Funding you earn now, next payment 08:00 UTC+0.0014%/8h= +1.6% APRnext payment +$0.14 per $10,000 · paid last 24h −0.015%
Price spread now: Bybit against Gate+0.035%7-day average +0.003% · 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−$1431.427% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.035%, 7d avg +0.003%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bybit is 0.032% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BICO_USDT | 0.02259 | 0.0402 | pay 0.0402% / 8h | 5h 20m | $381K | $339K | 20x |
| Short | Bybit BICOUSDT | 0.02260 | 0.0416 | get 0.0416% / 8h | 5h 20m | $2.4M | $3.8M | 20x |
Gate BICO_USDT
Bybit BICOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $3.01
- Price spread: +0.035% → +0.003%
- $3.21
- Slippage, 4 orders
- −$116.73
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$136.52
- Costs to cover
- 1.427%
- Break-even
- 324.6 days
Slippage from Gate: live order book, 40 min ago; Bybit: live order book, 2 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 | 8.80 bp | 25.7 bp −$26 | 111.2 bp −$1,112 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 4.65 bp | 38.5 bp −$39 | 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 | 0.02261 | +0.072% | $94K | $20K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02259 | 0.000% | $4.1M | $8.4M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02260 | +0.044% | $1.9M | $5.2M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02259 | 0.000% | $1.8M | $1.0M | 50x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02259 | 0.000% | $641K | $497K | 10x | as long as short |
| Variational Omni BICO | +0.0313% | 8h | 0.02261 | +0.074% | $14K | $8K | — | as long as short |
| KuCoin BICOUSDTM | +0.0397% | 8h | 0.02265 | +0.266% | $1.1M | $1.3M | 20x | as long as short |
| Gate BICO_USDTlong | +0.0402% | 8h | 0.02259 | long leg | $381K | $339K | 20x | |
| BingX BICO-USDT | +0.0402% | 8h | 0.02259 | 0.000% | — | $1.7M | — | as long as short |
| Bybit BICOUSDTshort | +0.0416% | 8h | 0.02260 | +0.035% | $2.4M | $3.8M | 20x |
Aster BICOUSDT
Binance BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
Bitget BICOUSDT
Variational Omni BICO
KuCoin BICOUSDTM
BingX BICO-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.7098% | 1h | 0.02280 | +0.917% | $38K | $56K | 20x | as long as short |
Kraken Futures PF_BICOUSD