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: HTX against dYdX−0.078%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 HTX

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. HTX is 0.078% cheaper against dYdX than usual: you would sell low and buy high (spread −0.078% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.6 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	8.8097	0	get 0.0000% / 1h	25m 10s	$9K	$46	10x
Short	HTX ETC-USDT	8.8029	0.0100	get 0.0100% / 8h	2h 25m	$132K	$275K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.078%Rate

Funding earned: $21
Price spread: −0.078% → 0.000%: −$7.77
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$8.77
Costs to cover: 0.220%
Break-even: 9.9 days

Slippage unknown: dYdX: no order-book sample; HTX: live order book, 61 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 HTX live order book, 61 min ago	20.30 bp	27.0 bp −$27	224.9 bp −$2,249	doesn't fit	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	−0.201%	$33	$77K	5.5x	as long as short
dYdX ETC-USDlong	0.0000%	1h	8.8097	long leg	$9K	$46	10x
Deribit ETC_USDC-PERPETUAL	0.0000%	1h	8.8104	+0.007%	$499	$978	50x	as long as short
gTrade (Gains Network) ETC/USD	L +0.0006% / S −0.0006%	1h	8.8090	−0.008%	—	—	150x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.8149	+0.058%	$2.2M	$423K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.8025	−0.083%	$985K	$11K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.8070	−0.031%	$26.3M	$70.5M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.7980	−0.133%	$12.9M	$7.3M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.8050	−0.054%	$8.7M	$16.2M	50x	as long as short
Gate ETC_USDT	+0.0100%	8h	8.8090	−0.008%	$3.5M	$2.4M	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	8.8060	−0.043%	$7.8M	$36.8M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.8070	−0.031%	$2.8M	$728K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.8059	−0.044%	$9.7M	$3.6M	75x	as long as short
BingX ETC-USDT	+0.0100%	8h	8.8030	−0.077%	—	$20.6M	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.8082	−0.018%	$125K	$2K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.8080	−0.020%	$138	$5K	5x	as long as short
HTX ETC-USDTshort	+0.0100%	8h	8.8029	−0.078%	$132K	$275K	75x
Phemex ETCUSDT	+0.0100%	8h	8.8040	−0.065%	$2.0M	$2.6M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.8040	−0.065%	$4K	$181K	25x	as long as short
Kraken Futures PF_ETCUSD	+0.0180%	1h	8.8103	+0.006%	$2.0M	$679K	50x	as long as short
BloFin ETC-USDT	+0.0220%	8h	8.8100	+0.003%	$1.4M	$216K	50x	as long as short
Coinbase International ETC-PERP-INTX	+0.0632%	1h	8.8200	+0.116%	$35K	$13K	50x	as long as short