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

USDC

all USDC markets
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Funding spread now, next payment 16:00 UTC+0.0053%/8h
next payment, per $10,000+$0.53paid, last 24h+0.002%paid, last 7 days+0.048%to open and close $10k−$28
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget USDCUSDT0.9994−0.0053get 0.0053% / 8h2h 40m$4.3M$14K50x
ShortBybit USDCUSDT1.00000get 0.0000% / 8h2h 40m$9.5M$406K50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$11.13
Slippage, 4 orders
−$4.85
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$16.72
Break-even
17.5 days
Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 4 min ago.

Price risk

price view
Price gap now
+0.060%
Avg gap 7d
+0.042%
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 Bitget live order book, 4 min ago1.50 bp7.5 bp −$87.5 bp −$7516.5 bp −$1,647doesn't fit
Sell Bybit live order book, 4 min ago0.50 bp6.0 bp −$66.4 bp −$64139.3 bp −$13.9Kdoesn't fit

USDC on 8 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
KuCoin USDCUSDTM−0.0145%8h$2.5M$25K30xas long as short
Bitget USDCUSDTlong−0.0053%8h$4.3M$14K50x
Binance USDCUSDT−0.0042%8h$4.4M$2.7M50xas long as short
MEXC USDC_USDT−0.0041%8h$16.4M$191K200xas long as short
Kraken Futures PF_USDCUSD−0.0033%1h$14K$11250xas long as short
Bybit USDCUSDTshort0.0000%8h$9.5M$406K50x
OKX USDC-USDT-SWAP0.0000%8h$1.1M$37K50xas long as short
Gate USDC_USDT+0.0100%8h$253K$20K50xas long as short