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

USDC

all USDC markets
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Funding spread now, next payment 16:00 UTC+0.0043%/8h
paid, last 24h−0.008%paid, last 4 days−0.006%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget USDCUSDT0.9994−0.0086get 0.0086% / 8h52m 40s$4.3M$16K50x
ShortKraken Futures PF_USDCUSD0.9998−0.0043pay 0.0005% / 1h52m 40s$14K$92850x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$8.96
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$13.04
Break-even
17.2 days
Slippage unknown: Bitget: live order book, 2 min ago; Kraken Futures: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
+0.035%
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 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 bp8.0 bp −$88.0 bp −$8018.6 bp −$1,860doesn'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.
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−0.0075%8h$4.5M$2.8M50xas long as short
MEXC USDC_USDT−0.0075%8h$16.4M$175K200xas long as short
Kraken Futures PF_USDCUSDshort−0.0043%1h$14K$92850x
Bybit USDCUSDT0.0000%8h$9.5M$422K50xas long as short
OKX USDC-USDT-SWAP0.0000%8h$1.1M$40K50xas long as short
Gate USDC_USDT+0.0034%8h$253K$20K50xas long as short