Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0400%/8h= +43.8% APRpaid last 24h +0.084%

Price spread now: BloFin against dYdX−0.077%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 BloFin

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

Funding pays, the price is against you. BloFin is 0.077% cheaper against dYdX than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 15 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ETC-USD	8.7197	0	get 0.0000% / 1h	26m 26s	$9K	$25	10x
Short	BloFin ETC-USDT	8.7130	0.0400	get 0.0400% / 8h	7h 26m	$1.4M	$295K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.077%Rate

Funding earned: $84
Price spread: −0.077% → 0.000%: −$7.65
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $54.35
Costs to cover: 0.220%
Break-even: 2.5 days

Slippage unknown: dYdX: no order-book sample; BloFin: live order book, 1 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 BloFin live order book, 1 min ago	2.87 bp	15.1 bp −$15	26.7 bp −$267	58.0 bp −$5,801	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
Gate ETC_USDT	−0.0229%	8h	8.7140	−0.065%	$3.4M	$2.9M	60x	as long as short
dYdX ETC-USDlong	0.0000%	1h	8.7197	long leg	$9K	$25	10x
Deribit ETC_USDC-PERPETUAL	+0.0002%	1h	8.7170	−0.031%	—	—	50x	as long as short
gTrade (Gains Network) ETC/USD	L +0.0006% / S 0.0000%	1h	8.7009	−0.215%	$195	—	150x	as long as short
Injective ETC/USDC PERP	+0.0033%	1h	8.8750	+1.781%	$34	$102K	5.5x	as long as short
Kraken Futures PF_ETCUSD	+0.0070%	1h	8.7182	−0.016%	$1.9M	$720K	50x	as long as short
Bybit ETCUSDT	+0.0097%	8h	8.7050	−0.168%	$13.0M	$9.0M	75x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.7169	−0.032%	$2.5M	$617K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.7100	−0.111%	$975K	$8K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.7097	−0.115%	$26.3M	$71.7M	75x	as long as short

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	8.7060	−0.157%	$8.4M	$17.5M	50x	as long as short
MEXC ETC_USDT	+0.0100%	8h	8.7100	−0.111%	$6.8M	$33.1M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.7170	−0.031%	$2.8M	$736K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.7129	−0.078%	$9.6M	$4.0M	75x	as long as short
BingX ETC-USDT	+0.0100%	8h	8.7080	−0.134%	—	$23.3M	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.6996	−0.231%	$122K	$5K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.7180	−0.019%	$216	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.7104	−0.106%	$118K	$309K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.7150	−0.054%	$1.9M	$2.8M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.7114	−0.095%	$4K	$218K	25x	as long as short
BloFin ETC-USDTshort	+0.0400%	8h	8.7130	−0.077%	$1.4M	$295K	50x
Coinbase International ETC-PERP-INTX	+0.0504%	1h	8.7750	+0.635%	$33K	$15K	50x	as long as short