USTC funding rates and arbitrage

USTC perpetuals trade on 7 contracts across 7 venues, forming 21 cross-venue arbitrage pairs. By net APR the current best pair is long Binance against short Bitget, netting 0.00%, with both legs settling on the same cadence。

USTC perpetual funding rates by venue

APR = current rate Γ— (24 Γ· settlement interval) Γ— 365. Venues settle on different cadences, so rates must be annualised before comparing.

VenueContractMarginSettlementCurrent rateAPR24h avg APR24h volumeMark
BinanceUSTCUSDTUSDT4h0.0050%+10.95%+10.95%$1.4M0.004773
LBankUSTCUSDTUSDT4h0.0050%+10.95%+10.95%$988K0.004776
BybitUSTCUSDTUSDT4h0.0050%+10.95%+10.95%$221K0.004788
MEXCUSTC_USDTUSDT4h0.0050%+10.95%+10.95%$138K0.004778
BitgetUSTCUSDTUSDT4h0.0050%+10.95%+10.95%$39K0.004776
KuCoinUSTCUSDTMUSDT4h0.0050%+10.95%+10.95%$38K0.004777
GateUSTC_USDTUSDT4h0.0050%+10.95%+10.95%$17K0.004780

USTC cross-venue arbitrage pairs

Short the higher-APR leg and go long the lower one; net APR = short leg βˆ’ long leg.

LongShortNet APRDaily24h avgSettlementLiquidity
Binance USDTBitget USDT0.00%0.0000%+0.00%4h matched$39K
Binance USDTBybit USDT0.00%0.0000%0.00%4h matched$221K
Binance USDTGate USDT0.00%0.0000%+0.00%4h matched$17K
Binance USDTKuCoin USDT0.00%0.0000%+0.00%4h matched$38K
Binance USDTLBank USDT0.00%0.0000%0.00%4h matched$988K
Binance USDTMEXC USDT0.00%0.0000%+0.00%4h matched$138K
Bitget USDTBybit USDT0.00%0.0000%-0.00%4h matched$39K
Bitget USDTGate USDT0.00%0.0000%0.00%4h matched$17K
Bitget USDTKuCoin USDT0.00%0.0000%0.00%4h matched$38K
Bitget USDTLBank USDT0.00%0.0000%-0.00%4h matched$39K
Bitget USDTMEXC USDT0.00%0.0000%0.00%4h matched$39K
Bybit USDTGate USDT0.00%0.0000%+0.00%4h matched$17K

TerraClassicUSD project profile

Key facts
Total
6.07B
Max supply
unlimited
Type
Token
Algorithm
SHA-256
Market cap rank
#684
StablecoinsUSD StablecoinSeigniorageAlleged SEC SecuritiesOsmosis EcosystemDeFiance Capital PortfolioTerra Classic EcosystemYZi Labs (Prev. Binance Labs) Portfolio
Contract addresses
terrauusd
osmosisibc/BE1BB42D4BE3C30D50B68D7C41DB4DFCE9678E8EF8C539F6E6A9345048894FCC
About

TerraClassicUSD (USTC) was originally launched as an algorithmic stablecoin within the Terra ecosystem, designed to maintain a peg to the US dollar through an automated market-Module mechanism with LUNA (now LUNC). However, following the collapse of the Terra ecosystem in May 2022, the core stabilizing mechanism was disabled, and USTC lost its peg to the US dollar. Since then, USTC has been a freely traded digital asset, with its price determined purely by market supply and demand. It no longer functions as a stablecoin, nor does it have an active peg-maintenance mechanism. USTC remains an integral part of the Terra Classic ecosystem, where it continues to be used for various purposes, including DeFi applications , gas fees and trading. Unlike traditional fiat-backed assets, USTC’s value fluctuates based on market conditions and community participation.

Reference data from CoinGecko, independent of the rate data on this site. We do not verify or endorse what these links contain.

Funding rates for other coins

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