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

USDC

all USDC markets
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Funding spread now, next payment 16:00 UTC+0.0124%/8h
next payment, per $10,000+$1.24paid, last 24h+0.032%paid, last 7 days+0.211%to open and close $10k−$38
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget USDCUSDT0.9994−0.0086get 0.0086% / 8h1h 06m$4.3M$16K50x
ShortGate USDC_USDT0.99930.0038get 0.0038% / 8h1h 06m$253K$20K50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$26.04
Slippage, 4 orders
−$10.61
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$11.57
Break-even
10.1 days
Slippage from Bitget: live order book, 2 min ago; Gate: live order book, 44 min ago.

Price risk

price view
Price gap now
−0.010%
Avg gap 7d
−0.008%
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, 2 min ago1.00 bp7.0 bp −$77.0 bp −$7017.6 bp −$1,760doesn't fit
Sell Gate live order book, 44 min ago3.00 bp11.4 bp −$11doesn't fitdoesn't fitdoesn't fit

USDC on 8 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
KuCoin USDCUSDTM−0.0169%8h$2.5M$18K30xas long as short
Bitget USDCUSDTlong−0.0086%8h$4.3M$16K50x
Binance USDCUSDT−0.0076%8h$4.5M$2.8M50xas long as short
MEXC USDC_USDT−0.0075%8h$16.4M$187K200xas long as short
Kraken Futures PF_USDCUSD−0.0053%1h$14K$98050xas long as short
Bybit USDCUSDT0.0000%8h$9.5M$423K50xas long as short
OKX USDC-USDT-SWAP0.0000%8h$1.1M$41K50xas long as short
Gate USDC_USDTshort+0.0038%8h$253K$20K50x