (all we have)+0.045%+$4 · spread now +0.033%, 7d avg +0.021%
=The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ETCUSDT | 8.8300 | 0.0100 | pay 0.0100% / 8h | 6h 16m | $2.0M | $2.7M | 50x |
| Short | Kraken Futures PF_ETCUSD | 8.8329 | −0.0016 | pay 0.0002% / 1h | 16m 36s | $1.9M | $705K | 50x |
Phemex ETCUSDT
Kraken Futures PF_ETCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$24.3
- Price spread: +0.033% → +0.021%
- $1.23
- Slippage, 4 orders
- −$47.82
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$92.89
- Costs to cover
- 0.698%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Kraken Futures: live order book, 2 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, 2 min ago | 2.83 bp | 15.0 bp −$15 | 47.5 bp −$475 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 5.09 bp | 18.2 bp −$18 | 43.0 bp −$430 | doesn't fit | doesn't fit |
ETC on 21 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 | −0.0016% | 1h | 8.8329 | +0.033% | $1.9M | $705K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.8295 | −0.006% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8318 | +0.020% | $500 | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8313 | +0.015% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.510% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8434 | +0.152% | $2.5M | $594K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8288 | −0.014% | $988K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8339 | +0.044% | $26.6M | $69.6M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8290 | −0.011% | $12.9M | $7.8M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8350 | +0.057% | $8.6M | $17.2M | 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 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ETC_USDT | +0.0100% | 8h | 8.8310 | +0.011% | $3.6M | $2.6M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8300 | 0.000% | $7.1M | $32.8M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8340 | +0.045% | $2.9M | $683K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8278 | −0.025% | $9.7M | $4.0M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.8300 | 0.000% | — | $706K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8519 | +0.248% | $124K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8330 | +0.034% | $161 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8309 | +0.010% | $120K | $301K | 75x | as long as short |
| Phemex ETCUSDTlong | +0.0100% | 8h | 8.8300 | long leg | $2.0M | $2.7M | 50x | |
| Extended ETC-USD | +0.0104% | 1h | 8.8279 | −0.024% | $11K | $91K | 25x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0616% | 1h | 8.9170 | +0.985% | $38K | $16K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDC
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX