Funding arb · Price arb /

ETC

all ETC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0556%/8h= +60.9% APRpaid last 24h −0.074%

Price spread now: BingX against Coinbase International−1.512%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. BingX is 1.512% cheaper against Coinbase International than usual: you would sell low and buy high (spread −1.512% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$151 on $10k: about 9.1 days of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ETC-PERP-INTX	8.7950	−0.0456	get 0.0057% / 1h	39m 06s	$33K	$22K	50x
Short	BingX ETC-USDT	8.6620	0.0100	get 0.0100% / 8h	2h 39m	—	$20.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now −1.512%Rate

Funding earned: $116.76
Price spread: −1.512% → 0.000%: −$151.22
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$54.46
Costs to cover: 0.200%
Break-even: 10.3 days

Slippage unknown: Coinbase International: no order-book sample; BingX: live order book, 9 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 Coinbase International no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	1.14 bp	10.4 bp −$10	24.4 bp −$244	59.7 bp −$5,967	188.8 bp −$94.4K

Coinbase International: 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
Coinbase International ETC-PERP-INTXlong	−0.0456%	1h	8.7950	long leg	$33K	$22K	50x
Kraken Futures PF_ETCUSD	−0.0203%	1h	8.6604	−1.530%	$1.9M	$710K	50x	as long as short
Deribit ETC_USDC-PERPETUAL	−0.0142%	1h	8.6636	−1.494%	—	—	50x	as long as short
dYdX ETC-USD	0.0000%	1h	8.6471	−1.681%	$9K	$25	10x	as long as short
gTrade (Gains Network) ETC/USD	L +0.0006% / S −0.0006%	1h	8.6601	−1.534%	—	—	150x	as long as short
Injective ETC/USDC PERP	+0.0033%	1h	8.8750	+0.910%	$34	$102K	5.5x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.6694	−1.428%	$2.4M	$614K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.6559	−1.581%	$969K	$8K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.6622	−1.510%	$25.9M	$71.6M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.6580	−1.558%	$12.6M	$8.4M	75x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETC-USDT-SWAP	+0.0100%	8h	8.6580	−1.558%	$8.3M	$17.7M	50x	as long as short
Gate ETC_USDT	+0.0100%	8h	8.6610	−1.524%	$3.4M	$2.9M	60x	as long as short
MEXC ETC_USDT	+0.0100%	8h	8.6620	−1.512%	$6.4M	$33.1M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.6590	−1.546%	$2.8M	$651K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.6579	−1.559%	$9.5M	$3.9M	75x	as long as short
BingX ETC-USDTshort	+0.0100%	8h	8.6620	−1.512%	—	$20.8M	—
Variational Omni ETC	+0.0100%	8h	8.6691	−1.432%	$122K	$5K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.6610	−1.524%	$180	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.6565	−1.575%	$117K	$300K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.6640	−1.489%	$2.0M	$2.8M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.6587	−1.549%	$11K	$94K	25x	as long as short
BloFin ETC-USDT	+0.0387%	8h	8.6590	−1.546%	$1.4M	$290K	50x	as long as short