Funding arb · Price arb /

ETC

all ETC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Phemex against dYdX−0.055%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 Phemex

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. Phemex is 0.055% cheaper against dYdX than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 44 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ETC-USD	8.6578	0	get 0.0000% / 1h	27m 37s	$9K	$25	10x
Short	Phemex ETCUSDT	8.6530	0.0100	get 0.0100% / 8h	2h 27m	$2.0M	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.055%Rate

Funding earned: $21
Price spread: −0.055% → 0.000%: −$5.5
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$6.5
Costs to cover: 0.220%
Break-even: 9.2 days

Slippage unknown: dYdX: no order-book sample; Phemex: live order book, 6 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 Phemex live order book, 6 min ago	2.88 bp	16.1 bp −$16	45.7 bp −$457	doesn't fit	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
Coinbase International ETC-PERP-INTX	−0.0456%	1h	8.7950	+1.585%	$33K	$22K	50x	as long as short
Kraken Futures PF_ETCUSD	−0.0204%	1h	8.6526	−0.060%	$1.9M	$717K	50x	as long as short
Deribit ETC_USDC-PERPETUAL	−0.0062%	1h	8.6521	−0.065%	—	—	50x	as long as short
dYdX ETC-USDlong	0.0000%	1h	8.6578	long leg	$9K	$25	10x
gTrade (Gains Network) ETC/USD	L +0.0006% / S −0.0006%	1h	8.6598	+0.024%	—	—	150x	as long as short
Injective ETC/USDC PERP	+0.0033%	1h	8.8750	+2.509%	$34	$102K	5.5x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.6595	+0.020%	$2.4M	$619K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.6487	−0.104%	$968K	$8K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.6527	−0.058%	$25.8M	$71.9M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.6460	−0.136%	$12.8M	$8.6M	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	8.6490	−0.101%	$8.3M	$17.8M	50x	as long as short
Gate ETC_USDT	+0.0100%	8h	8.6490	−0.101%	$3.4M	$2.9M	60x	as long as short
MEXC ETC_USDT	+0.0100%	8h	8.6530	−0.055%	$6.5M	$33.2M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.6530	−0.055%	$2.8M	$716K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.6520	−0.067%	$9.5M	$3.9M	75x	as long as short
BingX ETC-USDC	+0.0100%	8h	8.6500	−0.090%	—	$706K	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.6562	−0.019%	$121K	$5K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.6530	−0.055%	$185	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.6472	−0.122%	$116K	$303K	75x	as long as short
Phemex ETCUSDTshort	+0.0100%	8h	8.6530	−0.055%	$2.0M	$2.8M	50x
Extended ETC-USD	+0.0104%	1h	8.6507	−0.082%	$11K	$94K	25x	as long as short
BloFin ETC-USDT	+0.0400%	8h	8.6740	+0.188%	$1.4M	$291K	50x	as long as short