Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.015%
Price spread now: Gate against Bybit+0.081%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1491.488% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.081%, 7d avg −0.006%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.086% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BICOUSDT | 0.02225 | 0.0101 | pay 0.0101% / 8h | 2h 40m | $2.3M | $3.8M | 20x |
| Short | Gate BICO_USDT | 0.02227 | 0.0100 | get 0.0100% / 8h | 2h 40m | $367K | $334K | 20x |
Bybit BICOUSDT
Gate BICO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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
- −$0.11
- Price spread: +0.081% → −0.006%
- $8.64
- Slippage, 4 orders
- −$122.82
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$140.29
- Costs to cover
- 1.488%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 5 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 Bybit live order book, 2 min ago | 2.91 bp | 36.5 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 11.17 bp | 28.5 bp −$28 | 113.2 bp −$1,132 | 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 | 0.02227 | +0.081% | $92K | $22K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02224 | −0.054% | $4.0M | $8.4M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02224 | −0.054% | $1.8M | $5.1M | 20x | as long as short |
| Gate BICO_USDTshort | +0.0100% | 8h | 0.02227 | +0.081% | $367K | $334K | 20x | |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02224 | −0.054% | $1.8M | $1.1M | 50x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02224 | −0.054% | $653K | $537K | 10x | as long as short |
| Bybit BICOUSDTlong | +0.0101% | 8h | 0.02225 | long leg | $2.3M | $3.8M | 20x | |
| BingX BICO-USDT | +0.0101% | 8h | 0.02223 | −0.099% | — | $1.7M | — | as long as short |
| Variational Omni BICO | +0.0130% | 8h | 0.02231 | +0.264% | $13K | $8K | — | as long as short |
| KuCoin BICOUSDTM | +0.0158% | 8h | 0.02225 | −0.009% | $983K | $1.4M | 20x | as long as short |
Aster BICOUSDT
Binance BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
Bitget BICOUSDT
BingX BICO-USDT
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_BICOUSD | +0.3168% | 1h | 0.02233 | +0.351% | $36K | $65K | 20x | as long as short |
Kraken Futures PF_BICOUSD