Ethereum Classic (ETC) perpetual futures
ETC perpetual contracts on 8 reviewed venues.
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Funding rates
Annualized rates across exchanges
BinanceCEX
BybitCEX
MEXCCEX
BingXCEX
KuCoinCEX
PhemexCEX
HTXCEX
Open interest
Per-exchange open interest
Bybit
Gate.io
Bitget
OKX
HyperliquidKuCoinPhemexWhat the ETC data shows
9 of 16 venues quote the same ETC funding rate, +10.95% a year. The exceptions are Kraken at +34.00%, BloFin at +9.54%, Bitget at +5.15%, and 4 more.
No venue holds half of the $46.3m in reported ETC open interest. Bybit has the largest share, 21.8%, and Gate.io is next with 20.9%.
HTX quoted ETC at $8.09 and dYdX at $8.06, a gap of 31.3 bps.
The ETC settlement periods differ: 12 venues settle every 8 hours; 3 venues settle every hour.
CoinGecko ranked ETC number 69 by market value on October 16, 2026, at $1.28b. Its price fell 2.4% in the 7 days before that date. The open interest in this read equals 3.6% of that value.
- Source: public APIs of 16 venues for ETC, read at October 16, 2026, 07:44 UTC.
- Market value: CoinGecko snapshot of October 16, 2026.
Where to Trade Ethereum Classic (ETC) Perpetual Futures
Fees and leverage limits apply venue-wide; confirm ETC limits with the venue.
Ethereum Classic (ETC) market overview
ETC perps are the derivative instrument for the Ethereum Classic thesis: that immutability trumps upgradeability, and that the original Ethereum chain (pre-DAO hack fork) carries the authentic proof-of-work history.
Since Ethereum moved to proof-of-stake in September 2022, ETC has absorbed a portion of the GPU mining community that previously mined ETH, giving it a persistent PoW narrative that most altcoin perps lack.
Venue landscape
The ETC perp market spans Binance, Bybit, OKX, and Hyperliquid. CEX venues dominate, Binance carries the most ETC depth, and on-chain perp liquidity stays limited. Coinalyze's ETC open interest data shows OI that tracks Bitcoin-correlated PoW narrative cycles, with ETC often moving alongside BTC mining difficulty changes and hash price discussions.
PoW narrative and the post-Merge dynamic
ETC's defining market event was the Ethereum Merge in September 2022. In the months before the Merge, ETC funding turned consistently positive as miners anticipating the loss of ETH mining revenue bid ETC as a PoW alternative. After the Merge, ETC absorbed significant hash rate from displaced ETH miners.
ETC tracks mining economics more than DeFi sentiment. A higher BTC hash price lifts the wider proof-of-work narrative that ETC sits in. When hash prices compress, ETC funding turns flat or negative.
51% attack history and counterparty risk
ETC has experienced multiple 51% attacks, the most significant in August 2020 when over 7,000 blocks were reorganized. CoinDesk's ETC coverage documents these events. The attacks have not recurred since ETC implemented a modified DAA and MESS (Modified Exponential Subjective Scoring), but the history makes ETC a higher-security-risk holding for spot traders.
For perp traders, the relevant risk is that a successful attack could cause exchange trading halts, which would prevent position management during the event. Keep ETC position sizes modest given this tail risk. Check current fees at the cost comparison tool.
Frequently Asked Questions — Ethereum Classic (ETC)
What funding data is available for ETC?
16 venues report an ETC funding rate in this read.
An annualized ETC rate extrapolates one reading and does not predict a return.
What open interest data is available for ETC?
11 venues report positive ETC open interest in this read.
The ETC total leaves out venues outside the read.
Which mapped venue has the lowest recorded ETC taker fee?
DESK lists 0.017% and SynFutures lists 0.020%, the two lowest of 7 mapped ETC maker/taker schedules.
1 ETC venue charges a position fee and is not compared.
Category: Layer 1