Funding you earn now, next payment 22:00 UTC−0.0753%/8h= −82.4% APRnext payment −$0.94 per $10,000 · paid last 24h −0.046%
Price spread now: Kraken Futures against Coinbase International−0.496%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Kraken Futures is 0.496% cheaper against Coinbase International than usual: you would sell low and buy high (−$50 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ETC-PERP-INTX | 8.8440 | 0.0536 | pay 0.0067% / 1h | 58m 42s | $35K | $13K | 50x |
| Short | Kraken Futures PF_ETCUSD | 8.8001 | −0.0217 | pay 0.0027% / 1h | 58m 42s | $1.9M | $672K | 50x |
Coinbase International ETC-PERP-INTX
Kraken Futures PF_ETCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Coinbase International. 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
- −$158.11
- Price spread: −0.496% → 0.000%
- −$49.64
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$227.75
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: no order-book sample; Kraken Futures: live order book, 5 min ago. 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 Coinbase International no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 5 min ago | 5.12 bp | 20.8 bp −$21 | 40.6 bp −$406 | doesn't fit | doesn't fit |
Coinbase International: 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_ETCUSDshort | −0.0217% | 1h | 8.8001 | −0.496% | $1.9M | $672K | 50x | |
| Deribit ETC_USDC-PERPETUAL | −0.0091% | 1h | 8.7942 | −0.563% | $498 | $978 | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.7965 | −0.537% | $9K | $46 | 10x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.7962 | −0.541% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.7920 | −0.588% | $33 | $77K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8069 | −0.419% | $2.2M | $424K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.7987 | −0.512% | $985K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8010 | −0.486% | $26.2M | $67.4M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.7970 | −0.531% | $13.0M | $7.3M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7900 | −0.611% | $8.7M | $16.3M | 50x | as long as short |
Deribit ETC_USDC-PERPETUAL
dYdX ETC-USD
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 | 8.7960 | −0.543% | $3.6M | $2.4M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8000 | −0.498% | $7.7M | $32.0M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.7960 | −0.543% | $2.8M | $725K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8016 | −0.479% | $9.7M | $3.7M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.7970 | −0.531% | — | $714K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7772 | −0.755% | $124K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7930 | −0.577% | $127 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7915 | −0.594% | $132K | $270K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.7980 | −0.520% | $2.0M | $2.6M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.7976 | −0.525% | $11K | $191K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.7870 | −0.645% | $1.4M | $216K | 50x | as long as short |
| Coinbase International ETC-PERP-INTXlong | +0.0536% | 1h | 8.8440 | long leg | $35K | $13K | 50x |
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