Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.028%

Price spread now: HTX against Deribit−0.036%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 HTX

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. HTX is 0.036% cheaper against Deribit than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 28 hours 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	8.7245	0	get 0.0000% / 1h	36m 12s	—	—	50x
Short	HTX ETC-USDT	8.7214	0.0100	get 0.0100% / 8h	1h 36m	$117K	$309K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.036%Rate

Funding earned: $21
Price spread: −0.036% → 0.000%: −$3.55
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$1.55
Costs to cover: 0.190%
Break-even: 7.5 days

Slippage unknown: Deribit: no order-book sample; HTX: live order book, 6 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 HTX live order book, 6 min ago	18.88 bp	41.1 bp −$41	278.6 bp −$2,786	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
Kraken Futures PF_ETCUSD	−0.0275%	1h	8.7246	+0.001%	$1.9M	$720K	50x	as long as short
dYdX ETC-USD	0.0000%	1h	8.7288	+0.049%	$9K	$25	10x	as long as short
Deribit ETC_USDC-PERPETUALlong	0.0000%	1h	8.7245	long leg	—	—	50x
gTrade (Gains Network) ETC/USD	L +0.0006% / S −0.0006%	1h	8.7290	+0.052%	—	—	150x	as long as short
Injective ETC/USDC PERP	+0.0033%	1h	8.8750	+1.725%	$34	$102K	5.5x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.7324	+0.091%	$2.5M	$617K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.7250	+0.005%	$976K	$8K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.7250	+0.006%	$26.2M	$71.7M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.7200	−0.052%	$12.9M	$8.7M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.7250	+0.006%	$8.4M	$17.9M	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_USDT	+0.0100%	8h	8.7250	+0.006%	$3.5M	$2.9M	60x	as long as short
MEXC ETC_USDT	+0.0100%	8h	8.7250	+0.006%	$6.8M	$33.1M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.7260	+0.017%	$2.8M	$711K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.7289	+0.050%	$9.6M	$3.9M	75x	as long as short
BingX ETC-USDT	+0.0100%	8h	8.7220	−0.029%	—	$20.4M	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.7290	+0.051%	$123K	$5K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.7230	−0.017%	$187	$5K	5x	as long as short
HTX ETC-USDTshort	+0.0100%	8h	8.7214	−0.036%	$117K	$309K	75x
Phemex ETCUSDT	+0.0100%	8h	8.7280	+0.040%	$2.0M	$2.8M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.7228	−0.020%	$11K	$100K	25x	as long as short
Coinbase International ETC-PERP-INTX	+0.0104%	1h	8.7950	+0.808%	$33K	$22K	50x	as long as short
BloFin ETC-USDT	+0.0400%	8h	8.7350	+0.120%	$1.4M	$296K	50x	as long as short