Funding you earn now, next payment 08:00 UTC−0.0412%/8h= −45.1% APRnext payment −$4.12 per $10,000 · paid last 24h −0.010%
Price spread now: Binance against BingX−0.089%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$720.721% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 7 days+0.019%+$2 · spread now −0.089%, 7d avg −0.028%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Binance is 0.061% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.028%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.008% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.12 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX BICO-USDT | 0.02240 | 0.0512 | pay 0.0512% / 8h | 6h 55m | — | $1.7M | — |
| Short | Binance BICOUSDT | 0.02238 | 0.0100 | get 0.0100% / 8h | 6h 55m | $4.0M | $8.5M | 20x |
BingX BICO-USDT
Binance BICOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- −$86.52
- Price spread: −0.089% → −0.028%
- −$6.08
- Slippage, 4 orders
- −$52.1
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$164.7
- Costs to cover
- 0.721%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; Binance: live order book, 14 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 BingX live order book, 7 min ago | 6.63 bp | 18.8 bp −$19 | 47.3 bp −$473 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 2.20 bp | 22.0 bp −$22 | 98.9 bp −$989 | 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 | 0.02241 | +0.058% | $93K | $19K | 5x | as long as short |
| Binance BICOUSDTshort | +0.0100% | 8h | 0.02238 | −0.089% | $4.0M | $8.5M | 20x | |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02239 | −0.045% | $1.9M | $5.1M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02239 | −0.045% | $1.8M | $1.0M | 50x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02239 | −0.045% | $641K | $477K | 10x | as long as short |
| KuCoin BICOUSDTM | +0.0178% | 8h | 0.02243 | +0.134% | $1.1M | $1.3M | 20x | as long as short |
| Variational Omni BICO | +0.0217% | 8h | 0.02243 | +0.141% | $14K | $8K | — | as long as short |
| Gate BICO_USDT | +0.0281% | 8h | 0.02241 | +0.045% | $402K | $295K | 20x | as long as short |
| BingX BICO-USDTlong | +0.0512% | 8h | 0.02240 | long leg | — | $1.7M | — | |
| Bybit BICOUSDT | +0.0539% | 8h | 0.02241 | +0.049% | $2.4M | $3.7M | 20x | as long as short |
Aster BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
Bitget BICOUSDT
KuCoin BICOUSDTM
Variational Omni BICO
Gate BICO_USDT
Bybit BICOUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.6403% | 1h | 0.02262 | +0.969% | $39K | $52K | 20x | as long as short |
Kraken Futures PF_BICOUSD