Funding you earn now, next payment 04:00 UTC+0.6375%/8h= +698.1% APRpaid last 24h +0.951%
Price spread now: Kraken Futures against BingX+0.905%53s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.459%+$246 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$191 a day on $10k at the current rate, and Kraken Futures is 0.905% dearer against BingX than usual: you sell high and buy low: +$91 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.459% in total (about 128.2% a year). A funding rate is set anew for every payment. 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 | 0.02235 | 0.0192 | pay 0.0192% / 8h | 4h 47m | — | $1.7M | — |
| Short | Kraken Futures PF_BICOUSD | 0.02255 | 0.6567 | get 0.0821% / 1h | 47m 19s | $37K | $56K | 20x |
BingX BICO-USDT
Kraken Futures PF_BICOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $1,338.83
- Price spread: +0.905% → 0.000%
- $90.51
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $1,409.34
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: BingX: live order book, just now; Kraken Futures: no order-book sample. Net counts fees only.
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, just now | 6.71 bp | 22.7 bp −$23 | 55.7 bp −$557 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.02233 | −0.085% | $92K | $22K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02235 | −0.007% | $4.0M | $8.4M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02235 | 0.000% | $1.9M | $5.2M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02234 | −0.045% | $1.8M | $1.1M | 50x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02235 | 0.000% | $644K | $520K | 10x | as long as short |
| Gate BICO_USDT | +0.0180% | 8h | 0.02231 | −0.179% | $373K | $322K | 20x | as long as short |
| BingX BICO-USDTlong | +0.0192% | 8h | 0.02235 | long leg | — | $1.7M | — | |
| Bybit BICOUSDT | +0.0192% | 8h | 0.02235 | +0.009% | $2.4M | $3.8M | 20x | as long as short |
| Variational Omni BICO | +0.0256% | 8h | 0.02237 | +0.101% | $14K | $8K | — | as long as short |
| KuCoin BICOUSDTM | +0.0372% | 8h | 0.02237 | +0.089% | $1.1M | $1.3M | 20x | as long as short |
Aster BICOUSDT
Binance BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
Bitget BICOUSDT
Gate BICO_USDT
Bybit BICOUSDT
Variational Omni BICO
KuCoin BICOUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSDshort | +0.6567% | 1h | 0.02255 | +0.905% | $37K | $56K | 20x |