Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0400%/8h= +43.8% APRpaid last 24h +0.084%

Price spread now: BloFin against dYdX−0.197%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 BloFin

What this pair did over the last

the charts below follow

Funding, last 6 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. BloFin is 0.197% cheaper against dYdX than usual: you would sell low and buy high (spread −0.197% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 39 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ETC-USD	8.7893	0	get 0.0000% / 1h	22m 41s	$9K	$25	10x
Short	BloFin ETC-USDT	8.7720	0.0400	get 0.0400% / 8h	7h 22m	$1.4M	$297K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.197%Rate

Funding earned: $84
Price spread: −0.197% → 0.000%: −$19.74
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $42.26
Costs to cover: 0.220%
Break-even: 3.5 days

Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 5 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 BloFin live order book, 5 min ago	2.87 bp	15.1 bp −$15	26.7 bp −$267	58.0 bp −$5,801	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
Gate ETC_USDT	−0.0104%	8h	8.7840	−0.061%	$3.5M	$2.9M	60x	as long as short
dYdX ETC-USDlong	0.0000%	1h	8.7893	long leg	$9K	$25	10x
gTrade (Gains Network) ETC/USD	L +0.0006% / S 0.0000%	1h	8.7718	−0.200%	$197	—	150x	as long as short
Injective ETC/USDC PERP	+0.0033%	1h	8.8750	+0.975%	$34	$102K	5.5x	as long as short
Kraken Futures PF_ETCUSD	+0.0070%	1h	8.7803	−0.103%	$1.9M	$722K	50x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.7907	+0.015%	$2.5M	$584K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.7821	−0.082%	$983K	$8K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.7907	+0.016%	$26.6M	$71.6M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.7860	−0.038%	$13.2M	$8.9M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.7890	−0.004%	$8.5M	$17.7M	50x	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	8.7900	+0.007%	$6.9M	$33.1M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.7950	+0.064%	$2.8M	$737K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.7915	+0.024%	$9.7M	$4.0M	75x	as long as short
BingX ETC-USDC	+0.0100%	8h	8.7880	−0.015%	—	$706K	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.6998	−1.019%	$123K	$5K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.7750	−0.163%	$211	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.7647	−0.280%	$119K	$309K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.7710	−0.209%	$1.9M	$2.8M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.7867	−0.030%	$2K	$220K	25x	as long as short
Deribit ETC_USDC-PERPETUAL	+0.0149%	1h	8.7751	−0.162%	—	—	50x	as long as short
BloFin ETC-USDTshort	+0.0400%	8h	8.7720	−0.197%	$1.4M	$297K	50x
Coinbase International ETC-PERP-INTX	+0.0504%	1h	8.7800	−0.106%	$33K	$15K	50x	as long as short