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Funding arb · Price arb /

BICO

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 06:00 UTC−0.3074%/8h= −336.6% APRpaid last 24h −1.096%
Price spread now: OKX against Kraken Futures+0.105%45s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on OKX
What this pair did over the last
the charts below follow
Funding, last 7 days−2.714%−$271 on $10k
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
The price spread pays, funding is against you. OKX is 0.105% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.105% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$92 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−2.714% in total) that is about 7 hours. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_BICOUSD0.022290.3174pay 0.0397% / 1h12m 34s$36K$63K20x
ShortOKX BICO-USDT-SWAP0.022310.0100get 0.0050% / 4h2h 12m$1.8M$5.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$645.63
Price spread: +0.105% → 0.000%
$10.51
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$655.11
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Kraken Futures: no order-book sample; OKX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample—————
Sell OKX live order book, 5 min ago2.25 bp18.8 bp −$19353.6 bp −$3,536doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BICOUSDT+0.0100%8h0.02227−0.059%$93K$24K5xas long as short
Binance BICOUSDT+0.0100%8h0.02229+0.027%$4.0M$8.5M20xas long as short
OKX BICO-USDT-SWAPshort+0.0100%4h0.02231+0.105%$1.8M$5.2M20x
Gate BICO_USDT+0.0100%8h0.02226−0.119%$363K$340K20xas long as short
MEXC BICO_USDT+0.0100%8h0.02229+0.015%$1.8M$1.1M50xas long as short
KuCoin BICOUSDTM+0.0100%8h0.02231+0.105%$983K$1.5M20xas long as short
Bitget BICOUSDT+0.0100%8h0.02230+0.060%$649K$544K10xas long as short
Variational Omni BICO+0.0100%8h0.02224−0.225%$13K$13K—as long as short
Bybit BICOUSDT+0.0101%8h0.02230+0.069%$2.2M$4.0M20xas long as short
BingX BICO-USDT+0.0101%8h0.02229+0.015%—$1.7M—as long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BICOUSDlong+0.3174%1h0.02229long leg$36K$63K20x