Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.032%

Price spread now: HTX against Deribit−0.166%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 HTX

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. HTX is 0.166% cheaper against Deribit than usual: you would sell low and buy high (spread −0.166% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 5.5 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	Deribit ETC_USDC-PERPETUAL	8.8615	0	get 0.0000% / 1h	18m 55s	$502	$978	50x
Short	HTX ETC-USDT	8.8468	0.0100	get 0.0100% / 8h	18m 55s	$121K	$299K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.166%Rate

Funding earned: $21
Price spread: −0.166% → 0.000%: −$16.59
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$14.59
Costs to cover: 0.190%
Break-even: 11.9 days

Slippage unknown: Deribit: no order-book sample; HTX: live order book, 58 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 HTX live order book, 58 min ago	18.22 bp	24.2 bp −$24	301.0 bp −$3,010	doesn't fit	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
Injective ETC/USDC PERP	−0.0293%	1h	8.8750	+0.152%	$34	$102K	5.5x	as long as short
Kraken Futures PF_ETCUSD	−0.0193%	1h	8.8593	−0.025%	$1.9M	$719K	50x	as long as short
dYdX ETC-USD	0.0000%	1h	8.8541	−0.084%	$9K	$46	10x	as long as short
Deribit ETC_USDC-PERPETUALlong	0.0000%	1h	8.8615	long leg	$502	$978	50x
gTrade (Gains Network) ETC/USD	L +0.0006% / S −0.0006%	1h	8.8625	+0.011%	—	—	150x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.8652	+0.042%	$2.3M	$441K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.8575	−0.045%	$991K	$11K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.8575	−0.045%	$26.5M	$68.8M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.8490	−0.141%	$13.0M	$7.4M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.8560	−0.062%	$8.8M	$16.9M	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	8.8590	−0.028%	$3.6M	$2.5M	60x	as long as short
MEXC ETC_USDT	+0.0100%	8h	8.8530	−0.096%	$7.6M	$32.3M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.8570	−0.051%	$2.9M	$724K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.8567	−0.054%	$9.8M	$3.8M	75x	as long as short
BingX ETC-USDC	+0.0100%	8h	8.8580	−0.039%	—	$708K	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.8583	−0.036%	$126K	$2K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.8610	−0.006%	$144	$5K	5x	as long as short
HTX ETC-USDTshort	+0.0100%	8h	8.8468	−0.166%	$121K	$299K	75x
Phemex ETCUSDT	+0.0100%	8h	8.8580	−0.039%	$2.0M	$2.7M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.8543	−0.081%	$11K	$191K	25x	as long as short
BloFin ETC-USDT	+0.0220%	8h	8.8530	−0.096%	$1.4M	$215K	50x	as long as short
Coinbase International ETC-PERP-INTX	+0.0800%	1h	9.0700	+2.353%	$36K	$13K	50x	as long as short