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

USTC

all USTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against KuCoin+0.359%7-day average +0.198% · you sell dearer than you buy
Net, funding: paid 7d − costs−$422as in the Funding arb table
Net, price: spread back to 7d avg − costs−$407as in the Price arb table
costs, in and out, $10k−$4234.233% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 4 days (all we have)−0.240%−$24 · spread now +0.359%, 7d avg +0.198%
Together, before fees−0.231%−$23 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: Bitget is 0.161% dearer against KuCoin than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.198%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin USTCUSDTM0.0058430.0100pay 0.0050% / 4h3h 31m$508K$64K30x
ShortBitget USTCUSDT0.0058640.0100get 0.0050% / 4h3h 31m$221K$106K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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: +0.359% → +0.198%
$16.13
Slippage, 4 orders
−$399.34
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$407.21
Costs to cover
4.233%
Break-even
never at this rate
Slippage from KuCoin: live order book, 42 min ago; Bitget: live order book, 13 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, 42 min ago12.76 bp183.0 bp −$183704.5 bp −$7,045doesn't fitdoesn't fit
Sell Bitget live order book, 13 min ago6.81 bp42.5 bp −$43211.9 bp −$2,119doesn'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 USTCUSDT+0.0100%4h0.005860+0.291%$1.2M$2.2M50xas long as short
Bybit USTCUSDT+0.0100%4h0.005856+0.222%$379K$237K20xas long as short
Gate USTC_USDT+0.0100%4h0.005857+0.240%$69K$64K25xas long as short
MEXC USTC_USDT+0.0100%4h0.005860+0.291%$582K$158K100xas long as short
KuCoin USTCUSDTMlong+0.0100%4h0.005843long leg$508K$64K30x
Bitget USTCUSDTshort+0.0100%4h0.005864+0.359%$221K$106K50x
Variational Omni USTC+0.0100%4h0.005863+0.350%$3K$2Kas long as short