Funding you earn now, next payment 09:00 UTC−0.6056%/8h= −663.2% APRpaid last 24h −1.160%
Price spread now: MEXC against Kraken Futures−1.038%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.638%−$264 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$182 a day on $10k at the current rate, and MEXC is 1.038% cheaper against Kraken Futures than usual: you would sell low and buy high (−$104 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -2.638% in total (about -137.6% 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 | Kraken Futures PF_BICOUSD | 0.02259 | 0.6156 | pay 0.0770% / 1h | 46m 10s | $39K | $66K | 20x |
| Short | MEXC BICO_USDT | 0.02236 | 0.0100 | get 0.0100% / 8h | 7h 46m | $1.8M | $986K | 50x |
Kraken Futures PF_BICOUSD
MEXC BICO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Kraken Futures. 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
- −$1,271.86
- Price spread: −1.038% → 0.000%
- −$103.78
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$1,385.64
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; MEXC: live order book, 5 min ago. Net counts fees only.
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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 5 min ago | 2.24 bp | 2.2 bp −$2 | 18.9 bp −$189 | 160.9 bp −$16.1K | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.02235 | −1.097% | $94K | $23K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02238 | −0.957% | $4.0M | $8.5M | 20x | as long as short |
| Bybit BICOUSDT | +0.0100% | 8h | 0.02237 | −0.989% | $2.1M | $4.0M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02238 | −0.949% | $1.8M | $5.2M | 20x | as long as short |
| MEXC BICO_USDTshort | +0.0100% | 8h | 0.02236 | −1.038% | $1.8M | $986K | 50x | |
| KuCoin BICOUSDTM | +0.0100% | 8h | 0.02238 | −0.949% | $980K | $1.5M | 20x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02237 | −0.994% | $652K | $518K | 10x | as long as short |
| BingX BICO-USDT | +0.0100% | 8h | 0.02239 | −0.905% | — | $1.7M | — | as long as short |
| Variational Omni BICO | +0.0100% | 8h | 0.02232 | −1.231% | $13K | $13K | — | as long as short |
| Gate BICO_USDT | +0.0101% | 8h | 0.02237 | −0.994% | $364K | $307K | 20x | as long as short |
Aster BICOUSDT
Binance BICOUSDT
Bybit BICOUSDT
OKX BICO-USDT-SWAP
KuCoin BICOUSDTM
Bitget BICOUSDT
BingX BICO-USDT
Variational Omni BICO
Gate BICO_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSDlong | +0.6156% | 1h | 0.02259 | long leg | $39K | $66K | 20x |