Funding you earn now, next payment 00:00 UTC−0.0186%/8h= −20.4% APRnext payment −$1.86 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Gate+0.400%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$1091.092% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−0.388%−$39 · spread now +0.400%, 7d avg −0.014%
=The price spread pays, funding is against you. BingX is 0.413% dearer against Gate than usual: you sell high and buy low (spread +0.400% now, against its 7-day average of −0.014%): +$41 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 7.4 days. At the pace of the last 7 days (−0.014% in total) that is about 7 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.014% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.86 per $10,000. 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 | Gate BICO_USDT | 0.02251 | 0.0292 | pay 0.0292% / 8h | 35m 32s | $403K | $306K | 20x |
| Short | BingX BICO-USDT | 0.02260 | 0.0106 | get 0.0106% / 8h | 35m 32s | — | $1.7M | — |
Gate BICO_USDT
BingX BICO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$39.06
- Price spread: +0.400% → −0.014%
- $41.34
- Slippage, 4 orders
- −$84.17
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$106.89
- Costs to cover
- 1.092%
- Break-even
- never at this rate
Slippage from Gate: live order book, 40 min ago; BingX: 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, 40 min ago | 6.65 bp | 35.4 bp −$35 | 110.1 bp −$1,101 | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 2.21 bp | 31.9 bp −$32 | 58.7 bp −$587 | 654.9 bp −$65.5K | 1131.1 bp −$565.6K |
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 | +0.011% | $94K | $18K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02250 | −0.027% | $4.1M | $8.4M | 20x | as long as short |
| Bybit BICOUSDT | +0.0100% | 8h | 0.02252 | +0.058% | $2.4M | $3.6M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02251 | 0.000% | $1.8M | $5.2M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02251 | 0.000% | $1.8M | $1.0M | 50x | as long as short |
| KuCoin BICOUSDTM | +0.0100% | 8h | 0.02258 | +0.311% | $1.0M | $1.2M | 20x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02251 | 0.000% | $650K | $456K | 10x | as long as short |
| Variational Omni BICO | +0.0100% | 8h | 0.02252 | +0.053% | $16K | $5K | — | as long as short |
| BingX BICO-USDTshort | +0.0106% | 8h | 0.02260 | +0.400% | — | $1.7M | — | |
| Gate BICO_USDTlong | +0.0292% | 8h | 0.02251 | long leg | $403K | $306K | 20x |
Aster BICOUSDT
Binance BICOUSDT
Bybit BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
KuCoin BICOUSDTM
Bitget BICOUSDT
Variational Omni BICOShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.4138% | 1h | 0.02260 | +0.414% | $41K | $48K | 20x | as long as short |
Kraken Futures PF_BICOUSD