Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.023%
Price spread now: Injective against Binance+1.275%7-day average −0.296% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)−1.873%−$187 · spread now +1.275%, 7d avg −0.296%
=The price spread pays, funding is against you. Injective is 1.571% dearer against Binance than usual: you sell high and buy low (spread +1.275% now, against its 7-day average of −0.296%): +$157 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ETCUSDT | 8.7633 | 0.0100 | pay 0.0100% / 8h | 3h 01m | $26.1M | $70.2M | 75x |
| Short | Injective ETC/USDC PERP | 8.8750 | 0.0033 | get 0.0004% / 1h | 1m 04s | $34 | $102K | 5.5x |
Binance ETCUSDT
Injective ETC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Binance. 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: +1.275% → −0.296%
- $157.12
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $133.1
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Binance: live order book, 11 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 Binance live order book, 11 min ago | 0.57 bp | 9.6 bp −$10 | 16.8 bp −$168 | 85.2 bp −$8,515 | 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 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_ETCUSD | −0.0120% | 1h | 8.7592 | −0.046% | $1.9M | $704K | 50x | as long as short |
| Deribit ETC_USDC-PERPETUAL | −0.0081% | 1h | 8.7643 | +0.012% | — | — | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.7607 | −0.029% | $9K | $49 | 10x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.7639 | +0.007% | — | — | 150x | as long as short |
| Injective ETC/USDC PERPshort | +0.0033% | 1h | 8.8750 | +1.275% | $34 | $102K | 5.5x | |
| Hyperliquid ETC | +0.0100% | 1h | 8.7690 | +0.065% | $2.5M | $613K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.7632 | 0.000% | $981K | $8K | 10x | as long as short |
| Binance ETCUSDTlong | +0.0100% | 8h | 8.7633 | long leg | $26.1M | $70.2M | 75x | |
| Bybit ETCUSDT | +0.0100% | 8h | 8.7580 | −0.060% | $12.8M | $8.1M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7600 | −0.037% | $8.4M | $17.6M | 50x | as long as short |
Kraken Futures PF_ETCUSD
Deribit ETC_USDC-PERPETUAL
dYdX ETC-USD
gTrade (Gains Network) ETC/USD
Hyperliquid ETC
Aster ETCUSDT
Bybit ETCUSDT
OKX ETC-USDT-SWAPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ETC_USDT | +0.0100% | 8h | 8.7620 | −0.015% | $3.5M | $2.9M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.7640 | +0.008% | $6.9M | $33.2M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.7620 | −0.015% | $2.8M | $667K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.7590 | −0.049% | $9.6M | $3.8M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.7640 | +0.008% | — | $708K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7530 | −0.118% | $124K | $4K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7610 | −0.026% | $175 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7660 | +0.031% | $119K | $295K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.7660 | +0.031% | $2.0M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.7606 | −0.030% | $12K | $93K | 25x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0208% | 1h | 8.7800 | +0.191% | $33K | $22K | 50x | as long as short |
| BloFin ETC-USDT | +0.0346% | 8h | 8.7510 | −0.140% | $1.4M | $280K | 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
Phemex ETCUSDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX
BloFin ETC-USDT