Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Bybit+0.442%52s7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as 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−$680.684% of the position
Funding, last 7 days+0.141%+$14 on $10k
+Price spread, last 3 days (all we have)−0.629%−$63 · spread now +0.442%, 7d avg +0.060%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.382% dearer against Bybit than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of +0.060%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ETCUSDT | 8.8260 | 0.0100 | pay 0.0100% / 8h | 6h 48m | $13.0M | $7.4M | 75x |
| Short | BloFin ETC-USDT | 8.8650 | 0.0220 | get 0.0220% / 8h | 6h 48m | $1.4M | $206K | 50x |
Bybit ETCUSDT
BloFin ETC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $25.2
- Price spread: +0.442% → +0.060%
- $38.23
- Slippage, 4 orders
- −$45.42
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$4.98
- Costs to cover
- 0.684%
- Break-even
- 8.4 days
Slippage from Bybit: live order book, 5 min ago; BloFin: 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 Bybit live order book, 5 min ago | 2.26 bp | 23.0 bp −$23 | 54.5 bp −$545 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 1.70 bp | 13.1 bp −$13 | 23.6 bp −$236 | 70.7 bp −$7,069 | 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 | −0.0016% | 1h | 8.8327 | +0.075% | $1.9M | $714K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8458 | +0.224% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8316 | +0.063% | $500 | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8305 | +0.051% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.555% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8376 | +0.131% | $2.5M | $599K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8442 | +0.206% | $990K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8312 | +0.059% | $26.6M | $69.3M | 75x | as long as short |
| Bybit ETCUSDTlong | +0.0100% | 8h | 8.8260 | long leg | $13.0M | $7.4M | 75x | |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8300 | +0.045% | $8.7M | $17.1M | 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
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 | 8.8370 | +0.125% | $3.6M | $2.5M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8310 | +0.057% | $7.3M | $32.6M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8380 | +0.136% | $2.8M | $691K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8329 | +0.078% | $9.8M | $3.9M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.8330 | +0.079% | — | $703K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8261 | +0.001% | $124K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8300 | +0.045% | $168 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8550 | +0.329% | $121K | $294K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8460 | +0.227% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8327 | +0.076% | $11K | $91K | 25x | as long as short |
| BloFin ETC-USDTshort | +0.0220% | 8h | 8.8650 | +0.442% | $1.4M | $206K | 50x | |
| Coinbase International ETC-PERP-INTX | +0.0616% | 1h | 9.0540 | +2.583% | $39K | $17K | 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