After costs, if the gap returns to its 7d average, $10k−$32
spread now+0.061%7d average+0.033%fees + slippage, in and out−$35spread needed0.347%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin USDCUSDTM | 0.9990 | −0.0161 | get 0.0161% / 8h | 1h 44m | $2.5M | $17K | 30x |
| Short | Binance USDCUSDT | 0.9996 | −0.0065 | pay 0.0065% / 8h | 1h 44m | $4.5M | $2.8M | 50x |
KuCoin USDCUSDTM
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
- $6.14
- Funding while held
- $2.87
- Slippage, 4 orders
- −$12.72
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$25.71
- Spread needed to break even
- 0.347%
Slippage from KuCoin: live order book, 9 min ago; Binance: live order book, 9 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0096%
- Per $10,000 a day
- +$2.87
- 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 KuCoin live order book, 9 min ago | 4.50 bp | 10.5 bp −$11 | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 0.00 bp | 5.0 bp −$5 | 5.0 bp −$50 | 6.8 bp −$683 | doesn't fit |
USDC price on every exchange
against the cheapest. Click to use as the short leg.KuCoin0.9990cheapest
Gate0.9993+0.027%Bitget0.9995+0.047%
Gate
BitgetBinance0.9996+0.061%
MEXC0.9997+0.062%Kraken Futures0.9997+0.072%OKX1.0000+0.095%Bybit1.0001+0.107%
MEXC
Kraken Futures
OKX
BybitUSDC on 8 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin USDCUSDTMlong | 0.000% | −0.0161% | 8h | $2.5M | $17K | 30x | |
| Gate USDC_USDT | +0.027% | +0.0063% | 8h | $253K | $20K | 50x | as long as short |
| Bitget USDCUSDT | +0.047% | −0.0075% | 8h | $4.3M | $14K | 50x | as long as short |
| Binance USDCUSDTshort | +0.061% | −0.0065% | 8h | $4.5M | $2.8M | 50x | |
| MEXC USDC_USDT | +0.062% | −0.0064% | 8h | $16.4M | $184K | 200x | as long as short |
| Kraken Futures PF_USDCUSD | +0.072% | −0.0053% | 1h | $14K | $112 | 50x | as long as short |
| OKX USDC-USDT-SWAP | +0.095% | 0.0000% | 8h | $1.1M | $39K | 50x | as long as short |
| Bybit USDCUSDT | +0.107% | 0.0000% | 8h | $9.5M | $413K | 50x | as long as short |