Funding you earn now, next payment 04:00 UTC−0.0746%/8h= −81.7% APRpaid last 24h −0.010%
Price spread now: OKX against BingX+0.044%7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$910.910% of the position
Funding, last 7 days−0.148%−$15 on $10k
+Price spread, last 7 days−0.088%−$9 · spread now +0.044%, 7d avg −0.057%
=The price spread pays, funding is against you. OKX is 0.101% dearer against BingX than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.057%): +$10 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.148% in total) that is about 4.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.148% in total (about -7.7% 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 | 0.02260 | 0.0846 | pay 0.0846% / 8h | 6h 29m | — | $1.7M | — |
| Short | OKX BICO-USDT-SWAP | 0.02261 | 0.0100 | get 0.0050% / 4h | 2h 29m | $1.9M | $5.2M | 20x |
BingX BICO-USDT
OKX BICO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$156.66
- Price spread: +0.044% → −0.057%
- $10.09
- Slippage, 4 orders
- −$71.04
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$237.6
- Costs to cover
- 0.910%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; OKX: live order book, 3 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 | 6.65 bp | 18.4 bp −$18 | 49.4 bp −$494 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.21 bp | 20.3 bp −$20 | doesn't fit | 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 | 0.02259 | −0.036% | $94K | $19K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02259 | −0.037% | $4.1M | $8.5M | 20x | as long as short |
| OKX BICO-USDT-SWAPshort | +0.0100% | 4h | 0.02261 | +0.044% | $1.9M | $5.2M | 20x | |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02261 | +0.044% | $1.8M | $1.0M | 50x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02263 | +0.133% | $648K | $486K | 10x | as long as short |
| KuCoin BICOUSDTM | +0.0305% | 8h | 0.02266 | +0.265% | $1.1M | $1.3M | 20x | as long as short |
| Variational Omni BICO | +0.0320% | 8h | 0.02262 | +0.108% | $14K | $8K | — | as long as short |
| BingX BICO-USDTlong | +0.0846% | 8h | 0.02260 | long leg | — | $1.7M | — | |
| Bybit BICOUSDT | +0.0927% | 8h | 0.02260 | +0.004% | $2.4M | $3.8M | 20x | as long as short |
| Gate BICO_USDT | +0.1100% | 8h | 0.02264 | +0.177% | $407K | $311K | 20x | as long as short |
Aster BICOUSDT
Binance BICOUSDT
MEXC BICO_USDT
Bitget BICOUSDT
KuCoin BICOUSDTM
Variational Omni BICO
Bybit BICOUSDT
Gate BICO_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.6372% | 1h | 0.02273 | +0.559% | $39K | $52K | 20x | as long as short |
Kraken Futures PF_BICOUSD