USDC Funding Rate — live across 7 venues

Perpetual funding · compared across 7 venues · net of estimated fees · updated every few minutes

Live annualized USDC perpetual funding across all 7 venues Perpia tracks. Right now USDC funding is positive on 2 and negative on 4, ranging from +8.8% on KuCoin to -16.2% on Bitget — a spread of 25.0%. The widest delta-neutral trade is long Bitget / short KuCoin at 20.8% net APR.

7venues

2paying positive

25.0%funding spread

Best USDC spread now

20.8%

net APR after fees

LongBitget↗→ShortKuCoin↗

size depends on live venue depth — see the real cap in the scanner

USDC funding trend & liquidity

168h of history

25.0%current gross APR

15.3%24h average

0.2%7-day average

$1.2Mpair OI · lower leg

$17K24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

USDC · Bitget → KuCoin — no history

Loading USDC rate history…

Build a route

any two of the 7 venues

Long (pays you)every 8hShort (you collect)every 8h

Gross spread+25.0%+$6.84 / day on $10,000

Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 7 venues

Venue	Funding APR ↓	Interval
KuCoin↗short	+8.8%	every 8h
Gate.io↗	+0.9%	every 8h
OKX↗	+0.0%	every 8h
below — these venues pay the longs: this is the leg you buy
MEXC↗	−1.6%	every 8h
Binance↗	−1.7%	every 8h
Bybit↗	−9.6%	every 8h
Bitget↗long	−16.2%	every 8h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Bitget vs KuCoin page. 15 pairs scanned for USDC.

USDC arbitrage — 30-day backtest

long Bitget · short KuCoin

0.1%backtested APR

+$1historical net P&L on $10,000

0.13%max drawdown

$10,000$10,001

30 days agostarting capital $10,000today

Over the last 30 days, holding long Bitget / short KuCoin would have produced 0.1% APR — versus the 20.8% the live spread implies right now (equity $10,000 → $10,001). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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USDC — FAQ

Is USDC funding positive right now?

USDC perpetual funding is positive on 2 of 7 venues Perpia tracks and negative on 4. The highest is +8.8% on KuCoin; the lowest is -16.2% on Bitget.

What is the best USDC funding arbitrage right now?

Go long Bitget and short KuCoin for about 20.8% net APR after fees — the widest delta-neutral USDC spread Perpia currently sees.

Which exchange has the highest USDC funding rate?

KuCoin, at +8.8% annualized. Funding shifts continuously, so check the live table above before trading.

How USDC funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to USDC

also quoted on both Bitget and KuCoin

The same two exchanges you would already have funded for the USDC trade. Every spread between them is on the Bitget vs KuCoin page.

Open the live scanner →All funding rates Funding by exchange How we calculate this