Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0257%/8h= −28.1% APRpaid last 24h −0.054%

Price spread now: Injective against BloFin+0.034%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.034% dearer against BloFin than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ETC-USDT	8.7890	0.0220	pay 0.0220% / 8h	2h 43m	$1.4M	$215K	50x
Short	Injective ETC/USDC PERP	8.7920	−0.0037	pay 0.0005% / 1h	43m 31s	$33	$77K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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

Position, each leg$Hold fordaysFee BloFinbpFee InjectivebpOrdersPrice spread, now +0.034%Rate

Funding earned: −$53.95
Price spread: +0.034% → 0.000%: $3.41
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$62.55
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 min ago; Injective: no order-book sample. 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 BloFin live order book, 4 min ago	2.84 bp	10.2 bp −$10	14.6 bp −$146	42.2 bp −$4,222	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective ETC/USDC PERPshort	−0.0037%	1h	8.7920	+0.034%	$33	$77K	5.5x
dYdX ETC-USD	0.0000%	1h	8.7826	−0.073%	$9K	$46	10x	as long as short
Deribit ETC_USDC-PERPETUAL	0.0000%	1h	8.7813	−0.088%	$497	$978	50x	as long as short
gTrade (Gains Network) ETC/USD	L +0.0006% / S −0.0006%	1h	8.7830	−0.068%	—	—	150x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.7914	+0.027%	$2.2M	$423K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.7794	−0.110%	$982K	$11K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.7845	−0.052%	$26.3M	$70.4M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.7740	−0.171%	$12.9M	$7.3M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.7790	−0.114%	$8.6M	$16.2M	50x	as long as short
Gate ETC_USDT	+0.0100%	8h	8.7830	−0.068%	$3.5M	$2.4M	60x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ETC_USDT	+0.0100%	8h	8.7830	−0.068%	$7.8M	$36.8M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.7810	−0.091%	$2.8M	$702K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.7829	−0.069%	$9.7M	$3.6M	75x	as long as short
BingX ETC-USDT	+0.0100%	8h	8.7800	−0.102%	—	$20.6M	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.7865	−0.028%	$125K	$2K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.7790	−0.114%	$153	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.7766	−0.141%	$131K	$272K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.7780	−0.125%	$2.0M	$2.6M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.7834	−0.064%	$4K	$181K	25x	as long as short
Kraken Futures PF_ETCUSD	+0.0181%	1h	8.7798	−0.104%	$1.9M	$669K	50x	as long as short
BloFin ETC-USDTlong	+0.0220%	8h	8.7890	long leg	$1.4M	$215K	50x
Coinbase International ETC-PERP-INTX	+0.0632%	1h	8.8200	+0.353%	$35K	$13K	50x	as long as short