Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against OKX+0.165%7-day average — · you sell dearer than you buy

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

Long on OKX Short on gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.165% dearer against OKX than usual: you sell high and buy low (spread +0.165% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ETC-USDT-SWAP	8.8940	0.0100	pay 0.0100% / 8h	1h 35m	$8.8M	$16.5M	50x
Short	gTrade (Gains Network) ETC/USD	8.9087	L +0.0006% / S −0.0006%	get 0.0001% / 1h	35m 58s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against OKX. 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 OKXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.165%Rate

Funding earned: −$19.75
Price spread: +0.165% → 0.000%: $16.48
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$23.27
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 min ago; gTrade (Gains Network): no order-book sample. 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 OKX live order book, 2 min ago	0.56 bp	12.8 bp −$13	41.1 bp −$411	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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	−0.0215%	1h	8.8964	+0.027%	$2.0M	$674K	50x	as long as short
dYdX ETC-USD	0.0000%	1h	8.9102	+0.182%	$9K	$46	10x	as long as short
Deribit ETC_USDC-PERPETUAL	0.0000%	1h	8.9067	+0.143%	$505	$978	50x	as long as short
gTrade (Gains Network) ETC/USDshort	L +0.0006% / S −0.0006%	1h	8.9087	+0.165%	—	—	150x
Injective ETC/USDC PERP	+0.0033%	1h	8.7920	−1.147%	$33	$77K	5.5x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.9099	+0.179%	$2.3M	$429K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.8995	+0.061%	$996K	$11K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.9000	+0.067%	$26.6M	$67.9M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.8970	+0.034%	$13.1M	$7.4M	75x	as long as short
OKX ETC-USDT-SWAPlong	+0.0100%	8h	8.8940	long leg	$8.8M	$16.5M	50x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ETC_USDT	+0.0100%	8h	8.9050	+0.124%	$3.6M	$2.4M	60x	as long as short
MEXC ETC_USDT	+0.0100%	8h	8.9010	+0.079%	$7.6M	$32.2M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.9040	+0.112%	$2.9M	$730K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.8977	+0.042%	$9.8M	$3.8M	75x	as long as short
BingX ETC-USDT	+0.0100%	8h	8.9030	+0.101%	—	$20.6M	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.9475	+0.601%	$126K	$2K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.9010	+0.079%	$125	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.8995	+0.062%	$134K	$269K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.9080	+0.157%	$2.0M	$2.6M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.9004	+0.072%	$12K	$191K	25x	as long as short
BloFin ETC-USDT	+0.0220%	8h	8.9180	+0.270%	$1.4M	$219K	50x	as long as short
Coinbase International ETC-PERP-INTX	+0.0536%	1h	8.9980	+1.169%	$36K	$13K	50x	as long as short