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

USDC

all USDC markets
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Funding spread now, next payment 16:00 UTC−0.0012%/8h
next payment, per $10,000$0.12paid, last 24h−0.012%paid, last 7 days−0.028%to open and close $10k−$23
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC USDC_USDT0.9996−0.0042get 0.0042% / 8h2h 37m$16.4M$191K200x
ShortBitget USDCUSDT0.9994−0.0054pay 0.0054% / 8h2h 37m$4.3M$14K50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$2.52
Slippage, 4 orders
−$3.1
Fee MEXC: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$25.62
Break-even
never at this rate
Slippage from MEXC: live order book, 8 min ago; Bitget: live order book, 2 min ago.

Price risk

price view
Price gap now
−0.022%
Avg gap 7d
−0.012%
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 MEXC live order book, 8 min ago0.05 bp4.1 bp −$44.1 bp −$414.1 bp −$4104.6 bp −$2,303
Sell Bitget live order book, 2 min ago1.50 bp7.5 bp −$87.5 bp −$7521.0 bp −$2,100doesn't fit

USDC on 8 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
KuCoin USDCUSDTM−0.0146%8h$2.5M$25K30xas long as short
Bitget USDCUSDTshort−0.0054%8h$4.3M$14K50x
Binance USDCUSDT−0.0043%8h$4.4M$2.7M50xas long as short
MEXC USDC_USDTlong−0.0042%8h$16.4M$191K200x
Kraken Futures PF_USDCUSD−0.0033%1h$14K$11250xas long as short
Bybit USDCUSDT0.0000%8h$9.5M$406K50xas long as short
OKX USDC-USDT-SWAP0.0000%8h$1.1M$37K50xas long as short
Gate USDC_USDT+0.0100%8h$253K$20K50xas long as short