Settings8H · net · $10k
Funding arb · Price arb /

ETC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against BingX+0.115%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$590.594% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.005%$0 on $10k
Price spread, last 7 days−0.105%−$11 · spread now +0.115%, 7d avg +0.039%
Together, before fees−0.100%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.076% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ETC-USDT8.97200.0100pay 0.0100% / 8h7h 15m$20.9M
ShortHyperliquid ETC8.98230.0100get 0.0013% / 1h15m 07s$2.6M$581K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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

Funding earned
$0
Price spread: +0.115% → +0.039%
$7.56
Slippage, 4 orders
−$40.38
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$51.82
Costs to cover
0.594%
Break-even
never at this rate
Slippage from BingX: live order book, 8 min ago; Hyperliquid: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 8 min ago1.68 bp9.8 bp −$1020.0 bp −$20050.5 bp −$5,053213.5 bp −$106.8K
Sell Hyperliquid live order book, 6 min ago3.02 bp18.1 bp −$18doesn't fitdoesn't fitdoesn't fit

ETC on 22 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ETCUSD−0.0192%1h8.9795+0.083%$2.0M$713K50xas long as short
dYdX ETC-USD0.0000%1h8.9596−0.138%$9K$4610xas long as short
Deribit ETC_USDC-PERPETUAL0.0000%1h8.9750+0.033%$50850xas long as short
gTrade (Gains Network) ETC/USDL +0.0006% / S −0.0006%1h8.9770+0.056%150xas long as short
Injective ETC/USDC PERP+0.0033%1h8.8750−1.081%$34$102K5.5xas long as short
Hyperliquid ETCshort+0.0100%1h8.9823+0.115%$2.6M$581K5x
Aster ETCUSDT+0.0100%8h8.9629−0.101%$1.0M$11K10xas long as short
Binance ETCUSDT+0.0100%8h8.97200.000%$26.9M$68.2M75xas long as short
Bybit ETCUSDT+0.0100%8h8.9660−0.067%$13.2M$7.3M75xas long as short
OKX ETC-USDT-SWAP+0.0100%8h8.9730+0.011%$8.9M$17.1M50xas long as short
Show all 22 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ETC_USDT+0.0100%8h8.9760+0.045%$3.7M$2.5M60xas long as short
MEXC ETC_USDT+0.0100%8h8.9730+0.011%$7.8M$32.6M200xas long as short
KuCoin ETCUSDTM+0.0100%8h8.9730+0.011%$2.9M$717K50xas long as short
Bitget ETCUSDT+0.0100%8h8.97200.000%$10.0M$3.8M75xas long as short
BingX ETC-USDTlong+0.0100%8h8.9720long leg$20.9M
Variational Omni ETC+0.0100%8h8.9521−0.222%$126K$2Kas long as short
SoDEX ETC-USD+0.0100%1h8.9750+0.033%$151$5K5xas long as short
HTX ETC-USDT+0.0100%8h8.9750+0.033%$123K$295K75xas long as short
Phemex ETCUSDT+0.0100%8h8.9710−0.011%$2.0M$2.7M50xas long as short
Extended ETC-USD+0.0104%1h8.9749+0.032%$12K$96K25xas long as short
BloFin ETC-USDT+0.0220%8h8.9740+0.022%$1.4M$219K50xas long as short
Coinbase International ETC-PERP-INTX+0.0672%1h8.9830+0.123%$36K$14K50xas long as short