Funding arb · Price arb /

ETC

all ETC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.028%

Price spread now: Bybit against gTrade (Gains Network)−0.049%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Bybit

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. Bybit is 0.049% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.049% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 42 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	gTrade (Gains Network) ETC/USD	8.8223	L +0.0006% / S −0.0006%	pay 0.0001% / 1h	0m 56s	—	—	150x
Short	Bybit ETCUSDT	8.8180	0.0100	get 0.0100% / 8h	6h 00m	$12.9M	$7.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BybitbpOrdersPrice spread, now −0.049%Rate

Funding earned: $19.66
Price spread: −0.049% → 0.000%: −$4.9
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$6.24
Costs to cover: 0.210%
Break-even: 9.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 2 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	1.70 bp	17.8 bp −$18	44.4 bp −$444	161.3 bp −$16.1K	doesn't fit

gTrade (Gains Network): 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 21 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
Kraken Futures PF_ETCUSD	−0.0016%	1h	8.8198	−0.028%	$1.9M	$704K	50x	as long as short
dYdX ETC-USD	0.0000%	1h	8.8206	−0.020%	$9K	$46	10x	as long as short
Deribit ETC_USDC-PERPETUAL	0.0000%	1h	8.8239	+0.018%	$500	—	50x	as long as short
gTrade (Gains Network) ETC/USDlong	L +0.0006% / S −0.0006%	1h	8.8223	long leg	—	—	150x
Injective ETC/USDC PERP	+0.0033%	1h	8.8750	+0.597%	$34	$102K	5.5x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.8326	+0.117%	$2.5M	$589K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.8185	−0.044%	$987K	$11K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.8283	+0.068%	$26.5M	$68.8M	75x	as long as short
Bybit ETCUSDTshort	+0.0100%	8h	8.8180	−0.049%	$12.9M	$7.7M	75x
OKX ETC-USDT-SWAP	+0.0100%	8h	8.8210	−0.015%	$8.6M	$17.1M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ETC_USDT	+0.0100%	8h	8.8230	+0.008%	$3.6M	$2.6M	60x	as long as short
MEXC ETC_USDT	+0.0100%	8h	8.8280	+0.064%	$7.1M	$32.9M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.8210	−0.015%	$2.9M	$664K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.8208	−0.017%	$9.7M	$3.8M	75x	as long as short
BingX ETC-USDC	+0.0100%	8h	8.8220	−0.004%	—	$706K	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.8140	−0.095%	$124K	$3K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.8240	+0.019%	$170	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.8166	−0.065%	$119K	$301K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.8220	−0.004%	$2.0M	$2.7M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.8208	−0.018%	$14K	$94K	25x	as long as short
Coinbase International ETC-PERP-INTX	+0.0616%	1h	8.9440	+1.379%	$38K	$16K	50x	as long as short