Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.028%
Price spread now: Binance against Deribit+0.045%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.045% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ETC_USDC-PERPETUAL | 8.7461 | 0 | get 0.0000% / 1h | 42m 58s | $495 | — | 50x |
| Short | Binance ETCUSDT | 8.7500 | 0.0100 | get 0.0100% / 8h | 4h 42m | $26.3M | $68.7M | 75x |
Deribit ETC_USDC-PERPETUAL
Binance ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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
- $21
- Price spread: +0.045% → 0.000%
- $4.46
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $8.46
- Costs to cover
- 0.170%
- Break-even
- 4.2 days
Slippage unknown: Deribit: no order-book sample; Binance: live order book, 14 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 14 min ago | 1.14 bp | 10.3 bp −$10 | 23.2 bp −$232 | 75.4 bp −$7,540 | doesn't fit |
Deribit: 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 | −0.0228% | 1h | 8.7482 | +0.024% | $1.9M | $687K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.7642 | +0.207% | $9K | $71 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUALlong | 0.0000% | 1h | 8.7461 | long leg | $495 | — | 50x | |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.7587 | +0.144% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +1.474% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.7541 | +0.091% | $2.5M | $593K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.7530 | +0.079% | $980K | $11K | 10x | as long as short |
| Binance ETCUSDTshort | +0.0100% | 8h | 8.7500 | +0.045% | $26.3M | $68.7M | 75x | |
| Bybit ETCUSDT | +0.0100% | 8h | 8.7430 | −0.035% | $12.7M | $7.8M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.7470 | +0.010% | $8.5M | $17.1M | 50x | as long as short |
Kraken Futures PF_ETCUSD
dYdX ETC-USD
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 | 8.7610 | +0.170% | $3.6M | $2.6M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.7480 | +0.022% | $7.3M | $32.9M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.7540 | +0.090% | $2.9M | $646K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.7401 | −0.069% | $9.7M | $3.7M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.7460 | −0.001% | — | $710K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7429 | −0.037% | $123K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7460 | −0.001% | $183 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7640 | +0.205% | $119K | $293K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.7520 | +0.067% | $2.0M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.7457 | −0.005% | $11K | $97K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.7680 | +0.250% | $1.4M | $246K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0800% | 1h | 8.7360 | −0.115% | $33K | $21K | 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