Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.028%

Price spread now: BingX against gTrade (Gains Network)−0.083%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BingX

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. BingX is 0.083% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.083% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 3.0 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	gTrade (Gains Network) ETC/USD	8.8253	L +0.0006% / S −0.0006%	pay 0.0001% / 1h	6m 02s	—	—	150x
Short	BingX ETC-USDC	8.8180	0.0100	get 0.0100% / 8h	6h 06m	—	$705K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.083%Rate

Funding earned: $19.66
Price spread: −0.083% → 0.000%: −$8.29
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$8.64
Costs to cover: 0.200%
Break-even: 10.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 68 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 68 min ago	1.12 bp	11.9 bp −$12	65.0 bp −$650	782.0 bp −$78.2K	1249.2 bp −$624.6K

gTrade (Gains Network): 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 21 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	−0.0016%	1h	8.8228	−0.028%	$1.9M	$705K	50x	as long as short
dYdX ETC-USD	0.0000%	1h	8.8262	+0.010%	$9K	$46	10x	as long as short
Deribit ETC_USDC-PERPETUAL	0.0000%	1h	8.8205	−0.055%	$500	—	50x	as long as short
gTrade (Gains Network) ETC/USDlong	L +0.0006% / S −0.0006%	1h	8.8253	long leg	—	—	150x
Injective ETC/USDC PERP	+0.0033%	1h	8.8750	+0.563%	$34	$102K	5.5x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.8234	−0.022%	$2.5M	$589K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.8232	−0.024%	$987K	$11K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.8173	−0.090%	$26.5M	$69.1M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.8130	−0.140%	$12.9M	$7.8M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.8120	−0.151%	$8.6M	$17.1M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ETC_USDT	+0.0100%	8h	8.8220	−0.038%	$3.6M	$2.6M	60x	as long as short
MEXC ETC_USDT	+0.0100%	8h	8.8210	−0.049%	$7.1M	$32.8M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.8270	+0.019%	$2.9M	$683K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.8180	−0.083%	$9.7M	$3.9M	75x	as long as short
BingX ETC-USDCshort	+0.0100%	8h	8.8180	−0.083%	—	$705K	—
Variational Omni ETC	+0.0100%	8h	8.8120	−0.151%	$124K	$3K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.8190	−0.072%	$161	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.8243	−0.012%	$119K	$301K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.8270	+0.019%	$2.0M	$2.7M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.8205	−0.054%	$14K	$94K	25x	as long as short
Coinbase International ETC-PERP-INTX	+0.0616%	1h	8.9440	+1.345%	$38K	$16K	50x	as long as short