Funding arb · Price arb /

ETC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.032%

Price spread now: Deribit against OKX+0.029%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Deribit

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

The price spread pays, funding is against you. Deribit is 0.029% dearer against OKX than usual: you sell high and buy low (spread +0.029% 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 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ETC-USDT-SWAP	8.8290	0.0100	pay 0.0100% / 8h	6h 48m	$8.7M	$17.1M	50x
Short	Deribit ETC_USDC-PERPETUAL	8.8316	0	get 0.0000% / 1h	48m 01s	$500	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against OKX. 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 OKXbpFee DeribitbpOrdersPrice spread, now +0.029%Rate

Funding earned: −$21
Price spread: +0.029% → 0.000%: $2.94
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$35.06
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 min ago; Deribit: 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 OKX live order book, 5 min ago	0.57 bp	11.2 bp −$11	35.0 bp −$350	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.0016%	1h	8.8327	+0.041%	$1.9M	$714K	50x	as long as short
dYdX ETC-USD	0.0000%	1h	8.8458	+0.190%	$9K	$46	10x	as long as short
Deribit ETC_USDC-PERPETUALshort	0.0000%	1h	8.8316	+0.029%	$500	—	50x
gTrade (Gains Network) ETC/USD	L +0.0006% / S −0.0006%	1h	8.8305	+0.017%	—	—	150x	as long as short
Injective ETC/USDC PERP	+0.0033%	1h	8.8750	+0.521%	$34	$102K	5.5x	as long as short
Hyperliquid ETC	+0.0100%	1h	8.8456	+0.188%	$2.5M	$599K	5x	as long as short
Aster ETCUSDT	+0.0100%	8h	8.8338	+0.054%	$989K	$11K	10x	as long as short
Binance ETCUSDT	+0.0100%	8h	8.8321	+0.035%	$26.6M	$69.3M	75x	as long as short
Bybit ETCUSDT	+0.0100%	8h	8.8270	−0.023%	$13.0M	$7.4M	75x	as long as short
OKX ETC-USDT-SWAPlong	+0.0100%	8h	8.8290	long leg	$8.7M	$17.1M	50x

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ETC_USDT	+0.0100%	8h	8.8400	+0.125%	$3.6M	$2.5M	60x	as long as short
MEXC ETC_USDT	+0.0100%	8h	8.8300	+0.011%	$7.3M	$32.6M	200x	as long as short
KuCoin ETCUSDTM	+0.0100%	8h	8.8350	+0.068%	$2.8M	$691K	50x	as long as short
Bitget ETCUSDT	+0.0100%	8h	8.8360	+0.079%	$9.8M	$3.9M	75x	as long as short
BingX ETC-USDT	+0.0100%	8h	8.8400	+0.125%	—	$20.9M	—	as long as short
Variational Omni ETC	+0.0100%	8h	8.8261	−0.032%	$124K	$3K	—	as long as short
SoDEX ETC-USD	+0.0100%	1h	8.8300	+0.011%	$168	$5K	5x	as long as short
HTX ETC-USDT	+0.0100%	8h	8.8284	−0.007%	$121K	$294K	75x	as long as short
Phemex ETCUSDT	+0.0100%	8h	8.8370	+0.091%	$2.0M	$2.7M	50x	as long as short
Extended ETC-USD	+0.0104%	1h	8.8319	+0.033%	$11K	$91K	25x	as long as short
BloFin ETC-USDT	+0.0220%	8h	8.8650	+0.408%	$1.4M	$206K	50x	as long as short
Coinbase International ETC-PERP-INTX	+0.0616%	1h	9.0540	+2.548%	$39K	$17K	50x	as long as short