Funding spread now, next payment 16:00 UTC+0.0043%/8h
paid, last 24h+0.011%paid, last 4 days+0.054%to open and closeno order book
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_USDCUSD | 0.9998 | −0.0043 | get 0.0005% / 1h | 45m 50s | $14K | $928 | 50x |
| Short | Bybit USDCUSDT | 1.0001 | 0 | get 0.0000% / 8h | 45m 50s | $9.5M | $421K | 50x |
Kraken Futures PF_USDCUSD
Bybit USDCUSDTFunding history
latest
Range statsloading…
Funding on every exchange
click an exchange to add or hide itlatest
Profit calculator
- Funding earned
- $9.1
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$11.9
- Break-even
- 16.2 days
Slippage unknown: Kraken Futures: no order-book sample; Bybit: live order book, 4 min ago. 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 costsCost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 0.50 bp | 6.0 bp −$6 | 6.7 bp −$67 | 141.6 bp −$14.2K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|
| KuCoin USDCUSDTM | −0.0168% | 8h | $2.5M | $18K | 30x | as long as short |
| Bitget USDCUSDT | −0.0085% | 8h | $4.3M | $18K | 50x | as long as short |
| Binance USDCUSDT | −0.0074% | 8h | $4.5M | $2.8M | 50x | as long as short |
| MEXC USDC_USDT | −0.0074% | 8h | $16.4M | $176K | 200x | as long as short |
| Kraken Futures PF_USDCUSDlong | −0.0043% | 1h | $14K | $928 | 50x | |
| Bybit USDCUSDTshort | 0.0000% | 8h | $9.5M | $421K | 50x | |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | $1.1M | $40K | 50x | as long as short |
| Gate USDC_USDT | +0.0034% | 8h | $253K | $20K | 50x | as long as short |
KuCoin USDCUSDTM
Bitget USDCUSDT
Binance USDCUSDT
MEXC USDC_USDT
OKX USDC-USDT-SWAP
Gate USDC_USDT