Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Binance against dYdX−0.094%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Binance

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. Binance is 0.094% cheaper against dYdX than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.1 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	dYdX ETC-USD	8.7870	0	get 0.0000% / 1h	54m 11s	$9K	$46	10x
Short	Binance ETCUSDT	8.7787	0.0100	get 0.0100% / 8h	2h 54m	$26.4M	$69.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now −0.094%Rate

Funding earned: $21
Price spread: −0.094% → 0.000%: −$9.44
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$8.44
Costs to cover: 0.200%
Break-even: 9.8 days

Slippage unknown: dYdX: no order-book sample; Binance: 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 dYdX no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	0.57 bp	8.8 bp −$9	19.0 bp −$190	70.7 bp −$7,068	doesn't fit

dYdX: 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 PERP	−0.0037%	1h	8.7920	+0.057%	$33	$77K	5.5x	as long as short
dYdX ETC-USDlong	0.0000%	1h	8.7870	long leg	$9K	$46	10x
Deribit ETC_USDC-PERPETUAL	0.0000%	1h	8.7866	−0.004%	$498	$978	50x	as long as short
gTrade (Gains Network) ETC/USD	L +0.0006% / S −0.0006%	1h	8.7802	−0.077%	—	—	150x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.7831	−0.044%	$2.2M	$420K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.7809	−0.069%	$983K	$11K	10x	as long as short
Binance ETCUSDTshort	+0.0100%	8h	8.7787	−0.094%	$26.4M	$69.9M	75x
Bybit ETCUSDT	+0.0100%	8h	8.7710	−0.182%	$12.9M	$7.4M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.7690	−0.204%	$8.6M	$16.3M	50x	as long as short
Gate ETC_USDT	+0.0100%	8h	8.7740	−0.147%	$3.5M	$2.3M	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	8.7790	−0.091%	$8.1M	$36.7M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.7770	−0.113%	$2.8M	$768K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.7750	−0.136%	$9.7M	$3.7M	75x	as long as short
BingX ETC-USDC	+0.0100%	8h	8.7750	−0.136%	—	$712K	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.7695	−0.199%	$124K	$2K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.7740	−0.147%	$150	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.7830	−0.045%	$132K	$275K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.7780	−0.102%	$2.0M	$2.6M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.7792	−0.089%	$4K	$181K	25x	as long as short
Kraken Futures PF_ETCUSD	+0.0181%	1h	8.7768	−0.116%	$1.9M	$667K	50x	as long as short
BloFin ETC-USDT	+0.0220%	8h	8.7820	−0.056%	$1.5M	$212K	50x	as long as short
Coinbase International ETC-PERP-INTX	+0.0632%	1h	8.8200	+0.376%	$35K	$13K	50x	as long as short