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

USDC

all USDC markets
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Funding spread now, next payment 16:00 UTC+0.0098%/8h
next payment, per $10,000+$0.98paid, last 24h+0.057%paid, last 7 days+0.007%to open and close $10k−$39
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin USDCUSDTM0.9990−0.0141get 0.0141% / 8h3h 31m$2.5M$24K30x
ShortBitget USDCUSDT0.9995−0.0043pay 0.0043% / 8h3h 31m$4.3M$14K50x

Funding history

latest
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Funding on every exchange

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Profit calculator

Funding earned
$20.58
Slippage, 4 orders
−$14.85
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$18.27
Break-even
13.2 days
Slippage from KuCoin: live order book, 1 min ago; Bitget: live order book, 3 min ago.

Price risk

price view
Price gap now
+0.045%
Avg gap 7d
+0.020%
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 KuCoin live order book, 1 min ago4.50 bp10.5 bp −$1112.1 bp −$121doesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago1.00 bp7.0 bp −$77.1 bp −$7119.9 bp −$1,990doesn't fit

USDC on 8 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
KuCoin USDCUSDTMlong−0.0141%8h$2.5M$24K30x
Bitget USDCUSDTshort−0.0043%8h$4.3M$14K50x
Binance USDCUSDT−0.0027%8h$4.4M$2.6M50xas long as short
MEXC USDC_USDT−0.0026%8h$16.4M$192K200xas long as short
Bybit USDCUSDT0.0000%8h$9.5M$411K50xas long as short
OKX USDC-USDT-SWAP0.0000%8h$1.1M$35K50xas long as short
Kraken Futures PF_USDCUSD+0.0014%1h$14K$11250xas long as short
Gate USDC_USDT+0.0100%8h$253K$21K50xas long as short