data as of
Settings8H · net · $10k
Funding arb /

USDC

all USDC markets
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Funding spread now, next payment 16:00 UTC+0.0061%/8h
next payment, per $10,000+$0.61paid, last 24h−0.010%paid, last 7 days+0.021%to open and close $10k−$22
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance USDCUSDT0.9996−0.0061get 0.0061% / 8h12m 27s$4.5M$2.9M50x
ShortBybit USDCUSDT1.00000get 0.0000% / 8h12m 27s$9.5M$421K50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$12.87
Slippage, 4 orders
−$1.01
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$9.14
Break-even
12.0 days
Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 2 min ago.

Price risk

price view
Price gap now
+0.036%
Avg gap 7d
+0.030%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 11 min ago0.00 bp5.0 bp −$55.0 bp −$505.5 bp −$552doesn't fit
Sell Bybit live order book, 2 min ago0.50 bp6.0 bp −$66.7 bp −$67141.8 bp −$14.2Kdoesn't fit

USDC on 8 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
KuCoin USDCUSDTM−0.0156%8h$2.5M$18K30xas long as short
Bitget USDCUSDT−0.0075%8h$4.3M$18K50xas long as short
MEXC USDC_USDT−0.0062%8h$16.4M$185K200xas long as short
Binance USDCUSDTlong−0.0061%8h$4.5M$2.9M50x
Kraken Futures PF_USDCUSD−0.0043%1h$14K$92850xas long as short
Bybit USDCUSDTshort0.0000%8h$9.5M$421K50x
OKX USDC-USDT-SWAP0.0000%8h$1.1M$41K50xas long as short
Gate USDC_USDT+0.0037%8h$253K$21K50xas long as short