Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.028%

Price spread now: Bybit against gTrade (Gains Network)−0.077%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 Bybit

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. Bybit is 0.077% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.7 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	8.8418	L +0.0006% / S −0.0006%	pay 0.0001% / 1h	29m 11s	—	—	150x
Short	Bybit ETCUSDT	8.8350	0.0100	get 0.0100% / 8h	4h 29m	$12.8M	$7.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.077%Rate

Funding earned: $19.66
Price spread: −0.077% → 0.000%: −$7.67
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$9.01
Costs to cover: 0.210%
Break-even: 10.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago	1.14 bp	17.8 bp −$18	44.7 bp −$447	162.3 bp −$16.2K	doesn't fit

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 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	−0.0225%	1h	8.8459	+0.047%	$1.9M	$682K	50x	as long as short
dYdX ETC-USD	0.0000%	1h	8.8402	−0.018%	$9K	$71	10x	as long as short
Deribit ETC_USDC-PERPETUAL	0.0000%	1h	8.8467	+0.056%	$501	—	50x	as long as short
gTrade (Gains Network) ETC/USDlong	L +0.0006% / S −0.0006%	1h	8.8418	long leg	—	—	150x
Injective ETC/USDC PERP	+0.0033%	1h	8.8750	+0.376%	$34	$102K	5.5x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.8550	+0.150%	$2.5M	$592K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.8495	+0.087%	$990K	$11K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.8459	+0.046%	$26.5M	$68.7M	75x	as long as short
Bybit ETCUSDTshort	+0.0100%	8h	8.8350	−0.077%	$12.8M	$7.8M	75x
OKX ETC-USDT-SWAP	+0.0100%	8h	8.8350	−0.077%	$8.5M	$17.3M	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	8.8450	+0.036%	$3.6M	$2.6M	60x	as long as short
MEXC ETC_USDT	+0.0100%	8h	8.8460	+0.048%	$7.2M	$33.0M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.8450	+0.036%	$2.9M	$644K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.8450	+0.036%	$9.8M	$3.7M	75x	as long as short
BingX ETC-USDT	+0.0100%	8h	8.8450	+0.036%	—	$20.7M	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.8155	−0.298%	$124K	$3K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.8450	+0.036%	$187	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.8435	+0.019%	$120K	$290K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.8460	+0.048%	$2.0M	$2.8M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.8441	+0.026%	$15K	$99K	25x	as long as short
BloFin ETC-USDT	+0.0277%	8h	8.8420	+0.002%	$1.4M	$283K	50x	as long as short
Coinbase International ETC-PERP-INTX	+0.0800%	1h	8.7360	−1.196%	$33K	$21K	50x	as long as short