Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Binance+0.027%7-day average — · you sell dearer than you buy

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

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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. dYdX is 0.027% dearer against Binance than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ETCUSDT	8.7173	0.0100	pay 0.0100% / 8h	7h 32m	$26.3M	$71.5M	75x
Short	dYdX ETC-USD	8.7196	0	get 0.0000% / 1h	32m 40s	$9K	$25	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$21
Price spread: +0.027% → 0.000%: $2.69
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$38.31
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 10 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 Binance live order book, 10 min ago	0.57 bp	9.0 bp −$9	20.1 bp −$201	89.6 bp −$8,956	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
Gate ETC_USDT	−0.0327%	8h	8.7180	+0.008%	$3.4M	$2.9M	60x	as long as short
dYdX ETC-USDshort	0.0000%	1h	8.7196	+0.027%	$9K	$25	10x
Deribit ETC_USDC-PERPETUAL	0.0000%	1h	8.7209	+0.042%	—	—	50x	as long as short
gTrade (Gains Network) ETC/USD	L +0.0006% / S 0.0000%	1h	8.7243	+0.081%	$195	—	150x	as long as short
Injective ETC/USDC PERP	+0.0033%	1h	8.8750	+1.809%	$34	$102K	5.5x	as long as short
Kraken Futures PF_ETCUSD	+0.0070%	1h	8.7268	+0.110%	$1.9M	$718K	50x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.7283	+0.127%	$2.5M	$616K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.7169	−0.004%	$975K	$8K	10x	as long as short
Binance ETCUSDTlong	+0.0100%	8h	8.7173	long leg	$26.3M	$71.5M	75x
Bybit ETCUSDT	+0.0100%	8h	8.7070	−0.118%	$13.0M	$9.0M	75x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETC-USDT-SWAP	+0.0100%	8h	8.7100	−0.083%	$8.5M	$17.5M	50x	as long as short
MEXC ETC_USDT	+0.0100%	8h	8.7210	+0.043%	$6.8M	$33.1M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.7200	+0.031%	$2.8M	$735K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.7199	+0.030%	$9.6M	$4.0M	75x	as long as short
BingX ETC-USDT	+0.0100%	8h	8.7180	+0.008%	—	$23.3M	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.7321	+0.170%	$123K	$5K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.7200	+0.031%	$211	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.7225	+0.060%	$118K	$310K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.7220	+0.054%	$1.9M	$2.8M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.7206	+0.039%	$4K	$218K	25x	as long as short
BloFin ETC-USDT	+0.0400%	8h	8.7190	+0.020%	$1.4M	$295K	50x	as long as short
Coinbase International ETC-PERP-INTX	+0.0504%	1h	8.7750	+0.662%	$33K	$15K	50x	as long as short