Funding you earn now, next payment 00:00 UTC+0.0163%/8h= +17.8% APRnext payment +$1.63 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Binance+0.170%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$1021.021% of the position
Funding, last 7 days+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.170%, 7d avg +0.040%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Gate is 0.131% dearer against Binance than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.040%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BICOUSDT | 0.02251 | 0.0100 | pay 0.0100% / 8h | 2h 16m | $4.1M | $8.6M | 20x |
| Short | Gate BICO_USDT | 0.02255 | 0.0263 | get 0.0263% / 8h | 2h 16m | $402K | $313K | 20x |
Binance BICOUSDT
Gate BICO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $34.23
- Price spread: +0.170% → +0.040%
- $13.07
- Slippage, 4 orders
- −$77.08
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$54.78
- Costs to cover
- 1.021%
- Break-even
- 18.2 days
Slippage from Binance: live order book, 8 min ago; Gate: live order book, 4 min ago.
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 Binance live order book, 8 min ago | 2.21 bp | 17.2 bp −$17 | 92.0 bp −$920 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 11.06 bp | 36.5 bp −$36 | 121.2 bp −$1,212 | doesn't fit | doesn't fit |
BICO on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BICOUSDT | +0.0100% | 8h | 0.02254 | +0.107% | $94K | $20K | 5x | as long as short |
| Binance BICOUSDTlong | +0.0100% | 8h | 0.02251 | long leg | $4.1M | $8.6M | 20x | |
| Bybit BICOUSDT | +0.0100% | 8h | 0.02253 | +0.077% | $2.4M | $3.7M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02252 | +0.037% | $1.8M | $5.3M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02250 | −0.052% | $1.8M | $1.0M | 50x | as long as short |
| KuCoin BICOUSDTM | +0.0100% | 8h | 0.02258 | +0.303% | $1.0M | $1.2M | 20x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02252 | +0.037% | $646K | $451K | 10x | as long as short |
| BingX BICO-USDT | +0.0100% | 8h | 0.02254 | +0.126% | — | $1.7M | — | as long as short |
| Variational Omni BICO | +0.0100% | 8h | 0.02260 | +0.407% | $16K | $4K | — | as long as short |
| Gate BICO_USDTshort | +0.0263% | 8h | 0.02255 | +0.170% | $402K | $313K | 20x |
Aster BICOUSDT
Bybit BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
KuCoin BICOUSDTM
Bitget BICOUSDT
BingX BICO-USDT
Variational Omni BICOShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.5151% | 1h | 0.02262 | +0.492% | $41K | $47K | 20x | as long as short |
Kraken Futures PF_BICOUSD