Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.032%

Price spread now: Variational Omni against Deribit−0.113%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 Variational Omni

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.113% cheaper against Deribit than usual: you would sell low and buy high (spread −0.113% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.8 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	8.9316	0	get 0.0000% / 1h	19m 53s	$506	—	50x
Short	Variational Omni ETC	8.9215	0.0100	get 0.0100% / 8h	7h 19m	$126K	$1K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.113%Rate

Funding earned: $21
Price spread: −0.113% → 0.000%: −$11.28
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $2.72
Costs to cover: 0.070%
Break-even: 6.1 days

Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 54 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 Variational Omni RFQ quote, 54 min ago	3.84 bp	doesn't fit	45.7 bp −$457	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	−0.0193%	1h	8.9360	+0.049%	$2.0M	$713K	50x	as long as short
dYdX ETC-USD	0.0000%	1h	8.9235	−0.091%	$9K	$46	10x	as long as short
Deribit ETC_USDC-PERPETUALlong	0.0000%	1h	8.9316	long leg	$506	—	50x
gTrade (Gains Network) ETC/USD	L +0.0006% / S −0.0006%	1h	8.9311	−0.005%	—	—	150x	as long as short
Injective ETC/USDC PERP	+0.0033%	1h	8.8750	−0.634%	$34	$102K	5.5x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.9430	+0.128%	$2.5M	$580K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.9307	−0.010%	$999K	$11K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.9371	+0.062%	$26.7M	$68.0M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.9330	+0.016%	$13.1M	$7.3M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.9360	+0.049%	$8.9M	$16.9M	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	8.9330	+0.016%	$3.6M	$2.5M	60x	as long as short
MEXC ETC_USDT	+0.0100%	8h	8.9390	+0.083%	$7.8M	$32.6M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.9380	+0.072%	$2.9M	$712K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.9389	+0.082%	$9.9M	$3.7M	75x	as long as short
BingX ETC-USDC	+0.0100%	8h	8.9350	+0.038%	—	$705K	—	as long as short
Variational Omni ETCshort	+0.0100%	8h	8.9215	−0.113%	$126K	$1K	—
SoDEX ETC-USD	+0.0100%	1h	8.9320	+0.004%	$148	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.9225	−0.102%	$122K	$295K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.9310	−0.007%	$2.0M	$2.7M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.9357	+0.046%	$11K	$96K	25x	as long as short
BloFin ETC-USDT	+0.0220%	8h	8.9280	−0.040%	$1.4M	$218K	50x	as long as short
Coinbase International ETC-PERP-INTX	+0.0672%	1h	8.9470	+0.172%	$35K	$14K	50x	as long as short