After costs, if the gap returns to its 7d average, $10k−$34
spread now+0.095%7d average+0.063%fees + slippage, in and out−$38spread needed0.376%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin USDCUSDTM | 0.9990 | −0.0146 | get 0.0146% / 8h | 2h 35m | $2.5M | $25K | 30x |
| Short | Bybit USDCUSDT | 1.0000 | 0 | get 0.0000% / 8h | 2h 35m | $9.5M | $406K | 50x |
KuCoin USDCUSDTM
Bybit 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
- $9.51
- Funding while held
- $4.38
- Slippage, 4 orders
- −$14.6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$23.71
- Spread needed to break even
- 0.376%
Slippage from KuCoin: live order book, 7 min ago; Bybit: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0146%
- Per $10,000 a day
- +$4.38
- 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, 7 min ago | 4.50 bp | 10.5 bp −$11 | 10.6 bp −$106 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.50 bp | 6.0 bp −$6 | 6.4 bp −$64 | 139.1 bp −$13.9K | doesn't fit |
USDC price on every exchange
against the cheapest. Click to use as the short leg.KuCoin0.9990cheapest
Bitget0.9994+0.035%MEXC0.9996+0.057%Binance0.9996+0.058%Gate0.9997+0.065%Kraken Futures0.9997+0.070%
Bitget
MEXC
Binance
Gate
Kraken FuturesBybit1.0000+0.095%
OKX1.0000+0.100%
OKXUSDC on 8 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin USDCUSDTMlong | 0.000% | −0.0146% | 8h | $2.5M | $25K | 30x | |
| Bitget USDCUSDT | +0.035% | −0.0054% | 8h | $4.3M | $14K | 50x | as long as short |
| MEXC USDC_USDT | +0.057% | −0.0043% | 8h | $16.4M | $191K | 200x | as long as short |
| Binance USDCUSDT | +0.058% | −0.0043% | 8h | $4.4M | $2.7M | 50x | as long as short |
| Gate USDC_USDT | +0.065% | +0.0100% | 8h | $253K | $20K | 50x | as long as short |
| Kraken Futures PF_USDCUSD | +0.070% | −0.0033% | 1h | $14K | $112 | 50x | as long as short |
| Bybit USDCUSDTshort | +0.095% | 0.0000% | 8h | $9.5M | $406K | 50x | |
| OKX USDC-USDT-SWAP | +0.100% | 0.0000% | 8h | $1.1M | $38K | 50x | as long as short |