Funding you earn now, next payment 08:00 UTC−0.0302%/8h= −33.1% APRnext payment −$3.02 per $10,000 · paid last 24h −0.010%
Price spread now: Bitget against BingX−0.088%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$920.918% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.088%, 7d avg −0.014%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bitget is 0.075% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.014%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.001% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.02 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 | 0.02261 | 0.0402 | pay 0.0402% / 8h | 5h 20m | — | $1.7M | — |
| Short | Bitget BICOUSDT | 0.02259 | 0.0100 | get 0.0100% / 8h | 5h 20m | $641K | $497K | 10x |
BingX BICO-USDT
Bitget BICOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$63.42
- Price spread: −0.088% → −0.014%
- −$7.45
- Slippage, 4 orders
- −$69.84
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$162.71
- Costs to cover
- 0.918%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Bitget: live order book, 40 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, 3 min ago | 6.64 bp | 20.7 bp −$21 | 52.0 bp −$520 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 40 min ago | 6.61 bp | 26.4 bp −$26 | 99.8 bp −$998 | 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 | 0.02261 | −0.015% | $94K | $20K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02259 | −0.088% | $4.1M | $8.4M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02260 | −0.044% | $1.9M | $5.2M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02259 | −0.088% | $1.8M | $1.0M | 50x | as long as short |
| Bitget BICOUSDTshort | +0.0100% | 8h | 0.02259 | −0.088% | $641K | $497K | 10x | |
| Variational Omni BICO | +0.0313% | 8h | 0.02261 | −0.014% | $14K | $8K | — | as long as short |
| KuCoin BICOUSDTM | +0.0397% | 8h | 0.02263 | +0.088% | $1.1M | $1.3M | 20x | as long as short |
| Gate BICO_USDT | +0.0402% | 8h | 0.02259 | −0.088% | $381K | $339K | 20x | as long as short |
| BingX BICO-USDTlong | +0.0402% | 8h | 0.02261 | long leg | — | $1.7M | — | |
| Bybit BICOUSDT | +0.0416% | 8h | 0.02260 | −0.053% | $2.4M | $3.8M | 20x | as long as short |
Aster BICOUSDT
Binance BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
Variational Omni BICO
KuCoin BICOUSDTM
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 | +0.7098% | 1h | 0.02280 | +0.828% | $38K | $56K | 20x | as long as short |
Kraken Futures PF_BICOUSD