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 Bitget+0.070%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 dYdX

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

The price spread pays, funding is against you. dYdX is 0.070% dearer against Bitget than usual: you sell high and buy low (spread +0.070% 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 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ETCUSDT	8.8280	0.0100	pay 0.0100% / 8h	2h 20m	$9.7M	$3.6M	75x
Short	dYdX ETC-USD	8.8342	0	get 0.0000% / 1h	20m 27s	$9K	$46	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$21
Price spread: +0.070% → 0.000%: $7.05
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$35.95
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	1.13 bp	12.4 bp −$12	17.8 bp −$178	84.1 bp −$8,414	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	−0.408%	$33	$77K	5.5x	as long as short
dYdX ETC-USDshort	0.0000%	1h	8.8342	+0.070%	$9K	$46	10x
Deribit ETC_USDC-PERPETUAL	0.0000%	1h	8.8314	+0.039%	$500	$978	50x	as long as short
gTrade (Gains Network) ETC/USD	L +0.0006% / S −0.0006%	1h	8.8290	+0.012%	—	—	150x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.8411	+0.148%	$2.2M	$424K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.8348	+0.077%	$989K	$11K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.8269	−0.012%	$26.4M	$69.0M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.8200	−0.091%	$13.0M	$7.3M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.8270	−0.011%	$8.7M	$16.2M	50x	as long as short
Gate ETC_USDT	+0.0100%	8h	8.8320	+0.045%	$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	8.8300	+0.023%	$7.8M	$36.8M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.8370	+0.102%	$2.8M	$723K	50x	as long as short
Bitget ETCUSDTlong	+0.0100%	8h	8.8280	long leg	$9.7M	$3.6M	75x
BingX ETC-USDC	+0.0100%	8h	8.8250	−0.034%	—	$714K	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.8082	−0.224%	$125K	$2K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.8290	+0.011%	$132	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.8325	+0.051%	$133K	$270K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.8270	−0.011%	$2.0M	$2.6M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.8356	+0.086%	$4K	$181K	25x	as long as short
Kraken Futures PF_ETCUSD	+0.0179%	1h	8.8320	+0.045%	$2.0M	$679K	50x	as long as short
BloFin ETC-USDT	+0.0220%	8h	8.8270	−0.011%	$1.4M	$217K	50x	as long as short
Coinbase International ETC-PERP-INTX	+0.0632%	1h	8.8440	+0.181%	$35K	$13K	50x	as long as short