Funding you earn now, next payment 08:00 UTC+0.0135%/8h= +14.8% APRnext payment +$1.35 per $10,000 · paid last 24h +0.019%
Price spread now: Gate against BingX−0.044%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1101.103% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.044%, 7d avg +0.014%
=Funding pays, the price is against you. Gate is 0.058% cheaper against BingX than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.014%). If the spread goes back, that is −$6 on $10k: about 34 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.030% in total) that is about 14 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX BICO-USDT | 0.02265 | 0.0100 | pay 0.0100% / 8h | 7h 44m | — | $1.7M | — |
| Short | Gate BICO_USDT | 0.02264 | 0.0235 | get 0.0235% / 8h | 7h 44m | $405K | $299K | 20x |
BingX BICO-USDT
Gate BICO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $28.35
- Price spread: −0.044% → +0.014%
- −$5.81
- Slippage, 4 orders
- −$85.27
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$87.73
- Costs to cover
- 1.103%
- Break-even
- 28.7 days
Slippage from BingX: live order book, 8 min ago; Gate: live order book, 26 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, 8 min ago | 6.61 bp | 17.4 bp −$17 | 41.9 bp −$419 | doesn't fit | doesn't fit |
| Sell Gate live order book, 26 min ago | 15.52 bp | 36.3 bp −$36 | 742.8 bp −$7,428 | 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 | 0.02262 | −0.116% | $94K | $19K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02263 | −0.088% | $4.1M | $8.4M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02260 | −0.221% | $1.9M | $5.2M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02261 | −0.177% | $1.8M | $1.0M | 50x | as long as short |
| KuCoin BICOUSDTM | +0.0100% | 8h | 0.02267 | +0.088% | $1.1M | $1.3M | 20x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02263 | −0.088% | $647K | $459K | 10x | as long as short |
| BingX BICO-USDTlong | +0.0100% | 8h | 0.02265 | long leg | — | $1.7M | — | |
| Variational Omni BICO | +0.0113% | 8h | 0.02269 | +0.163% | $16K | $5K | — | as long as short |
| Bybit BICOUSDT | +0.0115% | 8h | 0.02264 | −0.022% | $2.5M | $3.7M | 20x | as long as short |
| Gate BICO_USDTshort | +0.0235% | 8h | 0.02264 | −0.044% | $405K | $299K | 20x |
Aster BICOUSDT
Binance BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
KuCoin BICOUSDTM
Bitget BICOUSDT
Variational Omni BICO
Bybit BICOUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.3479% | 1h | 0.02276 | +0.468% | $39K | $52K | 20x | as long as short |
Kraken Futures PF_BICOUSD