balanceStablecoin cross-rate funding

Stablecoin Funding Arbitrage

Explore stablecoin funding rates across perpetual futures markets. Pick a stablecoin pair — USDC/USDT, EUR/USDT, USDC/USDe and other pairs pegged to the same value — and view its funding rate history on any exchange.

The stablecoin page lets you select a stablecoin perpetual pair (e.g. USDC/USDT, EUR/USDT) and explore its funding rate history. Only pairs where both legs stay pegged to the same value for long periods are offered, so the funding rate is the key signal to watch.

Live data readyStablecoin funding history sourced from the public arbitrage funding dataset.Locale: EN

Funding history

Stablecoin funding history

Select a stablecoin pair (e.g. USDC/USDT, EUR/USDT, USDC/USDe) and explore its funding rate history. Only pairs where both legs stay pegged to the same value for long periods are offered.

calculateCalculator — funding you collect

expand_more

calculate

Position inputs

Live

Lower → Long · Higher → Short

Leg A

Invest (Quote A)$Lev (Quote A)

Leg B

Invest (Quote B)$Lev (Quote B)

📈 Long

Notional$0

📉 Short

Notional$0

PnL 7D

$0.00

both legs, funding only

ROI 7D

0.00%

RiskLOW

Quote A Funding (7D)

--%

Cumulative rate

Fetching market data...

CoinCryptoRank

historyRecent history

Quote A / Quote Bexpand_more

Time (UTC)	Quote A (%)	Quote B (%)	Differential (%)
No funding history loaded yet

①

What is Cross-Perpetual Arbitrage?

STEP 1 OF 6

The same crypto asset (e.g. BTC) can trade on different exchanges with different quote currencies: BTC/USDT on Binance and BTC/USDC on Bybit. Each perpetual contract has its own funding rate.

Cross-perpetual arbitrage means simultaneously going LONG on the contract with LOWER funding and SHORT on the contract with HIGHER funding. The price risk is hedged — profit comes purely from the funding rate difference.

②

When to Long, When to Short?

STEP 2 OF 6

📈 Long = the contract with LOWER cumulative funding

You buy (long) the perpetual whose funding rate sums to less over the period. If the rate is negative — you get paid to hold.

📉 Short = the contract with HIGHER cumulative funding

You sell (short) the perpetual whose funding rate sums to more over the period. If positive — shorts pay longs, so as a short you receive funding.

💡 Principle

Sum each quote's cumulative funding rate over the selected period. Lower sum → Long there. Higher sum → Short there. The difference = your potential spread.

③

Multi-Margin (Cross Margin)

STEP 3 OF 6

⚠️ IMPORTANT!

To execute this strategy, you MUST enable MULTI-MARGIN (Cross Margin) on your exchange. Isolated margin will NOT allow holding two opposing perpetual positions simultaneously.

Binance: Settings → Margin → Enable Multi-Assets Mode
Bybit: Account Settings → Cross Margin
OKX: Multi-Currency Margin Mode

④

Missed Profit Estimate

STEP 4 OF 6

Below the chart we show how much you could have earned if you had opened the position at the start of the selected period:

$
Daily income (hypothetical)
Spread × position size × funding periods per day
📆
Monthly income (hypothetical)
Daily × 30
📈
Yearly income (hypothetical)
Daily × 365. Without compounding.

⑤

Strategy Example

STEP 5 OF 6

Data (7 days):

BTC/USDT (Binance) → Funding: +0.004% (lower)
BTC/USDC (Bybit) → Funding: +0.012% (higher)
Spread: 0.008% × 3 periods/day = 0.024%/day
With $10,000 capital → $2.40/day → ~$72/month → ~$876/year

🎯 Result

Long BTC/USDT (low funding), Short BTC/USDC (high funding). BTC price can go anywhere — the positions hedge each other. You earn purely from the funding rate difference.

⑥

Risks & Disclaimers

STEP 6 OF 6

⚠️Funding rates change — the strategy does not guarantee fixed returns.
⚠️Leverage affects liquidation risk. Use moderate leverage.
⚠️Exchange fees (maker/taker) reduce net profit. Account for them.
⚠️Data on this page is analytical, not investment advice.

Always verify data and use risk management.

How stablecoin funding works

Stablecoin perpetual pairs (e.g. USDC/USDT, EUR/USDT) trade at funding rates that reflect supply and demand for each stablecoin. Because both legs stay pegged near the same value, the funding rate is the dominant signal — it shows who pays whom to hold the position. The chart lets you inspect the funding history of any stablecoin pair on any exchange.

What to watch

Monitor the funding rate trend, depeg risk, and exchange withdrawal limits. Stablecoins can temporarily deviate from their peg during market stress, so always verify the pair trades near its intended value before acting on funding data.