USDC

Alert

Funding spread now, next payment 18:00 UTC−0.0173%/8h

paid, last 24h−0.015%paid, last 4 days−0.026%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance USDCUSDT	0.9994	−0.0049	get 0.0049% / 8h	6h 14m	$4.3M	$3.2M	50x
Short	Kraken Futures PF_USDCUSD	0.9997	−0.0221	pay 0.0028% / 1h	14m 39s	$14K	$928	50x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee Kraken FuturesbpOrdersRate

Funding earned: −$36.3
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$56.3
Break-even: never at this rate

Slippage unknown: Binance: live order book, 9 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.038%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 9 min ago	0.00 bp	5.0 bp −$5	5.0 bp −$50	5.6 bp −$561	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

USDC on 8 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_USDCUSDshort	−0.0221%	1h	$14K	$928	50x
KuCoin USDCUSDTM	−0.0079%	8h	$2.5M	$19K	30x	as long as short
Binance USDCUSDTlong	−0.0049%	8h	$4.3M	$3.2M	50x
MEXC USDC_USDT	−0.0048%	8h	$16.5M	$250K	200x	as long as short
Bitget USDCUSDT	−0.0006%	8h	$4.3M	$17K	50x	as long as short
Bybit USDCUSDT	0.0000%	8h	$9.5M	$422K	50x	as long as short
OKX USDC-USDT-SWAP	0.0000%	8h	$1.1M	$40K	50x	as long as short
Gate USDC_USDT	+0.0100%	8h	$253K	$18K	50x	as long as short