Funding you earn now, next payment 00:00 UTC−0.0150%/8h= −16.4% APRnext payment −$1.50 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Gate−0.052%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1021.021% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)−0.035%−$3 · spread now −0.052%, 7d avg −0.040%
=The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BICO_USDT | 0.02252 | 0.0250 | pay 0.0250% / 8h | 2h 13m | $402K | $313K | 20x |
| Short | Binance BICOUSDT | 0.02251 | 0.0100 | get 0.0100% / 8h | 2h 13m | $4.1M | $8.6M | 20x |
Gate BICO_USDT
Binance BICOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Gate. 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
- −$31.5
- Price spread: −0.052% → −0.040%
- −$1.27
- Slippage, 4 orders
- −$77.08
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$134.86
- Costs to cover
- 1.021%
- Break-even
- never at this rate
Slippage from Gate: live order book, 7 min ago; Binance: live order book, 11 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 Gate live order book, 7 min ago | 11.06 bp | 30.3 bp −$30 | 664.4 bp −$6,644 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 2.21 bp | 18.1 bp −$18 | 90.7 bp −$907 | 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 | 0.02251 | −0.034% | $94K | $20K | 5x | as long as short |
| Binance BICOUSDTshort | +0.0100% | 8h | 0.02251 | −0.052% | $4.1M | $8.6M | 20x | |
| Bybit BICOUSDT | +0.0100% | 8h | 0.02252 | −0.004% | $2.4M | $3.7M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02249 | −0.133% | $1.8M | $5.3M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02250 | −0.089% | $1.8M | $1.0M | 50x | as long as short |
| KuCoin BICOUSDTM | +0.0100% | 8h | 0.02251 | −0.044% | $997K | $1.2M | 20x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02250 | −0.089% | $645K | $450K | 10x | as long as short |
| BingX BICO-USDT | +0.0100% | 8h | 0.02250 | −0.089% | — | $1.7M | — | as long as short |
| Variational Omni BICO | +0.0100% | 8h | 0.02255 | +0.118% | $16K | $4K | — | as long as short |
| Gate BICO_USDTlong | +0.0250% | 8h | 0.02252 | long leg | $402K | $313K | 20x |
Aster BICOUSDT
Bybit BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
KuCoin BICOUSDTM
Bitget BICOUSDT
BingX BICO-USDT
Variational Omni BICOShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.5157% | 1h | 0.02259 | +0.324% | $40K | $47K | 20x | as long as short |
Kraken Futures PF_BICOUSD