Funding spread now, next payment 18:00 UTC+0.0221%/8h
paid, last 24h+0.010%paid, last 4 days+0.057%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 4 days it paid 0.057% in total (about 5.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_USDCUSD | 0.9997 | −0.0221 | get 0.0028% / 1h | 49m 48s | $14K | $928 | 50x |
| Short | OKX USDC-USDT-SWAP | 1.0000 | 0 | get 0.0000% / 8h | 6h 49m | $1.1M | $41K | 50x |
Kraken Futures PF_USDCUSD
OKX USDC-USDT-SWAPFunding history
latest
Range statsloading…
Funding on every exchange
click an exchange to add or hide itlatest
Profit calculator
- Funding earned
- $46.49
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $26.49
- Break-even
- 3.0 days
Slippage unknown: Kraken Futures: no order-book sample; OKX: live order book, 3 min ago. Net counts fees only.
Price risk
price view- Price gap now
- +0.023%
- 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 OKX live order book, 3 min ago | 0.00 bp | 5.1 bp −$5 | 7.7 bp −$77 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|
| Kraken Futures PF_USDCUSDlong | −0.0221% | 1h | $14K | $928 | 50x | |
| KuCoin USDCUSDTM | −0.0104% | 8h | $2.5M | $19K | 30x | as long as short |
| Binance USDCUSDT | −0.0048% | 8h | $4.4M | $3.1M | 50x | as long as short |
| MEXC USDC_USDT | −0.0047% | 8h | $16.5M | $195K | 200x | as long as short |
| Bitget USDCUSDT | −0.0004% | 8h | $4.3M | $17K | 50x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | $9.5M | $424K | 50x | as long as short |
| OKX USDC-USDT-SWAPshort | 0.0000% | 8h | $1.1M | $41K | 50x | |
| Gate USDC_USDT | +0.0100% | 8h | $253K | $18K | 50x | as long as short |
KuCoin USDCUSDTM
Binance USDCUSDT
MEXC USDC_USDT
Bitget USDCUSDT
Bybit USDCUSDT
Gate USDC_USDT