Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Variational Omni+0.489%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on dYdX

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. dYdX is 0.489% dearer against Variational Omni than usual: you sell high and buy low (spread +0.489% now, against zero (this spread has no 7-day history yet)): +$49 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ETC	8.8093	0.0100	pay 0.0100% / 8h	1h 50m	$125K	$2K	—
Short	dYdX ETC-USD	8.8523	0	get 0.0000% / 1h	50m 43s	$9K	$46	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Variational Omni. 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 Variational OmnibpFee dYdXbpOrdersPrice spread, now +0.489%Rate

Funding earned: −$21
Price spread: +0.489% → 0.000%: $48.88
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: $17.88
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 33 min ago; dYdX: 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 Variational Omni RFQ quote, 33 min ago	3.27 bp	doesn't fit	45.2 bp −$452	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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	−0.0216%	1h	8.8516	+0.481%	$2.0M	$674K	50x	as long as short
dYdX ETC-USDshort	0.0000%	1h	8.8523	+0.489%	$9K	$46	10x
Deribit ETC_USDC-PERPETUAL	0.0000%	1h	8.8478	+0.438%	$501	$978	50x	as long as short
gTrade (Gains Network) ETC/USD	L +0.0006% / S −0.0006%	1h	8.8488	+0.448%	—	—	150x	as long as short
Injective ETC/USDC PERP	+0.0033%	1h	8.7920	−0.196%	$33	$77K	5.5x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.8574	+0.547%	$2.2M	$415K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.8479	+0.439%	$990K	$11K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.8537	+0.505%	$26.3M	$67.5M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.8490	+0.451%	$13.0M	$7.3M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.8430	+0.383%	$8.7M	$16.3M	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	8.8460	+0.417%	$3.6M	$2.4M	60x	as long as short
MEXC ETC_USDT	+0.0100%	8h	8.8540	+0.508%	$7.7M	$32.0M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.8510	+0.474%	$2.9M	$726K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.8504	+0.467%	$9.8M	$3.7M	75x	as long as short
BingX ETC-USDT	+0.0100%	8h	8.8500	+0.463%	—	$20.6M	—	as long as short
Variational Omni ETClong	+0.0100%	8h	8.8093	long leg	$125K	$2K	—
SoDEX ETC-USD	+0.0100%	1h	8.8450	+0.406%	$126	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.8470	+0.429%	$133K	$268K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.8450	+0.406%	$2.0M	$2.6M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.8480	+0.439%	$11K	$191K	25x	as long as short
BloFin ETC-USDT	+0.0220%	8h	8.8500	+0.463%	$1.4M	$218K	50x	as long as short
Coinbase International ETC-PERP-INTX	+0.0536%	1h	8.8530	+0.497%	$35K	$13K	50x	as long as short