Funding you earn now, next payment 12:00 UTC−0.0366%/8h= −40.0% APRpaid last 24h −0.033%
Price spread now: Kraken Futures against Variational Omni+0.337%7-day average +0.048% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.045%+$4 on $10k
+Price spread, last 4 days (all we have)−0.415%−$42 · spread now +0.337%, 7d avg +0.048%
=Together, before fees−0.370%+ Points / potential airdropVariational Omni: Active · farm board−$37 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.288% dearer against Variational Omni than usual: you sell high and buy low (spread +0.337% now, against its 7-day average of +0.048%): +$29 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.045% in total (about 4.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ETC | 8.6027 | 0.0100 | pay 0.0100% / 8h | 4h 48m | $121K | $5K | — |
| Short | Kraken Futures PF_ETCUSD | 8.6317 | −0.0266 | pay 0.0033% / 1h | 48m 01s | $1.9M | $744K | 50x |
Variational Omni ETC
Kraken Futures PF_ETCUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Variational Omni. 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
- −$76.81
- Price spread: +0.337% → +0.048%
- $28.85
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$57.96
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 59 min ago; Kraken Futures: live order book, 4 min ago. 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 Variational Omni RFQ quote, 59 min ago | 3.85 bp | doesn't fit | 36.1 bp −$361 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 4.64 bp | 26.0 bp −$26 | 42.7 bp −$427 | doesn't fit | doesn't fit |
ETC on 22 exchanges
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 | −0.0266% | 1h | 8.6317 | +0.337% | $1.9M | $744K | 50x | |
| Gate ETC_USDT | −0.0200% | 8h | 8.6280 | +0.294% | $3.4M | $3.0M | 60x | as long as short |
| Deribit ETC_USDC-PERPETUAL | −0.0190% | 1h | 8.6334 | +0.357% | — | — | 50x | as long as short |
| Bybit ETCUSDT | −0.0025% | 8h | 8.6300 | +0.317% | $12.8M | $9.0M | 75x | as long as short |
| gTrade (Gains Network) ETC/USD | L +0.0006% / S 0.0000% | 1h | 8.6351 | +0.377% | $193 | — | 150x | as long as short |
| dYdX ETC-USD | +0.0018% | 1h | 8.6364 | +0.392% | $8K | $3K | 10x | as long as short |
| Injective ETC/USDC PERP | +0.0033% | 1h | 8.8750 | +3.165% | $34 | $102K | 5.5x | as long as short |
| Hyperliquid ETC | +0.0100% | 1h | 8.6444 | +0.484% | $2.5M | $595K | 5x | as long as short |
| Aster ETCUSDT | +0.0100% | 8h | 8.6228 | +0.233% | $965K | $10K | 10x | as long as short |
| Binance ETCUSDT | +0.0100% | 8h | 8.6348 | +0.373% | $25.6M | $67.0M | 75x | as long as short |
Gate ETC_USDT
Deribit ETC_USDC-PERPETUAL
Bybit ETCUSDT
gTrade (Gains Network) ETC/USD
dYdX ETC-USD
Injective ETC/USDC PERP
Hyperliquid ETC
Aster ETCUSDT
Binance ETCUSDTShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ETC-USDT-SWAP | +0.0100% | 8h | 8.6370 | +0.398% | $8.5M | $16.3M | 50x | as long as short |
| MEXC ETC_USDT | +0.0100% | 8h | 8.6390 | +0.422% | $6.3M | $23.2M | 200x | as long as short |
| KuCoin ETCUSDTM | +0.0100% | 8h | 8.6320 | +0.340% | $2.8M | $929K | 50x | as long as short |
| Bitget ETCUSDT | +0.0100% | 8h | 8.6380 | +0.410% | $9.4M | $3.8M | 75x | as long as short |
| BingX ETC-USDC | +0.0100% | 8h | 8.6310 | +0.329% | — | $701K | — | as long as short |
| Variational Omni ETClong | +0.0100% | 8h | 8.6027 | long leg | $121K | $5K | — | |
| SoDEX ETC-USD | +0.0100% | 1h | 8.6330 | +0.352% | $225 | $5K | 5x | as long as short |
| HTX ETC-USDT | +0.0100% | 8h | 8.6335 | +0.358% | $119K | $324K | 75x | as long as short |
| Phemex ETCUSDT | +0.0100% | 8h | 8.6310 | +0.329% | $1.8M | $2.7M | 50x | as long as short |
| Extended ETC-USD | +0.0104% | 1h | 8.6319 | +0.340% | $4K | $222K | 25x | as long as short |
| BloFin ETC-USDT | +0.0400% | 8h | 8.6110 | +0.096% | $1.4M | $309K | 50x | as long as short |
| Coinbase International ETC-PERP-INTX | +0.0504% | 1h | 8.7300 | +1.480% | $33K | $14K | 50x | as long as short |
OKX ETC-USDT-SWAP
MEXC ETC_USDT
KuCoin ETCUSDTM
Bitget ETCUSDT
BingX ETC-USDC
SoDEX ETC-USD
HTX ETC-USDT
Phemex ETCUSDT
Extended ETC-USD
BloFin ETC-USDT
Coinbase International ETC-PERP-INTX