Funding you earn now, next payment 04:00 UTC−0.0306%/8h= −33.5% APRpaid last 24h −0.029%
Price spread now: OKX against Gate−0.133%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs−$130as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1121.119% of the position
Funding, last 7 days−0.179%−$18 on $10k
+Price spread, last 4 days (all we have)−0.113%−$11 · spread now −0.133%, 7d avg −0.072%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and OKX is 0.061% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.072%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.179% in total (about -9.3% a year). A funding rate is set anew for every payment. 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 | 0.02264 | 0.0406 | pay 0.0406% / 8h | 5h 15m | $382K | $339K | 20x |
| Short | OKX BICO-USDT-SWAP | 0.02261 | 0.0100 | get 0.0050% / 4h | 1h 15m | $1.9M | $5.2M | 20x |
Gate BICO_USDT
OKX BICO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$64.26
- Price spread: −0.133% → −0.072%
- −$6.07
- Slippage, 4 orders
- −$86.9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$182.23
- Costs to cover
- 1.119%
- Break-even
- never at this rate
Slippage from Gate: live order book, 45 min ago; OKX: 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, 45 min ago | 8.80 bp | 25.7 bp −$26 | 111.2 bp −$1,112 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.21 bp | 28.4 bp −$28 | 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 | 0.02263 | −0.027% | $94K | $20K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02260 | −0.177% | $4.1M | $8.4M | 20x | as long as short |
| OKX BICO-USDT-SWAPshort | +0.0100% | 4h | 0.02261 | −0.133% | $1.9M | $5.2M | 20x | |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02260 | −0.177% | $1.7M | $1.1M | 50x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02261 | −0.133% | $642K | $497K | 10x | as long as short |
| Variational Omni BICO | +0.0318% | 8h | 0.02267 | +0.122% | $14K | $8K | — | as long as short |
| BingX BICO-USDT | +0.0390% | 8h | 0.02262 | −0.088% | — | $1.7M | — | as long as short |
| Bybit BICOUSDT | +0.0405% | 8h | 0.02261 | −0.124% | $2.4M | $3.8M | 20x | as long as short |
| Gate BICO_USDTlong | +0.0406% | 8h | 0.02264 | long leg | $382K | $339K | 20x | |
| KuCoin BICOUSDTM | +0.0414% | 8h | 0.02266 | +0.088% | $1.1M | $1.3M | 20x | as long as short |
Aster BICOUSDT
Binance BICOUSDT
MEXC BICO_USDT
Bitget BICOUSDT
Variational Omni BICO
BingX BICO-USDT
Bybit BICOUSDT
KuCoin BICOUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.7111% | 1h | 0.02275 | +0.505% | $37K | $56K | 20x | as long as short |
Kraken Futures PF_BICOUSD