After costs, if the gap returns to its 7d average, $10k−$23
spread now−0.038%7d average−0.030%fees + slippage, in and out−$22spread needed0.220%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USDCUSDT | 1.0000 | 0 | get 0.0000% / 8h | 11m 55s | $9.5M | $421K | 50x |
| Short | Binance USDCUSDT | 0.9996 | −0.0061 | pay 0.0061% / 8h | 11m 55s | $4.5M | $2.9M | 50x |
Bybit USDCUSDT
Binance USDCUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$3.76
- Funding while held
- −$1.84
- Slippage, 4 orders
- −$1.01
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$27.61
- Spread needed to break even
- 0.220%
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 12 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0061%
- Per $10,000 a day
- −$1.84
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 3 min ago | 0.50 bp | 6.0 bp −$6 | 8.0 bp −$80 | 431.9 bp −$43.2K | doesn't fit |
| Sell Binance live order book, 12 min ago | 0.00 bp | 5.0 bp −$5 | 5.2 bp −$52 | 7.9 bp −$792 | doesn't fit |
USDC price on every exchange
against the cheapest. Click to use as the short leg.Gate0.9993cheapestBitget0.9994+0.010%KuCoin0.9995+0.020%
Gate
Bitget
KuCoinBinance0.9996+0.032%
MEXC0.9996+0.033%Kraken Futures0.9997+0.045%
MEXC
Kraken FuturesBybit1.0000+0.070%
OKX1.0000+0.071%
OKXUSDC on 8 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate USDC_USDT | −0.070% | +0.0037% | 8h | $253K | $21K | 50x | as long as short |
| Bitget USDCUSDT | −0.060% | −0.0075% | 8h | $4.3M | $18K | 50x | as long as short |
| KuCoin USDCUSDTM | −0.050% | −0.0156% | 8h | $2.5M | $18K | 30x | as long as short |
| Binance USDCUSDTshort | −0.038% | −0.0061% | 8h | $4.5M | $2.9M | 50x | |
| MEXC USDC_USDT | −0.037% | −0.0062% | 8h | $16.4M | $185K | 200x | as long as short |
| Kraken Futures PF_USDCUSD | −0.025% | −0.0043% | 1h | $14K | $928 | 50x | as long as short |
| Bybit USDCUSDTlong | 0.000% | 0.0000% | 8h | $9.5M | $421K | 50x | |
| OKX USDC-USDT-SWAP | +0.001% | 0.0000% | 8h | $1.1M | $41K | 50x | as long as short |