Spread before costs (cost unknown: a leg has no order-book sample)+0.071%
7d average—if it closes, per $10,000$7funding while held, a day+$3.62
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin USDCUSDTM | 0.9990 | −0.0164 | get 0.0164% / 8h | 34m 47s | $2.5M | $18K | 30x |
| Short | Kraken Futures PF_USDCUSD | 0.9997 | −0.0043 | pay 0.0005% / 1h | 34m 47s | $14K | $928 | 50x |
KuCoin USDCUSDTM
Kraken Futures PF_USDCUSDPrice 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
- $7.11
- Funding while held
- $3.62
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$11.27
- Spread needed to break even
- 0.220%
Slippage unknown: KuCoin: live order book, 8 min ago; Kraken Futures: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0121%
- Per $10,000 a day
- +$3.62
- 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, 8 min ago | 4.50 bp | 10.5 bp −$11 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
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.KuCoin0.9990cheapest
Bitget0.9994+0.036%Gate0.9996+0.056%Binance0.9996+0.058%MEXC0.9996+0.059%
Bitget
Gate
Binance
MEXCKraken Futures0.9997+0.071%
OKX1.0000+0.094%Bybit1.0001+0.106%
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% | −0.0164% | 8h | $2.5M | $18K | 30x | |
| Bitget USDCUSDT | +0.036% | −0.0082% | 8h | $4.3M | $18K | 50x | as long as short |
| Gate USDC_USDT | +0.056% | +0.0034% | 8h | $253K | $20K | 50x | as long as short |
| Binance USDCUSDT | +0.058% | −0.0070% | 8h | $4.5M | $2.8M | 50x | as long as short |
| MEXC USDC_USDT | +0.059% | −0.0070% | 8h | $16.4M | $183K | 200x | as long as short |
| Kraken Futures PF_USDCUSDshort | +0.071% | −0.0043% | 1h | $14K | $928 | 50x | |
| OKX USDC-USDT-SWAP | +0.094% | 0.0000% | 8h | $1.1M | $41K | 50x | as long as short |
| Bybit USDCUSDT | +0.106% | 0.0000% | 8h | $9.5M | $420K | 50x | as long as short |