Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0225%/8h= +24.6% APRpaid last 24h +0.029%

Price spread now: BingX against Deribit−0.032%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on BingX

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. BingX is 0.032% cheaper against Deribit than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 11 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ETC_USDC-PERPETUAL	8.7978	−0.0125	get 0.0016% / 1h	11m 54s	$498	$978	50x
Short	BingX ETC-USDC	8.7950	0.0100	get 0.0100% / 8h	2h 11m	—	$714K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Deribit. 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 DeribitbpFee BingXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $47.24
Price spread: −0.032% → 0.000%: −$3.18
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: $27.06
Costs to cover: 0.170%
Break-even: 3.0 days

Slippage unknown: Deribit: no order-book sample; BingX: live order book, 47 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 Deribit no order-book sample	—	—	—	—	—
Sell BingX live order book, 47 min ago	1.71 bp	12.6 bp −$13	50.7 bp −$507	756.1 bp −$75.6K	doesn't fit

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
Deribit ETC_USDC-PERPETUALlong	−0.0125%	1h	8.7978	long leg	$498	$978	50x
Injective ETC/USDC PERP	−0.0037%	1h	8.7920	−0.066%	$33	$77K	5.5x	as long as short
dYdX ETC-USD	0.0000%	1h	8.8036	+0.066%	$9K	$46	10x	as long as short
gTrade (Gains Network) ETC/USD	L +0.0006% / S −0.0006%	1h	8.7993	+0.018%	—	—	150x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.8006	+0.032%	$2.2M	$425K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.7979	+0.001%	$985K	$11K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.7940	−0.043%	$26.2M	$67.6M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.7920	−0.066%	$13.0M	$7.3M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.7930	−0.055%	$8.7M	$16.2M	50x	as long as short
Gate ETC_USDT	+0.0100%	8h	8.7980	+0.002%	$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	8.7950	−0.032%	$7.7M	$36.8M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.8030	+0.059%	$2.8M	$722K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.7970	−0.009%	$9.7M	$3.6M	75x	as long as short
BingX ETC-USDCshort	+0.0100%	8h	8.7950	−0.032%	—	$714K	—
Variational Omni ETC	+0.0100%	8h	8.8041	+0.072%	$125K	$2K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.7940	−0.043%	$132	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.7960	−0.020%	$132K	$270K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.7990	+0.014%	$2.0M	$2.6M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.7931	−0.053%	$11K	$191K	25x	as long as short
Kraken Futures PF_ETCUSD	+0.0180%	1h	8.7941	−0.042%	$1.9M	$674K	50x	as long as short
BloFin ETC-USDT	+0.0220%	8h	8.8000	+0.025%	$1.4M	$216K	50x	as long as short
Coinbase International ETC-PERP-INTX	+0.0632%	1h	8.8440	+0.525%	$35K	$13K	50x	as long as short