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

USDC

all USDC markets
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Funding spread now, next payment 00:00 UTC−0.0077%/8h
next payment, per $10,000$0.77paid, last 24h−0.045%paid, last 7 days−0.034%to open and close $10k−$39
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget USDCUSDT0.9994−0.0006get 0.0006% / 8h6h 19m$4.3M$17K50x
ShortKuCoin USDCUSDTM0.9994−0.0083pay 0.0083% / 8h6h 19m$2.5M$19K30x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$16.17
Slippage, 4 orders
−$14.93
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$55.1
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 4 min ago.

Price risk

price view
Price gap now
0.000%
Avg gap 7d
−0.022%
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, 5 min ago1.00 bp7.0 bp −$77.0 bp −$7012.9 bp −$1,289doesn't fit
Sell KuCoin live order book, 4 min ago4.50 bp13.6 bp −$14143.1 bp −$1,431doesn't fitdoesn't fit

USDC on 8 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_USDCUSD−0.0221%1h$14K$92850xas long as short
KuCoin USDCUSDTMshort−0.0083%8h$2.5M$19K30x
MEXC USDC_USDT−0.0049%8h$16.5M$200K200xas long as short
Binance USDCUSDT−0.0049%8h$4.3M$3.2M50xas long as short
Bitget USDCUSDTlong−0.0006%8h$4.3M$17K50x
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+0.0100%8h$253K$18K50xas long as short