Funding you earn now, next payment 06:00 UTC+0.0237%/8h= +25.9% APRnext payment +$0.30 per $10,000 · paid last 24h +0.023%
Price spread now: Injective against Kraken Futures+2.571%63s7-day average −0.280% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 4 days (all we have)−2.916%−$292 · spread now +2.571%, 7d avg −0.280%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 2.850% dearer against Kraken Futures than usual: you sell high and buy low: +$285 more if the spread goes back to its 7-day average of −0.280%. The two prices were read 63 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 7 days it paid 0.082% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 per $10,000. 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 | 8.6526 | −0.0204 | get 0.0025% / 1h | 27m 37s | $1.9M | $717K | 50x |
| Short | Injective ETC/USDC PERP | 8.8750 | 0.0033 | get 0.0004% / 1h | 27m 37s | $34 | $102K | 5.5x |
Kraken Futures PF_ETCUSD
Injective ETC/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $49.75
- Price spread: +2.571% → −0.280%
- $285.02
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $324.74
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 1 min ago; Injective: no order-book sample. 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 Kraken Futures live order book, 1 min ago | 5.20 bp | 24.4 bp −$24 | 46.9 bp −$469 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ETC-PERP-INTX | −0.0456% | 1h | 8.7950 | +1.646% | $33K | $22K | 50x | as long as short |
| Kraken Futures PF_ETCUSDlong | −0.0204% | 1h | 8.6526 | long leg | $1.9M | $717K | 50x | |
| Deribit ETC_USDC-PERPETUAL | −0.0062% | 1h | 8.6521 | −0.006% | — | — | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.6578 | +0.060% | $9K | $25 | 10x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.6598 | +0.084% | — | — | 150x | as long as short |
| Injective ETC/USDC PERPshort | +0.0033% | 1h | 8.8750 | +2.571% | $34 | $102K | 5.5x | |
| Hyperliquid ETC | +0.0100% | 1h | 8.6595 | +0.080% | $2.4M | $619K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.6487 | −0.044% | $968K | $8K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.6527 | +0.002% | $25.8M | $71.9M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.6460 | −0.076% | $12.8M | $8.6M | 75x | as long as short |
Coinbase International ETC-PERP-INTX
Deribit ETC_USDC-PERPETUAL
dYdX ETC-USD
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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.6490 | −0.041% | $8.3M | $17.8M | 50x | as long as short |
| Gate ETC_USDT | +0.0100% | 8h | 8.6490 | −0.041% | $3.4M | $2.9M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.6530 | +0.005% | $6.5M | $33.2M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.6530 | +0.005% | $2.8M | $716K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.6520 | −0.007% | $9.5M | $3.9M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.6500 | −0.030% | — | $706K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.6562 | +0.041% | $121K | $5K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.6530 | +0.005% | $185 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.6472 | −0.062% | $116K | $303K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.6530 | +0.005% | $2.0M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.6507 | −0.022% | $11K | $94K | 25x | as long as short |
| BloFin ETC-USDT | +0.0400% | 8h | 8.6740 | +0.248% | $1.4M | $291K | 50x | as long as short |
OKX ETC-USDT-SWAP
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