Settings8H · net · $10k
Funding arb · Price arb /

ETC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against BingX+0.021%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$57as in the Price arb table
costs, in and out, $10k−$530.529% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.005%$0 on $10k
Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.021%, 7d avg +0.059%
Together, before fees−0.096%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.039% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.059%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETC-USDC8.77400.0100pay 0.0100% / 8h4h 58m$707K
ShortHyperliquid ETC8.77580.0100get 0.0013% / 1h58m 07s$2.5M$596K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.021% → +0.059%
−$3.88
Slippage, 4 orders
−$33.93
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$56.8
Costs to cover
0.529%
Break-even
never at this rate
Slippage from BingX: live order book, 61 min ago; Hyperliquid: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 61 min ago1.70 bp14.7 bp −$1557.0 bp −$570274.9 bp −$27.5K912.1 bp −$456.0K
Sell Hyperliquid live order book, 3 min ago0.68 bp18.6 bp −$19doesn't fitdoesn't fitdoesn't fit

ETC on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ETCUSD−0.0227%1h8.7719−0.024%$1.9M$687K50xas long as short
Deribit ETC_USDC-PERPETUAL−0.0001%1h8.7758+0.021%$49750xas long as short
dYdX ETC-USD0.0000%1h8.7911+0.194%$9K$7110xas long as short
gTrade (Gains Network) ETC/USDL +0.0006% / S −0.0006%1h8.7846+0.121%150xas long as short
Injective ETC/USDC PERP+0.0033%1h8.8750+1.151%$34$102K5.5xas long as short
Hyperliquid ETCshort+0.0100%1h8.7758+0.021%$2.5M$596K5x
Aster ETCUSDT+0.0100%8h8.7803+0.072%$983K$11K10xas long as short
Binance ETCUSDT+0.0100%8h8.7626−0.130%$26.3M$68.3M75xas long as short
Bybit ETCUSDT+0.0100%8h8.7590−0.171%$12.8M$7.7M75xas long as short
OKX ETC-USDT-SWAP+0.0100%8h8.7610−0.148%$8.5M$17.0M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ETC_USDT+0.0100%8h8.7840+0.114%$3.6M$2.5M60xas long as short
MEXC ETC_USDT+0.0100%8h8.7780+0.046%$7.4M$32.8M200xas long as short
KuCoin ETCUSDTM+0.0100%8h8.7830+0.103%$2.9M$639K50xas long as short
Bitget ETCUSDT+0.0100%8h8.7755+0.017%$9.6M$3.6M75xas long as short
BingX ETC-USDClong+0.0100%8h8.7740long leg$707K
Variational Omni ETC+0.0100%8h8.7822+0.093%$123K$3Kas long as short
SoDEX ETC-USD+0.0100%1h8.77400.000%$182$5K5xas long as short
HTX ETC-USDT+0.0100%8h8.7935+0.222%$119K$292K75xas long as short
Phemex ETCUSDT+0.0100%8h8.7780+0.046%$2.0M$2.7M50xas long as short
Extended ETC-USD+0.0104%1h8.7851+0.127%$15K$92K25xas long as short
BloFin ETC-USDT+0.0220%8h8.7900+0.182%$1.4M$246K50xas long as short
Coinbase International ETC-PERP-INTX+0.0800%1h8.8490+0.855%$35K$20K50xas long as short