Funding you earn now, next payment 08:00 UTC+0.0300%/8h= +32.8% APRnext payment +$3.00 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against OKX−0.012%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$480.476% of the position
Funding, last 7 days+0.157%+$16 on $10k
+Price spread, last 4 days (all we have)−0.296%−$30 · spread now −0.012%, 7d avg +0.029%
=Funding pays, the price is against you. BloFin is 0.041% cheaper against OKX than usual: you would sell low and buy high (spread −0.012% now, against its 7-day average of +0.029%). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.157% in total) that is about 44 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.157% in total (about 8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.00 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 | OKX ETC-USDT-SWAP | 8.6450 | 0.0100 | pay 0.0100% / 8h | 2h 27m | $8.3M | $17.8M | 50x |
| Short | BloFin ETC-USDT | 8.6440 | 0.0400 | get 0.0400% / 8h | 2h 27m | $1.4M | $290K | 50x |
OKX ETC-USDT-SWAP
BloFin ETC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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
- $63
- Price spread: −0.012% → +0.029%
- −$4.08
- Slippage, 4 orders
- −$25.56
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $11.36
- Costs to cover
- 0.476%
- Break-even
- 5.7 days
Slippage from OKX: live order book, 1 min ago; BloFin: live order book, 6 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 OKX live order book, 1 min ago | 0.58 bp | 10.2 bp −$10 | 31.0 bp −$310 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 0.58 bp | 10.9 bp −$11 | 20.3 bp −$203 | 56.1 bp −$5,615 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International ETC-PERP-INTX | −0.0456% | 1h | 8.7950 | +1.735% | $33K | $22K | 50x | as long as short |
| Kraken Futures PF_ETCUSD | −0.0204% | 1h | 8.6459 | +0.011% | $1.9M | $717K | 50x | as long as short |
| Deribit ETC_USDC-PERPETUAL | −0.0154% | 1h | 8.6502 | +0.060% | — | — | 50x | as long as short |
| dYdX ETC-USD | 0.0000% | 1h | 8.6578 | +0.148% | $9K | $25 | 10x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.6577 | +0.146% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +2.660% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.6557 | +0.124% | $2.4M | $619K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.6461 | +0.013% | $968K | $8K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.6461 | +0.013% | $25.8M | $71.9M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.6430 | −0.023% | $12.8M | $8.6M | 75x | as long as short |
Coinbase International ETC-PERP-INTX
Kraken Futures PF_ETCUSD
Deribit ETC_USDC-PERPETUAL
dYdX ETC-USD
gTrade (Gains Network) ETC/USD
Injective ETC/USDC PERP
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-SWAPlong | +0.0100% | 8h | 8.6450 | long leg | $8.3M | $17.8M | 50x | |
| Gate ETC_USDT | +0.0100% | 8h | 8.6460 | +0.012% | $3.4M | $2.9M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.6480 | +0.035% | $6.5M | $33.2M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.6530 | +0.093% | $2.8M | $716K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.6440 | −0.012% | $9.5M | $3.9M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.6480 | +0.035% | — | $706K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.6562 | +0.129% | $121K | $5K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.6470 | +0.023% | $184 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.6465 | +0.017% | $116K | $303K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.6540 | +0.104% | $2.0M | $2.8M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.6466 | +0.018% | $11K | $94K | 25x | as long as short |
| BloFin ETC-USDTshort | +0.0400% | 8h | 8.6440 | −0.012% | $1.4M | $290K | 50x |
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