Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Variational Omni+0.075%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on dYdX

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. dYdX is 0.075% dearer against Variational Omni than usual: you sell high and buy low (spread +0.075% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ETC	8.7873	0.0100	pay 0.0100% / 8h	2h 08m	$125K	$2K	—
Short	dYdX ETC-USD	8.7939	0	get 0.0000% / 1h	8m 26s	$9K	$46	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Variational Omni. 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 Variational OmnibpFee dYdXbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$21
Price spread: +0.075% → 0.000%: $7.5
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$23.5
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 15 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 Variational Omni RFQ quote, 15 min ago	3.27 bp	doesn't fit	45.2 bp −$452	doesn't fit	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
Injective ETC/USDC PERP	−0.0037%	1h	8.7920	+0.054%	$33	$77K	5.5x	as long as short
dYdX ETC-USDshort	0.0000%	1h	8.7939	+0.075%	$9K	$46	10x
Deribit ETC_USDC-PERPETUAL	0.0000%	1h	8.7974	+0.115%	$498	$978	50x	as long as short
gTrade (Gains Network) ETC/USD	L +0.0006% / S −0.0006%	1h	8.7915	+0.048%	—	—	150x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.7975	+0.116%	$2.2M	$424K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.7863	−0.011%	$983K	$11K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.7890	+0.020%	$26.2M	$67.6M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.7840	−0.037%	$13.0M	$7.3M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.7860	−0.015%	$8.7M	$16.2M	50x	as long as short
Gate ETC_USDT	+0.0100%	8h	8.7900	+0.031%	$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	8.7890	+0.020%	$7.7M	$36.8M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.7930	+0.065%	$2.8M	$722K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.7917	+0.050%	$9.7M	$3.6M	75x	as long as short
BingX ETC-USDT	+0.0100%	8h	8.7870	−0.003%	—	$20.6M	—	as long as short
Variational Omni ETClong	+0.0100%	8h	8.7873	long leg	$125K	$2K	—
SoDEX ETC-USD	+0.0100%	1h	8.7950	+0.088%	$134	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.7969	+0.109%	$132K	$270K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.7970	+0.111%	$2.0M	$2.6M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.7874	+0.002%	$11K	$191K	25x	as long as short
Kraken Futures PF_ETCUSD	+0.0180%	1h	8.7968	+0.108%	$1.9M	$674K	50x	as long as short
BloFin ETC-USDT	+0.0220%	8h	8.7920	+0.054%	$1.4M	$216K	50x	as long as short
Coinbase International ETC-PERP-INTX	+0.0632%	1h	8.8440	+0.645%	$35K	$13K	50x	as long as short