Funding you earn now, next payment 08:00 UTC−0.0244%/8h= −26.8% APRnext payment −$2.44 per $10,000 · paid last 24h −0.036%
Price spread now: BingX against BloFin+0.023%51s7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$300.302% of the position
Funding, last 7 days−0.078%−$8 on $10k
+Price spread, last 4 days (all we have)+0.458%+$46 · spread now +0.023%, 7d avg −0.022%
=The price spread pays, funding is against you. BingX is 0.045% dearer against BloFin than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.022%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.078% in total) that is about 4.0 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.078% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.44 per $10,000. 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 | BloFin ETC-USDT | 8.8120 | 0.0344 | pay 0.0344% / 8h | 4h 22m | $1.4M | $282K | 50x |
| Short | BingX ETC-USDC | 8.8140 | 0.0100 | get 0.0100% / 8h | 4h 22m | — | $711K | — |
BloFin ETC-USDT
BingX ETC-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- −$51.32
- Price spread: +0.023% → −0.022%
- $4.51
- Slippage, 4 orders
- −$8.19
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$77
- Costs to cover
- 0.302%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 10 min ago; BingX: live order book, 21 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 BloFin live order book, 10 min ago | 0.57 bp | 6.6 bp −$7 | 11.2 bp −$112 | 50.8 bp −$5,082 | doesn't fit |
| Sell BingX live order book, 21 min ago | 1.72 bp | 7.0 bp −$7 | 49.4 bp −$494 | 807.0 bp −$80.7K | 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_ETCUSD | −0.0226% | 1h | 8.8099 | −0.024% | $1.9M | $681K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8157 | +0.042% | $9K | $71 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8095 | −0.028% | $499 | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8159 | +0.044% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.715% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8237 | +0.133% | $2.5M | $592K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8126 | +0.006% | $986K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8130 | +0.011% | $26.4M | $68.8M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8070 | −0.057% | $12.8M | $7.8M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8160 | +0.045% | $8.5M | $17.3M | 50x | as long as short |
Kraken Futures PF_ETCUSD
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 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ETC_USDT | +0.0100% | 8h | 8.8160 | +0.045% | $3.6M | $2.6M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8110 | −0.011% | $7.2M | $33.0M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8170 | +0.057% | $2.9M | $644K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8130 | +0.011% | $9.7M | $3.7M | 75x | as long as short |
| BingX ETC-USDCshort | +0.0100% | 8h | 8.8140 | +0.023% | — | $711K | — | |
| Variational Omni ETC | +0.0100% | 8h | 8.8254 | +0.152% | $124K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8100 | −0.023% | $190 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8056 | −0.073% | $119K | $290K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8140 | +0.023% | $2.0M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8116 | −0.005% | $15K | $99K | 25x | as long as short |
| BloFin ETC-USDTlong | +0.0344% | 8h | 8.8120 | long leg | $1.4M | $282K | 50x | |
| Coinbase International ETC-PERP-INTX | +0.0800% | 1h | 8.7360 | −0.862% | $33K | $21K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX