Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against KuCoin+0.027%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. dYdX is 0.027% dearer against KuCoin than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ETCUSDTM	8.8490	0.0100	pay 0.0100% / 8h	3h 31m	$2.8M	$836K	50x
Short	dYdX ETC-USD	8.8514	0	get 0.0000% / 1h	31m 14s	$9K	$46	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against KuCoin. 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 KuCoinbpFee dYdXbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$21
Price spread: +0.027% → 0.000%: $2.68
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$40.32
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 1 min ago; dYdX: no order-book sample. 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 KuCoin live order book, 1 min ago	9.60 bp	25.8 bp −$26	96.3 bp −$963	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

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
Kraken Futures PF_ETCUSD	−0.0077%	1h	8.8505	+0.017%	$2.0M	$670K	50x	as long as short
dYdX ETC-USDshort	0.0000%	1h	8.8514	+0.027%	$9K	$46	10x
Deribit ETC_USDC-PERPETUAL	0.0000%	1h	8.8509	+0.021%	$501	$978	50x	as long as short
gTrade (Gains Network) ETC/USD	L +0.0006% / S −0.0006%	1h	8.8540	+0.057%	—	—	150x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.8602	+0.127%	$2.2M	$425K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.8462	−0.032%	$990K	$11K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.8553	+0.072%	$26.5M	$67.6M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.8500	+0.011%	$13.1M	$7.4M	75x	as long as short
OKX ETC-USDT-SWAP	+0.0100%	8h	8.8480	−0.011%	$8.8M	$16.3M	50x	as long as short
Gate ETC_USDT	+0.0100%	8h	8.8520	+0.034%	$3.5M	$2.4M	60x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ETC_USDT	+0.0100%	8h	8.8580	+0.102%	$7.1M	$32.3M	200x	as long as short
KuCoin ETCUSDTMlong	+0.0100%	8h	8.8490	long leg	$2.8M	$836K	50x
Bitget ETCUSDT	+0.0100%	8h	8.8581	+0.103%	$9.8M	$3.7M	75x	as long as short
BingX ETC-USDC	+0.0100%	8h	8.8520	+0.034%	—	$713K	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.8371	−0.134%	$125K	$2K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.8510	+0.023%	$168	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.8513	+0.026%	$133K	$289K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.8570	+0.090%	$2.0M	$2.6M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.8496	+0.007%	$4K	$181K	25x	as long as short
Injective ETC/USDC PERP	+0.0110%	1h	8.7590	−1.017%	$33	$58K	5.5x	as long as short
BloFin ETC-USDT	+0.0220%	8h	8.8510	+0.023%	$1.5M	$215K	50x	as long as short
Coinbase International ETC-PERP-INTX	+0.0784%	1h	8.8700	+0.237%	$35K	$13K	50x	as long as short