Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.028%

Price spread now: HTX against gTrade (Gains Network)−0.042%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 HTX

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. HTX is 0.042% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 36 hours 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	8.8950	L +0.0006% / S −0.0006%	pay 0.0001% / 1h	36m 49s	—	—	150x
Short	HTX ETC-USDT	8.8913	0.0100	get 0.0100% / 8h	7h 36m	$121K	$295K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.042%Rate

Funding earned: $19.66
Price spread: −0.042% → 0.000%: −$4.16
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$6.5
Costs to cover: 0.220%
Break-even: 9.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, 35 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 HTX live order book, 35 min ago	16.84 bp	24.2 bp −$24	341.5 bp −$3,415	doesn't fit	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	−0.0194%	1h	8.8978	+0.031%	$2.0M	$719K	50x	as long as short
dYdX ETC-USD	0.0000%	1h	8.8986	+0.040%	$9K	$46	10x	as long as short
Deribit ETC_USDC-PERPETUAL	0.0000%	1h	8.8951	+0.001%	$504	$490	50x	as long as short
gTrade (Gains Network) ETC/USDlong	L +0.0006% / S −0.0006%	1h	8.8950	long leg	—	—	150x
Injective ETC/USDC PERP	+0.0033%	1h	8.8750	−0.225%	$34	$102K	5.5x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.9060	+0.124%	$2.5M	$582K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.8896	−0.061%	$995K	$11K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.8950	0.000%	$26.6M	$68.5M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.8890	−0.067%	$13.0M	$7.3M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.8930	−0.022%	$8.8M	$17.0M	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	8.8960	+0.011%	$3.6M	$2.5M	60x	as long as short
MEXC ETC_USDT	+0.0100%	8h	8.8910	−0.045%	$7.9M	$32.5M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.8960	+0.011%	$2.9M	$708K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.8963	+0.015%	$9.9M	$3.8M	75x	as long as short
BingX ETC-USDC	+0.0100%	8h	8.8950	0.000%	—	$707K	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.8911	−0.044%	$126K	$2K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.8930	−0.022%	$151	$5K	5x	as long as short
HTX ETC-USDTshort	+0.0100%	8h	8.8913	−0.042%	$121K	$295K	75x
Phemex ETCUSDT	+0.0100%	8h	8.8980	+0.034%	$2.0M	$2.7M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.8930	−0.023%	$12K	$164K	25x	as long as short
BloFin ETC-USDT	+0.0220%	8h	8.8990	+0.045%	$1.4M	$217K	50x	as long as short
Coinbase International ETC-PERP-INTX	+0.0672%	1h	8.9470	+0.585%	$35K	$14K	50x	as long as short