Funding you earn now, next payment 00:00 UTC−0.0193%/8h= −21.1% APRnext payment −$1.93 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Gate−0.044%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$720.718% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.044%, 7d avg −0.047%
=The price spread sits at its 7-day average of −0.047%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.009% in total (about -0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.93 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 | 0.02254 | 0.0293 | pay 0.0293% / 8h | 28m 34s | $403K | $306K | 20x |
| Short | MEXC BICO_USDT | 0.02253 | 0.0100 | get 0.0100% / 8h | 28m 34s | $1.8M | $1.0M | 50x |
Gate BICO_USDT
MEXC BICO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$40.53
- Price spread: −0.044% → −0.047%
- $0.28
- Slippage, 4 orders
- −$56.78
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$112.03
- Costs to cover
- 0.718%
- Break-even
- never at this rate
Slippage from Gate: live order book, 47 min ago; MEXC: 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 Gate live order book, 47 min ago | 6.65 bp | 35.4 bp −$35 | 110.1 bp −$1,101 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.22 bp | 4.2 bp −$4 | 25.2 bp −$252 | 167.1 bp −$16.7K | 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 | 0.02256 | +0.076% | $94K | $18K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02254 | 0.000% | $4.1M | $8.4M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02255 | +0.044% | $1.9M | $5.3M | 20x | as long as short |
| MEXC BICO_USDTshort | +0.0100% | 8h | 0.02253 | −0.044% | $1.8M | $1.0M | 50x | |
| KuCoin BICOUSDTM | +0.0100% | 8h | 0.02263 | +0.399% | $1.1M | $1.2M | 20x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02253 | −0.044% | $650K | $456K | 10x | as long as short |
| BingX BICO-USDT | +0.0100% | 8h | 0.02261 | +0.311% | — | $1.7M | — | as long as short |
| Variational Omni BICO | +0.0100% | 8h | 0.02252 | −0.107% | $16K | $5K | — | as long as short |
| Bybit BICOUSDT | +0.0113% | 8h | 0.02256 | +0.089% | $2.4M | $3.7M | 20x | as long as short |
| Gate BICO_USDTlong | +0.0293% | 8h | 0.02254 | long leg | $403K | $306K | 20x |
Aster BICOUSDT
Binance BICOUSDT
OKX BICO-USDT-SWAP
KuCoin BICOUSDTM
Bitget BICOUSDT
BingX BICO-USDT
Variational Omni BICO
Bybit BICOUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.4145% | 1h | 0.02257 | +0.112% | $41K | $48K | 20x | as long as short |
Kraken Futures PF_BICOUSD