Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0187%/8h= +20.4% APRpaid last 24h +0.055%

Price spread now: BloFin against Injective−0.023%7-day average — · you buy dearer than you sell

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

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 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 0.023% cheaper against Injective than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 10 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ETC/USDC PERP	8.8750	0.0033	pay 0.0004% / 1h	12m 49s	$34	$102K	5.5x
Short	BloFin ETC-USDT	8.8730	0.0220	get 0.0220% / 8h	1h 12m	$1.4M	$216K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now −0.023%Rate

Funding earned: $39.2
Price spread: −0.023% → 0.000%: −$2.25
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: $24.93
Costs to cover: 0.120%
Break-even: 2.5 days

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 5 min ago	0.56 bp	12.1 bp −$12	15.2 bp −$152	44.4 bp −$4,442	doesn't fit

Injective: 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	−0.0215%	1h	8.8833	+0.094%	$2.0M	$680K	50x	as long as short
dYdX ETC-USD	0.0000%	1h	8.8893	+0.162%	$9K	$46	10x	as long as short
Deribit ETC_USDC-PERPETUAL	0.0000%	1h	8.8815	+0.073%	$503	$978	50x	as long as short
gTrade (Gains Network) ETC/USD	L +0.0006% / S −0.0006%	1h	8.8797	+0.053%	—	—	150x	as long as short
Injective ETC/USDC PERPlong	+0.0033%	1h	8.8750	long leg	$34	$102K	5.5x
Hyperliquid ETC	+0.0100%	1h	8.8987	+0.267%	$2.3M	$427K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.8877	+0.143%	$995K	$11K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.8900	+0.169%	$26.5M	$68.2M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.8870	+0.135%	$13.1M	$7.4M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.8870	+0.135%	$8.8M	$16.6M	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	8.8900	+0.169%	$3.6M	$2.4M	60x	as long as short
MEXC ETC_USDT	+0.0100%	8h	8.8890	+0.158%	$7.5M	$32.4M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.8870	+0.135%	$2.9M	$728K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.8877	+0.143%	$9.8M	$3.8M	75x	as long as short
BingX ETC-USDC	+0.0100%	8h	8.8840	+0.101%	—	$712K	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.8844	+0.106%	$126K	$2K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.8820	+0.079%	$131	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.8815	+0.073%	$133K	$268K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.8820	+0.079%	$2.0M	$2.6M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.8889	+0.157%	$11K	$191K	25x	as long as short
BloFin ETC-USDTshort	+0.0220%	8h	8.8730	−0.023%	$1.4M	$216K	50x
Coinbase International ETC-PERP-INTX	+0.0536%	1h	8.9980	+1.386%	$36K	$13K	50x	as long as short