Funding you earn now, next payment 00:00 UTC+0.0393%/8h= +43.0% APRpaid last 24h +0.019%
Price spread now: OKX against Injective−0.282%58s7-day average +0.323% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.060%+$6 on $10k
+Price spread, last 3 days (all we have)+0.834%+$83 · spread now −0.282%, 7d avg +0.323%
=Funding pays, the price is against you. OKX is 0.605% cheaper against Injective than usual: you would sell low and buy high (spread −0.282% now, against its 7-day average of +0.323%). If the spread goes back, that is −$60 on $10k: about 5.1 days of funding at the current rate (+$12 a day). At the pace of the last 4 days (+0.060% in total) that is about 40 days. The two prices were read 58 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 4 days it paid 0.060% in total (about 5.5% 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 | Injective ETC/USDC PERP | 8.8750 | −0.0293 | get 0.0037% / 1h | 24m 19s | $34 | $102K | 5.5x |
| Short | OKX ETC-USDT-SWAP | 8.8500 | 0.0100 | get 0.0100% / 8h | 24m 19s | $8.8M | $16.8M | 50x |
Injective ETC/USDC PERP
OKX ETC-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Injective. 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
- $82.52
- Price spread: −0.282% → +0.323%
- −$60.46
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $12.04
- Costs to cover
- 0.100%
- Break-even
- 6.0 days
Slippage unknown: Injective: no order-book sample; OKX: live order book, 4 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 Injective no order-book sample | — | — | — | — | — |
| Sell OKX live order book, 4 min ago | 0.56 bp | 12.5 bp −$12 | 36.5 bp −$365 | doesn't fit | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ETC/USDC PERPlong | −0.0293% | 1h | 8.8750 | long leg | $34 | $102K | 5.5x | |
| Kraken Futures PF_ETCUSD | −0.0193% | 1h | 8.8555 | −0.219% | $1.9M | $722K | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.8563 | −0.210% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8566 | −0.207% | $502 | $978 | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8574 | −0.198% | — | — | 150x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8616 | −0.151% | $2.3M | $441K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8491 | −0.292% | $990K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8550 | −0.225% | $26.5M | $68.8M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8510 | −0.270% | $13.0M | $7.4M | 75x | as long as short |
| OKX ETC-USDT-SWAPshort | +0.0100% | 8h | 8.8500 | −0.282% | $8.8M | $16.8M | 50x |
Kraken Futures PF_ETCUSD
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
gTrade (Gains Network) ETC/USD
Hyperliquid ETC
Aster ETCUSDT
Binance ETCUSDT
Bybit ETCUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ETC_USDT | +0.0100% | 8h | 8.8500 | −0.282% | $3.6M | $2.5M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8510 | −0.270% | $7.6M | $32.3M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8530 | −0.248% | $2.9M | $723K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8526 | −0.252% | $9.8M | $3.8M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.8490 | −0.293% | — | $708K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8595 | −0.175% | $126K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8560 | −0.214% | $130 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8585 | −0.186% | $121K | $299K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8590 | −0.180% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8537 | −0.240% | $11K | $191K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.8540 | −0.237% | $1.4M | $215K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0800% | 1h | 8.9830 | +1.217% | $36K | $13K | 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