# USDC funding rates and arbitrage

Updated 2026-10-30 04:11 UTC · https://afterfees.xyz/coin/USDC

## Best USDC arbitrage after every cost

No USDC pair nets a profit at this size right now.

_At $10,000 per side, held 7 days, after taker fees, order-book slippage and carry._

## USDC funding rate on every exchange

| Exchange | Contract | Rate | Every | Annualised | Settled 7d, annualised | Open interest | Next settlement |
|---|---|---|---|---|---|---|---|
| [Kraken](https://afterfees.xyz/venues/kraken) | PF_USDCUSD | 0.0017% | 1 h | +14.6% | +16.7% | $24.2K | 2026-10-30 05:00 |
| [OKX](https://afterfees.xyz/venues/okx) | USDC-USDT-SWAP | -0.0034% | 8 h | −3.7% | 0.0% | $1M | 2026-10-30 08:00 |
| [Bitget](https://afterfees.xyz/venues/bitget) | USDCUSDT | -0.0045% | 8 h | −4.9% | −0.6% | $3.3M | 2026-10-30 08:00 |
| [Bybit](https://afterfees.xyz/venues/bybit) | USDCUSDT | -0.0128% | 8 h | −14.0% | −1.2% | $7.8M | 2026-10-30 08:00 |
| [MEXC](https://afterfees.xyz/venues/mexc) | USDC_USDT | -0.0160% | 8 h | −17.5% | −5.7% | $5.9M | 2026-10-30 08:00 |
| [Binance](https://afterfees.xyz/venues/binance) | USDCUSDT | -0.0160% | 8 h | −17.5% | −5.7% | $5.7M | 2026-10-30 08:00 |
| [KuCoin](https://afterfees.xyz/venues/kucoin) | USDCUSDTM | -0.0407% | 8 h | −44.6% | +4.3% | $1.2M | 2026-10-30 08:00 |
| [Gate](https://afterfees.xyz/venues/gate) | USDC_USDT | -0.0581% | 8 h | −63.6% | −2.4% | $139K | 2026-10-30 08:00 |

## Cost to enter $10,000 of USDC

| Exchange | Contract | Fee + slippage | Source |
|---|---|---|---|
| MEXC | USDC_USDT | 4.0 bp | top of book only |
| Binance | USDCUSDT | 5.0 bp | top of book only |
| OKX | USDC-USDT-SWAP | 5.0 bp | top of book only |
| Bybit | USDCUSDT | 6.0 bp | top of book only |
| Bitget | USDCUSDT | 7.0 bp | top of book only |
| Kraken | PF_USDCUSD | 8.0 bp | top of book only |
| Gate | USDC_USDT | 8.5 bp | top of book only |
| KuCoin | USDCUSDTM | 9.0 bp | top of book only |

_Taker fee plus slippage of a market buy of $10,000 from the mid price, at standard (VIP0) fees._

## Questions

**Is USDC funding-rate arbitrage profitable right now?**

Not at $10,000 per side for 7 days: no USDC pair shows a verified profit after fees and order-book slippage right now. Rates change every hour; the live page re-ranks continuously.

**Which exchange has the highest USDC funding rate?**

Kraken at +14.6% a year (0.0017% every 1 h); the lowest is Gate at −63.6%. A positive rate is paid by longs to shorts, a negative one by shorts to longs.

_The method behind every number on AfterFees is published; Pro opens each figure into its line-by-line calculation. Estimates from current data, not investment advice. We never hold funds or trade for you._