Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against Bybit+0.080%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 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 0.080% dearer against Bybit than usual: you sell high and buy low (spread +0.080% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ETCUSDT	8.7310	0.0100	pay 0.0100% / 8h	7h 36m	$13.1M	$9.0M	75x
Short	dYdX ETC-USD	8.7380	0	get 0.0000% / 1h	36m 01s	$9K	$25	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bybit. 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 BybitbpFee dYdXbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$21
Price spread: +0.080% → 0.000%: $8.03
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$33.97
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.57 bp	16.3 bp −$16	57.5 bp −$575	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
Gate ETC_USDT	−0.0241%	8h	8.7370	+0.069%	$3.4M	$2.9M	60x	as long as short
dYdX ETC-USDshort	0.0000%	1h	8.7380	+0.080%	$9K	$25	10x
Deribit ETC_USDC-PERPETUAL	0.0000%	1h	8.7401	+0.104%	—	—	50x	as long as short
gTrade (Gains Network) ETC/USD	L +0.0006% / S 0.0000%	1h	8.7448	+0.158%	$196	—	150x	as long as short
Injective ETC/USDC PERP	+0.0033%	1h	8.8750	+1.649%	$34	$102K	5.5x	as long as short
Kraken Futures PF_ETCUSD	+0.0070%	1h	8.7481	+0.196%	$1.9M	$719K	50x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.7489	+0.205%	$2.5M	$615K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.7340	+0.034%	$977K	$8K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.7385	+0.085%	$26.3M	$71.6M	75x	as long as short
Bybit ETCUSDTlong	+0.0100%	8h	8.7310	long leg	$13.1M	$9.0M	75x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETC-USDT-SWAP	+0.0100%	8h	8.7420	+0.126%	$8.5M	$17.6M	50x	as long as short
MEXC ETC_USDT	+0.0100%	8h	8.7340	+0.034%	$6.8M	$33.1M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.7420	+0.126%	$2.8M	$740K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.7395	+0.097%	$9.6M	$4.0M	75x	as long as short
BingX ETC-USDC	+0.0100%	8h	8.7390	+0.092%	—	$709K	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.7381	+0.081%	$123K	$5K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.7420	+0.126%	$214	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.7305	−0.006%	$118K	$310K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.7360	+0.057%	$1.9M	$2.8M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.7361	+0.058%	$4K	$218K	25x	as long as short
BloFin ETC-USDT	+0.0400%	8h	8.7490	+0.206%	$1.4M	$296K	50x	as long as short
Coinbase International ETC-PERP-INTX	+0.0504%	1h	8.7750	+0.504%	$33K	$15K	50x	as long as short