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

USDC

all USDC markets
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Funding spread now, next payment 16:00 UTC−0.0054%/8h
next payment, per $10,000$0.54paid, last 24h−0.002%paid, last 7 days−0.048%to open and close $10k−$26
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX USDC-USDT-SWAP1.00000get 0.0000% / 8h2h 38m$1.1M$37K50x
ShortBitget USDCUSDT0.9994−0.0054pay 0.0054% / 8h2h 38m$4.3M$14K50x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$11.34
Slippage, 4 orders
−$3.68
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$37.02
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; Bitget: live order book, 1 min ago.

Price risk

price view
Price gap now
−0.065%
Avg gap 7d
−0.057%
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 OKX live order book, 4 min ago0.32 bp5.3 bp −$59.1 bp −$91doesn't fitdoesn't fit
Sell Bitget live order book, 1 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−0.0145%8h$2.5M$25K30xas long as short
Bitget USDCUSDTshort−0.0054%8h$4.3M$14K50x
Binance USDCUSDT−0.0042%8h$4.4M$2.7M50xas long as short
MEXC USDC_USDT−0.0041%8h$16.4M$191K200xas long as short
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-SWAPlong0.0000%8h$1.1M$37K50x
Gate USDC_USDT+0.0100%8h$253K$20K50xas long as short