Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.028%

Price spread now: Deribit against Bitget+0.035%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Deribit

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. Deribit is 0.035% dearer against Bitget than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ETCUSDT	8.8202	0.0100	pay 0.0100% / 8h	5h 35m	$9.7M	$3.6M	75x
Short	Deribit ETC_USDC-PERPETUAL	8.8233	0	get 0.0000% / 1h	35m 44s	$500	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$21
Price spread: +0.035% → 0.000%: $3.51
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$36.49
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; Deribit: 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 Bitget live order book, 3 min ago	2.28 bp	12.3 bp −$12	19.3 bp −$193	86.3 bp −$8,631	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0010%	1h	8.8214	+0.013%	$1.9M	$692K	50x	as long as short
dYdX ETC-USD	0.0000%	1h	8.8107	−0.108%	$9K	$46	10x	as long as short
Deribit ETC_USDC-PERPETUALshort	0.0000%	1h	8.8233	+0.035%	$500	—	50x
gTrade (Gains Network) ETC/USD	L +0.0006% / S −0.0006%	1h	8.8176	−0.029%	—	—	150x	as long as short
Injective ETC/USDC PERP	+0.0033%	1h	8.8750	+0.621%	$34	$102K	5.5x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.8243	+0.046%	$2.5M	$592K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.8164	−0.043%	$987K	$11K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.8146	−0.064%	$26.4M	$68.0M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.8190	−0.014%	$12.8M	$7.7M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.8230	+0.032%	$8.6M	$17.0M	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	8.8150	−0.059%	$3.6M	$2.6M	60x	as long as short
MEXC ETC_USDT	+0.0100%	8h	8.8270	+0.077%	$7.4M	$32.7M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.8180	−0.025%	$2.9M	$643K	50x	as long as short
Bitget ETCUSDTlong	+0.0100%	8h	8.8202	long leg	$9.7M	$3.6M	75x
BingX ETC-USDC	+0.0100%	8h	8.8150	−0.059%	—	$706K	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.8148	−0.061%	$124K	$3K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.8240	+0.043%	$179	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.8249	+0.053%	$119K	$292K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.8190	−0.014%	$2.0M	$2.7M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.8166	−0.041%	$11K	$93K	25x	as long as short
BloFin ETC-USDT	+0.0220%	8h	8.7850	−0.399%	$1.4M	$192K	50x	as long as short
Coinbase International ETC-PERP-INTX	+0.1048%	1h	8.9440	+1.404%	$38K	$16K	50x	as long as short