Funding you earn now, next payment 07:00 UTC−0.0374%/8h= −41.0% APRpaid last 24h −0.045%
Price spread now: Kraken Futures against OKX+0.088%55s7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as 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−$700.703% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)−0.294%−$29 · spread now +0.088%, 7d avg +0.021%
=The price spread pays, funding is against you. Kraken Futures is 0.066% dearer against OKX than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of +0.021%): +$7 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.021% in total) that is about 22 days. The two prices were read 55 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 -0.021% in total (about -1.1% 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 | OKX ETC-USDT-SWAP | 8.7390 | 0.0100 | pay 0.0100% / 8h | 1h 54m | $8.5M | $18.1M | 50x |
| Short | Kraken Futures PF_ETCUSD | 8.7467 | −0.0274 | pay 0.0034% / 1h | 54m 26s | $1.9M | $704K | 50x |
OKX ETC-USDT-SWAP
Kraken Futures PF_ETCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$78.62
- Price spread: +0.088% → +0.021%
- $6.62
- Slippage, 4 orders
- −$50.28
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$142.28
- Costs to cover
- 0.703%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; Kraken Futures: 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 OKX live order book, 4 min ago | 0.57 bp | 13.5 bp −$13 | 33.4 bp −$334 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 3.42 bp | 28.3 bp −$28 | 47.0 bp −$470 | 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 | −0.0274% | 1h | 8.7467 | +0.088% | $1.9M | $704K | 50x | |
| dYdX ETC-USD | 0.0000% | 1h | 8.7359 | −0.036% | $9K | $25 | 10x | as long as short |
| Deribit ETC_USDC-PERPETUAL | 0.0000% | 1h | 8.7379 | −0.013% | — | — | 50x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S −0.0006% | 1h | 8.7415 | +0.029% | — | — | 150x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +1.556% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.7405 | +0.017% | $2.5M | $617K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.7311 | −0.090% | $977K | $8K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.7370 | −0.023% | $26.2M | $71.8M | 75x | as long as short |
| Bybit ETCUSDT | +0.0100% | 8h | 8.7310 | −0.092% | $13.0M | $8.7M | 75x | as long as short |
| OKX ETC-USDT-SWAPlong | +0.0100% | 8h | 8.7390 | long leg | $8.5M | $18.1M | 50x |
dYdX ETC-USD
Deribit ETC_USDC-PERPETUAL
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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ETC_USDT | +0.0100% | 8h | 8.7330 | −0.069% | $3.5M | $2.9M | 60x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.7310 | −0.092% | $6.8M | $33.1M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.7350 | −0.046% | $2.8M | $722K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.7330 | −0.069% | $9.6M | $3.9M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.7360 | −0.034% | — | $705K | — | as long as short |
| Variational Omni ETC | +0.0100% | 8h | 8.7310 | −0.092% | $123K | $5K | — | as long as short |
| SoDEX ETC-USD | +0.0100% | 1h | 8.7400 | +0.011% | $199 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.7330 | −0.069% | $117K | $308K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.7480 | +0.103% | $2.0M | $2.9M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.7299 | −0.104% | $14K | $96K | 25x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0104% | 1h | 8.7950 | +0.641% | $33K | $22K | 50x | as long as short |
| BloFin ETC-USDT | +0.0400% | 8h | 8.7340 | −0.057% | $1.4M | $292K | 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
Coinbase International ETC-PERP-INTX
BloFin ETC-USDT