Spread before costs (cost unknown: a leg has no order-book sample)−0.035%
7d average—if it closes, per $10,000$4funding while held, a day−$0.26
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_USDCUSD | 0.9998 | −0.0139 | get 0.0017% / 1h | 54m 54s | $14K | $928 | 50x |
| Short | KuCoin USDCUSDTM | 0.9994 | −0.0148 | pay 0.0148% / 8h | 7h 54m | $2.5M | $18K | 30x |
Kraken Futures PF_USDCUSD
KuCoin USDCUSDTMPrice 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
- −$3.5
- Funding while held
- −$0.26
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$25.76
- Spread needed to break even
- 0.220%
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 8 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0009%
- Per $10,000 a day
- −$0.26
- 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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 8 min ago | 4.50 bp | 13.4 bp −$13 | 136.8 bp −$1,368 | doesn't fit | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
USDC price on every exchange
against the cheapest. Click to use as the short leg.Gate0.9993cheapest
GateKuCoin0.9994+0.010%
MEXC0.9996+0.029%Binance0.9996+0.030%Bitget0.9996+0.030%
MEXC
Binance
BitgetKraken Futures0.9998+0.045%
OKX1.0000+0.068%Bybit1.0000+0.070%
OKX
BybitUSDC on 8 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate USDC_USDT | −0.045% | +0.0100% | 8h | $253K | $21K | 50x | as long as short |
| KuCoin USDCUSDTMshort | −0.035% | −0.0148% | 8h | $2.5M | $18K | 30x | |
| MEXC USDC_USDT | −0.016% | −0.0052% | 8h | $16.4M | $184K | 200x | as long as short |
| Binance USDCUSDT | −0.015% | −0.0052% | 8h | $4.4M | $2.9M | 50x | as long as short |
| Bitget USDCUSDT | −0.015% | −0.0066% | 8h | $4.3M | $18K | 50x | as long as short |
| Kraken Futures PF_USDCUSDlong | 0.000% | −0.0139% | 1h | $14K | $928 | 50x | |
| OKX USDC-USDT-SWAP | +0.023% | 0.0000% | 8h | $1.1M | $40K | 50x | as long as short |
| Bybit USDCUSDT | +0.025% | 0.0000% | 8h | $9.5M | $420K | 50x | as long as short |