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

USDC

all USDC markets
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Funding spread now, next payment 16:00 UTC+0.0062%/8h
next payment, per $10,000+$0.62paid, last 24h−0.010%paid, last 7 days+0.021%to open and close $10k−$21
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC USDC_USDT0.9996−0.0062get 0.0062% / 8h1h 48m$16.4M$184K200x
ShortBybit USDCUSDT1.00000get 0.0000% / 8h1h 48m$9.5M$409K50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$13.02
Slippage, 4 orders
−$1.88
Fee MEXC: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$7.86
Break-even
11.2 days
Slippage from MEXC: live order book, 2 min ago; Bybit: live order book, 1 min ago.

Price risk

price view
Price gap now
+0.037%
Avg gap 7d
+0.030%
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, 2 min ago0.05 bp4.1 bp −$44.1 bp −$414.1 bp −$4144.6 bp −$2,306
Sell Bybit live order book, 1 min ago0.50 bp6.0 bp −$66.4 bp −$64139.4 bp −$13.9Kdoesn't fit

USDC on 8 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
KuCoin USDCUSDTM−0.0160%8h$2.5M$17K30xas long as short
Bitget USDCUSDT−0.0073%8h$4.3M$14K50xas long as short
Binance USDCUSDT−0.0063%8h$4.5M$2.8M50xas long as short
MEXC USDC_USDTlong−0.0062%8h$16.4M$184K200x
Kraken Futures PF_USDCUSD−0.0053%1h$14K$11250xas long as short
Bybit USDCUSDTshort0.0000%8h$9.5M$409K50x
OKX USDC-USDT-SWAP0.0000%8h$1.1M$40K50xas long as short
Gate USDC_USDT+0.0066%8h$253K$20K50xas long as short