Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Phemex+0.057%7-day average — · you sell dearer than you buy

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

Long on Phemex 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 0.057% dearer against Phemex than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ETCUSDT	8.8300	0.0100	pay 0.0100% / 8h	3h 56m	$2.0M	$2.8M	50x
Short	gTrade (Gains Network) ETC/USD	8.8350	L +0.0006% / S −0.0006%	get 0.0001% / 1h	56m 35s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Phemex. 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 PhemexbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.057%Rate

Funding earned: −$19.75
Price spread: +0.057% → 0.000%: $5.69
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$36.07
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Phemex: 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 Phemex live order book, 2 min ago	1.70 bp	17.6 bp −$18	50.2 bp −$502	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	−0.0119%	1h	8.8373	+0.082%	$1.9M	$681K	50x	as long as short
dYdX ETC-USD	0.0000%	1h	8.8290	−0.011%	$9K	$71	10x	as long as short
Deribit ETC_USDC-PERPETUAL	0.0000%	1h	8.8329	+0.033%	$500	—	50x	as long as short
gTrade (Gains Network) ETC/USDshort	L +0.0006% / S −0.0006%	1h	8.8350	+0.057%	—	—	150x
Injective ETC/USDC PERP	+0.0033%	1h	8.8750	+0.510%	$34	$102K	5.5x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.8380	+0.091%	$2.5M	$590K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.8273	−0.030%	$988K	$8K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.8301	+0.002%	$26.4M	$69.2M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.8240	−0.068%	$12.8M	$7.8M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.8280	−0.023%	$8.5M	$17.4M	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	8.8310	+0.011%	$3.6M	$2.6M	60x	as long as short
MEXC ETC_USDT	+0.0100%	8h	8.8300	0.000%	$7.1M	$33.0M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.8310	+0.011%	$2.9M	$650K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.8345	+0.051%	$9.7M	$3.7M	75x	as long as short
BingX ETC-USDT	+0.0100%	8h	8.8280	−0.023%	—	$20.7M	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.8370	+0.079%	$125K	$4K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.8320	+0.023%	$179	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.8297	−0.003%	$119K	$291K	75x	as long as short
Phemex ETCUSDTlong	+0.0100%	8h	8.8300	long leg	$2.0M	$2.8M	50x
Extended ETC-USD	+0.0104%	1h	8.8274	−0.030%	$12K	$98K	25x	as long as short
Coinbase International ETC-PERP-INTX	+0.0208%	1h	8.7360	−1.065%	$33K	$21K	50x	as long as short
BloFin ETC-USDT	+0.0345%	8h	8.8320	+0.023%	$1.4M	$283K	50x	as long as short