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

USTC

all USTC markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against MEXC+0.068%7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$200as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$2002.002% 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)−0.128%−$13 · spread now +0.068%, 7d avg −0.028%
Together, before fees−0.128%−$13 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: Bybit is 0.096% dearer against MEXC than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.028%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC USTC_USDT0.0058880.0100pay 0.0050% / 4h8m 30s$571K$169K100x
ShortBybit USTCUSDT0.0058920.0100get 0.0050% / 4h8m 30s$370K$242K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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: +0.068% → −0.028%
$9.62
Slippage, 4 orders
−$185.22
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$190.6
Costs to cover
2.002%
Break-even
never at this rate
Slippage from MEXC: live order book, 61 min ago; Bybit: live order book, 61 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 MEXC live order book, 61 min ago0.85 bp11.0 bp −$1167.3 bp −$673441.4 bp −$44.1Kdoesn't fit
Sell Bybit live order book, 61 min ago4.26 bp89.3 bp −$89doesn't fitdoesn'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%4h0.005889+0.025%$1.2M$2.7M50xas long as short
Bybit USTCUSDTshort+0.0100%4h0.005892+0.068%$370K$242K20x
Gate USTC_USDT+0.0100%4h0.005887−0.017%$71K$80K25xas long as short
MEXC USTC_USDTlong+0.0100%4h0.005888long leg$571K$169K100x
KuCoin USTCUSDTM+0.0100%4h0.005886−0.030%$522K$59K30xas long as short
Bitget USTCUSDT+0.0100%4h0.005895+0.119%$223K$130K50xas long as short
Variational Omni USTC+0.0100%4h0.005890+0.028%$3K$2Kas long as short