Funding you earn now, next payment 05:00 UTC−0.0219%/8h= −24.0% APRpaid last 24h −0.048%
Price spread now: Kraken Futures against KuCoin+0.002%52s7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$870.873% of the position
Funding, last 7 days−0.055%−$5 on $10k
+Price spread, last 4 days (all we have)−0.239%−$24 · spread now +0.002%, 7d avg +0.026%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 0.023% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.026%). Swap the legs. The two prices were read 52 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 -0.055% in total (about -2.8% 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 | KuCoin ETCUSDTM | 8.8160 | 0.0100 | pay 0.0100% / 8h | 3h 17m | $2.9M | $664K | 50x |
| Short | Kraken Futures PF_ETCUSD | 8.8162 | −0.0119 | pay 0.0015% / 1h | 17m 25s | $1.9M | $697K | 50x |
KuCoin ETCUSDTM
Kraken Futures PF_ETCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against KuCoin. 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
- −$45.97
- Price spread: +0.002% → +0.026%
- −$2.33
- Slippage, 4 orders
- −$65.31
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$135.61
- Costs to cover
- 0.873%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Kraken Futures: live order book, 1 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 KuCoin live order book, 5 min ago | 7.95 bp | 20.8 bp −$21 | 78.0 bp −$780 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 4.54 bp | 20.9 bp −$21 | 66.6 bp −$666 | doesn't fit | 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_ETCUSDshort | −0.0119% | 1h | 8.8162 | +0.002% | $1.9M | $697K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.8163 | +0.003% | $9K | $71 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.8159 | −0.001% | — | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.8177 | +0.019% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +0.669% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.8289 | +0.146% | $2.5M | $612K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.8164 | +0.004% | $987K | $8K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.8208 | +0.055% | $26.3M | $69.9M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.8150 | −0.011% | $12.9M | $8.1M | 75x | as long as short |
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.8220 | +0.068% | $8.5M | $17.7M | 50x | as long as short |
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
Hyperliquid ETC
Aster ETCUSDT
Binance 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 | 8.8190 | +0.034% | $3.5M | $2.9M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.8200 | +0.045% | $6.9M | $33.1M | 200x | as long as short |
| KuCoin ETCUSDTMlong | +0.0100% | 8h | 8.8160 | long leg | $2.9M | $664K | 50x | |
| Bitget ETCUSDT | +0.0100% | 8h | 8.8181 | +0.024% | $9.7M | $3.7M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.8180 | +0.023% | — | $710K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.8070 | −0.103% | $125K | $4K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.8160 | 0.000% | $176 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.8110 | −0.057% | $119K | $294K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.8170 | +0.011% | $2.0M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.8186 | +0.029% | $12K | $93K | 25x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0208% | 1h | 8.7360 | −0.907% | $33K | $21K | 50x | as long as short |
| BloFin ETC-USDT | +0.0344% | 8h | 8.8080 | −0.091% | $1.4M | $282K | 50x | as long as short |
Gate ETC_USDT
MEXC ETC_USDT
Bitget ETCUSDT
BingX ETC-USDC
Variational Omni ETC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
Coinbase International ETC-PERP-INTX
BloFin ETC-USDT