Funding arb · Price arb /

ETC

all ETC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Binance against dYdX−0.101%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 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. Binance is 0.101% cheaper against dYdX than usual: you would sell low and buy high (spread −0.101% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 3.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ETC-USD	8.8458	0	get 0.0000% / 1h	48m 26s	$9K	$46	10x
Short	Binance ETCUSDT	8.8368	0.0100	get 0.0100% / 8h	6h 48m	$26.6M	$69.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now −0.101%Rate

Funding earned: $21
Price spread: −0.101% → 0.000%: −$10.12
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$9.12
Costs to cover: 0.200%
Break-even: 10.0 days

Slippage unknown: dYdX: no order-book sample; Binance: live order book, 9 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 dYdX no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	0.57 bp	10.3 bp −$10	23.7 bp −$237	75.1 bp −$7,506	doesn't fit

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	−0.0016%	1h	8.8396	−0.070%	$1.9M	$714K	50x	as long as short
dYdX ETC-USDlong	0.0000%	1h	8.8458	long leg	$9K	$46	10x
Deribit ETC_USDC-PERPETUAL	0.0000%	1h	8.8400	−0.066%	$501	—	50x	as long as short
gTrade (Gains Network) ETC/USD	L +0.0006% / S −0.0006%	1h	8.8381	−0.088%	—	—	150x	as long as short
Injective ETC/USDC PERP	+0.0033%	1h	8.8750	+0.330%	$34	$102K	5.5x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.8376	−0.093%	$2.5M	$599K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.8528	+0.080%	$991K	$11K	10x	as long as short
Binance ETCUSDTshort	+0.0100%	8h	8.8368	−0.101%	$26.6M	$69.3M	75x
Bybit ETCUSDT	+0.0100%	8h	8.8290	−0.190%	$13.0M	$7.4M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.8300	−0.179%	$8.7M	$17.1M	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	8.8480	+0.025%	$3.6M	$2.5M	60x	as long as short
MEXC ETC_USDT	+0.0100%	8h	8.8390	−0.077%	$7.3M	$32.6M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.8540	+0.093%	$2.8M	$691K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.8318	−0.158%	$9.8M	$3.9M	75x	as long as short
BingX ETC-USDT	+0.0100%	8h	8.8420	−0.043%	—	$20.9M	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.8261	−0.222%	$124K	$3K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.8400	−0.066%	$168	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.8550	+0.104%	$121K	$294K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.8460	+0.002%	$2.0M	$2.7M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.8487	+0.032%	$11K	$91K	25x	as long as short
BloFin ETC-USDT	+0.0220%	8h	8.8650	+0.217%	$1.4M	$206K	50x	as long as short
Coinbase International ETC-PERP-INTX	+0.0616%	1h	9.0540	+2.354%	$39K	$17K	50x	as long as short