Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: BloFin against SoDEX−0.091%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on BloFin

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. BloFin is 0.091% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.091% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.5 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ETC-USD	8.8210	0.0100	pay 0.0013% / 1h	22m 59s	$137	$5K	5x
Short	BloFin ETC-USDT	8.8130	0.0220	get 0.0220% / 8h	2h 22m	$1.4M	$216K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SoDEX. 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 SoDEXbpFee BloFinbpOrdersPrice spread, now −0.091%Rate

Funding earned: $25.2
Price spread: −0.091% → 0.000%: −$9.07
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$3.87
Costs to cover: 0.200%
Break-even: 8.1 days

Slippage unknown: SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 5 min ago	0.57 bp	9.9 bp −$10	17.3 bp −$173	46.3 bp −$4,626	doesn't fit

SoDEX: 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
Injective ETC/USDC PERP	−0.0037%	1h	8.7920	−0.329%	$33	$77K	5.5x	as long as short
dYdX ETC-USD	0.0000%	1h	8.8149	−0.069%	$9K	$46	10x	as long as short
Deribit ETC_USDC-PERPETUAL	0.0000%	1h	8.8240	+0.034%	$500	$978	50x	as long as short
gTrade (Gains Network) ETC/USD	L +0.0006% / S −0.0006%	1h	8.8199	−0.012%	—	—	150x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.8260	+0.057%	$2.2M	$421K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.8254	+0.050%	$988K	$11K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.8260	+0.057%	$26.4M	$70.5M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.8180	−0.034%	$13.0M	$7.3M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.8200	−0.011%	$8.7M	$16.3M	50x	as long as short
Gate ETC_USDT	+0.0100%	8h	8.8220	+0.011%	$3.6M	$2.4M	60x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ETC_USDT	+0.0100%	8h	8.8200	−0.011%	$7.8M	$36.8M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.8240	+0.034%	$2.8M	$728K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.8193	−0.019%	$9.7M	$3.6M	75x	as long as short
BingX ETC-USDC	+0.0100%	8h	8.8230	+0.023%	—	$713K	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.8082	−0.145%	$125K	$2K	—	as long as short
SoDEX ETC-USDlong	+0.0100%	1h	8.8210	long leg	$137	$5K	5x
HTX ETC-USDT	+0.0100%	8h	8.8176	−0.039%	$133K	$275K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.8240	+0.034%	$2.0M	$2.6M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.8204	−0.007%	$4K	$181K	25x	as long as short
Kraken Futures PF_ETCUSD	+0.0180%	1h	8.8234	+0.027%	$2.0M	$680K	50x	as long as short
BloFin ETC-USDTshort	+0.0220%	8h	8.8130	−0.091%	$1.4M	$216K	50x
Coinbase International ETC-PERP-INTX	+0.0632%	1h	8.8330	+0.136%	$35K	$13K	50x	as long as short