Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h +0.028%

Price spread now: KuCoin against gTrade (Gains Network)−0.082%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 KuCoin

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. KuCoin is 0.082% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.082% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.9 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	gTrade (Gains Network) ETC/USD	8.7582	L +0.0006% / S 0.0000%	pay 0.0001% / 1h	10m 22s	$196	—	150x
Short	KuCoin ETCUSDTM	8.7510	0.0100	get 0.0100% / 8h	10m 22s	$2.8M	$722K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.082%Rate

Funding earned: $19.66
Price spread: −0.082% → 0.000%: −$8.18
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$10.52
Costs to cover: 0.220%
Break-even: 10.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago	3.44 bp	19.6 bp −$20	70.9 bp −$709	doesn't fit	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 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
Kraken Futures PF_ETCUSD	−0.0168%	1h	8.7600	+0.021%	$1.9M	$727K	50x	as long as short
dYdX ETC-USD	0.0000%	1h	8.7448	−0.153%	$9K	$25	10x	as long as short
Deribit ETC_USDC-PERPETUAL	0.0000%	1h	8.7621	+0.045%	—	—	50x	as long as short
gTrade (Gains Network) ETC/USDlong	L +0.0006% / S 0.0000%	1h	8.7582	long leg	$196	—	150x
Injective ETC/USDC PERP	+0.0033%	1h	8.8750	+1.334%	$34	$102K	5.5x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.7691	+0.125%	$2.5M	$613K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.7559	−0.026%	$980K	$8K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.7590	+0.010%	$26.3M	$71.6M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.7510	−0.082%	$13.0M	$8.9M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.7600	+0.021%	$8.5M	$17.7M	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	8.7570	−0.013%	$3.4M	$3.0M	60x	as long as short
MEXC ETC_USDT	+0.0100%	8h	8.7590	+0.010%	$6.9M	$33.2M	200x	as long as short
KuCoin ETCUSDTMshort	+0.0100%	8h	8.7510	−0.082%	$2.8M	$722K	50x
Bitget ETCUSDT	+0.0100%	8h	8.7589	+0.008%	$9.6M	$4.0M	75x	as long as short
BingX ETC-USDT	+0.0100%	8h	8.7600	+0.021%	—	$23.2M	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.7324	−0.294%	$123K	$5K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.7590	+0.010%	$234	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.7435	−0.167%	$118K	$309K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.7410	−0.196%	$1.9M	$2.8M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.7562	−0.022%	$4K	$223K	25x	as long as short
Coinbase International ETC-PERP-INTX	+0.0392%	1h	8.7950	+0.421%	$33K	$22K	50x	as long as short
BloFin ETC-USDT	+0.0400%	8h	8.7370	−0.242%	$1.4M	$296K	50x	as long as short