Funding you earn now, next payment 02:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.053%
Price spread now: Binance against Kraken Futures+0.014%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$700.705% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 3 days (all we have)+0.079%+$8 · spread now +0.014%, 7d avg −0.008%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.023% dearer against Kraken Futures than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ETCUSD | 8.8415 | −0.0016 | get 0.0002% / 1h | 44m 06s | $1.9M | $714K | 50x |
| Short | Binance ETCUSDT | 8.8428 | 0.0100 | get 0.0100% / 8h | 6h 44m | $26.6M | $69.2M | 75x |
Kraken Futures PF_ETCUSD
Binance ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- $24.3
- Price spread: +0.014% → −0.008%
- $2.27
- Slippage, 4 orders
- −$50.49
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$43.92
- Costs to cover
- 0.705%
- Break-even
- 19.7 days
Slippage from Kraken Futures: live order book, 4 min ago; Binance: live order book, 13 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 Kraken Futures live order book, 4 min ago | 7.36 bp | 29.5 bp −$30 | 51.4 bp −$514 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.57 bp | 10.3 bp −$10 | 23.7 bp −$237 | 75.1 bp −$7,506 | 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_ETCUSDlong | −0.0016% | 1h | 8.8415 | long leg | $1.9M | $714K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.8217 | −0.224% | $9K | $46 | 10x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8309 | −0.120% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.379% | $34 | $102K | 5.5x | as long as short |
| Deribit ETC_USDC-PERPETUAL | +0.0056% | 1h | 8.8378 | −0.042% | $501 | — | 50x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8445 | +0.034% | $2.5M | $600K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8274 | −0.160% | $988K | $11K | 10x | as long as short |
| Binance ETCUSDTshort | +0.0100% | 8h | 8.8428 | +0.014% | $26.6M | $69.2M | 75x | |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8310 | −0.119% | $13.0M | $7.5M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8350 | −0.074% | $8.7M | $17.2M | 50x | as long as short |
dYdX ETC-USD
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
Deribit ETC_USDC-PERPETUAL
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 | 8.8330 | −0.096% | $3.6M | $2.5M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8380 | −0.040% | $7.3M | $32.6M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8370 | −0.051% | $2.8M | $691K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8384 | −0.035% | $9.8M | $3.9M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.8360 | −0.062% | — | $705K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8101 | −0.355% | $124K | $3K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8400 | −0.017% | $170 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8410 | −0.006% | $121K | $294K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8440 | +0.028% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8304 | −0.126% | $11K | $91K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.8650 | +0.266% | $1.4M | $206K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0616% | 1h | 9.0540 | +2.403% | $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
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX