Funding you earn now, next payment 00:00 UTC+0.0293%/8h= +32.1% APRpaid last 24h +0.049%
Price spread now: Bybit against Kraken Futures−0.108%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$740.738% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 3 days (all we have)+0.275%+$27 · spread now −0.108%, 7d avg −0.053%
=Funding pays, the price is against you. Bybit is 0.055% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of −0.053%). If the spread goes back, that is −$5 on $10k: about 15 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.031% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.031% in total (about 1.6% 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 | Kraken Futures PF_ETCUSD | 8.8526 | −0.0193 | get 0.0024% / 1h | 24m 42s | $1.9M | $721K | 50x |
| Short | Bybit ETCUSDT | 8.8430 | 0.0100 | get 0.0100% / 8h | 24m 42s | $13.0M | $7.4M | 75x |
Kraken Futures PF_ETCUSD
Bybit ETCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $61.59
- Price spread: −0.108% → −0.053%
- −$5.48
- Slippage, 4 orders
- −$52.83
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$17.73
- Costs to cover
- 0.738%
- Break-even
- 9.0 days
Slippage from Kraken Futures: live order book, 4 min ago; Bybit: 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 Kraken Futures live order book, 4 min ago | 2.25 bp | 16.4 bp −$16 | 39.4 bp −$394 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.69 bp | 20.1 bp −$20 | 46.0 bp −$460 | 162.4 bp −$16.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ETC/USDC PERP | −0.0293% | 1h | 8.8750 | +0.254% | $34 | $102K | 5.5x | as long as short |
| Kraken Futures PF_ETCUSDlong | −0.0193% | 1h | 8.8526 | long leg | $1.9M | $721K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.8563 | +0.043% | $9K | $46 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8485 | −0.046% | $501 | $978 | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8505 | −0.023% | — | — | 150x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8618 | +0.104% | $2.3M | $441K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8504 | −0.024% | $990K | $11K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8486 | −0.045% | $26.5M | $68.8M | 75x | as long as short |
| Bybit ETCUSDTshort | +0.0100% | 8h | 8.8430 | −0.108% | $13.0M | $7.4M | 75x | |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8440 | −0.097% | $8.8M | $16.8M | 50x | as long as short |
Injective ETC/USDC PERP
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
gTrade (Gains Network) ETC/USD
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 | 8.8480 | −0.051% | $3.5M | $2.5M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8500 | −0.029% | $7.6M | $32.3M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.8530 | +0.005% | $2.9M | $723K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8470 | −0.063% | $9.8M | $3.8M | 75x | as long as short |
| BingX ETC-USDT | +0.0100% | 8h | 8.8460 | −0.074% | — | $20.6M | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8595 | +0.078% | $126K | $2K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8530 | +0.005% | $130 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8545 | +0.022% | $121K | $298K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8570 | +0.050% | $2.0M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8472 | −0.061% | $11K | $191K | 25x | as long as short |
| BloFin ETC-USDT | +0.0220% | 8h | 8.8540 | +0.016% | $1.4M | $215K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0800% | 1h | 8.9830 | +1.474% | $36K | $13K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDT
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX