Funding you earn now, next payment 01:00 UTC−0.0294%/8h= −32.2% APRpaid last 24h −0.052%
Price spread now: Kraken Futures against Binance−0.008%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$580.576% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 3 days (all we have)−0.128%−$13 · spread now −0.008%, 7d avg +0.008%
=The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.048% in total (about -2.5% 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 | Binance ETCUSDT | 8.8930 | 0.0100 | pay 0.0100% / 8h | 7h 29m | $26.6M | $68.2M | 75x |
| Short | Kraken Futures PF_ETCUSD | 8.8923 | −0.0194 | pay 0.0024% / 1h | 29m 46s | $2.0M | $717K | 50x |
Binance ETCUSDT
Kraken Futures PF_ETCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$61.75
- Price spread: −0.008% → +0.008%
- −$1.57
- Slippage, 4 orders
- −$37.59
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$120.92
- Costs to cover
- 0.576%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Kraken Futures: live order book, 4 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 Binance live order book, 13 min ago | 0.56 bp | 9.8 bp −$10 | 19.7 bp −$197 | 78.0 bp −$7,799 | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 3.94 bp | 17.5 bp −$18 | 40.4 bp −$404 | 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 | −0.0194% | 1h | 8.8923 | −0.008% | $2.0M | $717K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.8955 | +0.028% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8914 | −0.018% | $504 | $490 | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8916 | −0.016% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | −0.202% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.9043 | +0.127% | $2.5M | $586K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8955 | +0.028% | $995K | $11K | 10x | as long as short |
| Binance ETCUSDTlong | +0.0100% | 8h | 8.8930 | long leg | $26.6M | $68.2M | 75x | |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8890 | −0.045% | $13.0M | $7.2M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8940 | +0.011% | $8.8M | $16.9M | 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
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 | 8.8990 | +0.067% | $3.6M | $2.5M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8910 | −0.022% | $7.9M | $32.5M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8950 | +0.022% | $2.9M | $705K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8914 | −0.018% | $9.9M | $3.7M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.8950 | +0.022% | — | $707K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8896 | −0.038% | $126K | $1K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8890 | −0.045% | $154 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8890 | −0.045% | $121K | $295K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8950 | +0.022% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8889 | −0.046% | $12K | $105K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.8950 | +0.022% | $1.4M | $217K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0672% | 1h | 8.9470 | +0.607% | $35K | $14K | 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
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX