Settings8H · net · $10k
Funding arb · Price arb /

USTC

all USTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against KuCoin+0.344%7-day average +0.123% · you sell dearer than you buy
Net, funding: paid 7d − costs−$514as in the Funding arb table
Net, price: spread back to 7d avg − costs−$492as in the Price arb table
costs, in and out, $10k−$5145.140% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.288%−$29 · spread now +0.344%, 7d avg +0.123%
Together, before fees−0.288%−$29 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.221% dearer against KuCoin than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.123%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin USTCUSDTM0.0058300.0100pay 0.0050% / 4h2h 27m$507K$68K30x
ShortBinance USTCUSDT0.0058500.0100get 0.0050% / 4h2h 27m$1.2M$2.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$0
Price spread: +0.344% → +0.123%
$22.1
Slippage, 4 orders
−$491.98
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$491.88
Costs to cover
5.140%
Break-even
never at this rate
Slippage from KuCoin: live order book, 10 min ago; Binance: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 10 min ago29.22 bp237.0 bp −$237952.9 bp −$9,529doesn't fitdoesn't fit
Sell Binance live order book, 8 min ago2.57 bp36.8 bp −$37135.6 bp −$1,356doesn't fitdoesn't fit

USTC on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance USTCUSDTshort+0.0100%4h0.005850+0.344%$1.2M$2.6M50x
Bybit USTCUSDT+0.0100%4h0.005849+0.327%$366K$240K20xas long as short
Gate USTC_USDT+0.0100%4h0.005840+0.173%$69K$75K25xas long as short
MEXC USTC_USDT+0.0100%4h0.005850+0.345%$567K$161K100xas long as short
KuCoin USTCUSDTMlong+0.0100%4h0.005830long leg$507K$68K30x
Bitget USTCUSDT+0.0100%4h0.005858+0.482%$221K$130K50xas long as short
Variational Omni USTC+0.0100%4h0.005847+0.295%$3K$2Kas long as short