Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.026%

Price spread now: Gate against Deribit−0.061%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 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. Gate is 0.061% cheaper against Deribit than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.0 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ETC_USDC-PERPETUAL	8.8294	0	get 0.0000% / 1h	5m 01s	—	—	50x
Short	Gate ETC_USDT	8.8240	0.0100	get 0.0100% / 8h	7h 05m	$3.5M	$2.9M	60x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Deribit. 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 DeribitbpFee GatebpOrdersPrice spread, now −0.061%Rate

Funding earned: $21
Price spread: −0.061% → 0.000%: −$6.12
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$7.12
Costs to cover: 0.220%
Break-even: 9.4 days

Slippage unknown: Deribit: no order-book sample; Gate: live order book, 3 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 Deribit no order-book sample	—	—	—	—	—
Sell Gate live order book, 3 min ago	6.79 bp	22.9 bp −$23	61.0 bp −$610	doesn't fit	doesn't fit

Deribit: 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
dYdX ETC-USD	0.0000%	1h	8.8379	+0.097%	$9K	$25	10x	as long as short
Deribit ETC_USDC-PERPETUALlong	0.0000%	1h	8.8294	long leg	—	—	50x
gTrade (Gains Network) ETC/USD	L +0.0006% / S 0.0000%	1h	8.8400	+0.120%	$198	—	150x	as long as short
Injective ETC/USDC PERP	+0.0033%	1h	8.8750	+0.516%	$34	$102K	5.5x	as long as short
Kraken Futures PF_ETCUSD	+0.0069%	1h	8.8344	+0.056%	$1.9M	$718K	50x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.8409	+0.130%	$2.5M	$549K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.8296	+0.002%	$988K	$8K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.8310	+0.018%	$26.7M	$69.9M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.8230	−0.072%	$13.2M	$8.9M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.8310	+0.018%	$8.6M	$17.3M	50x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ETC_USDTshort	+0.0100%	8h	8.8240	−0.061%	$3.5M	$2.9M	60x
MEXC ETC_USDT	+0.0100%	8h	8.8300	+0.007%	$6.9M	$33.1M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.8330	+0.041%	$2.8M	$731K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.8300	+0.007%	$9.7M	$3.9M	75x	as long as short
BingX ETC-USDC	+0.0100%	8h	8.8300	+0.007%	—	$706K	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.8310	+0.019%	$124K	$5K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.8320	+0.029%	$213	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.8286	−0.009%	$119K	$307K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.8310	+0.018%	$1.9M	$2.8M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.8285	−0.010%	$6K	$224K	25x	as long as short
BloFin ETC-USDT	+0.0400%	8h	8.8350	+0.063%	$1.4M	$299K	50x	as long as short
Coinbase International ETC-PERP-INTX	+0.0504%	1h	8.7890	−0.458%	$33K	$15K	50x	as long as short