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Funding arb · Price arb /

BICO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0234%/8h= +25.6% APRnext payment +$2.34 per $10,000 · paid last 24h +0.029%
Price spread now: Gate against KuCoin+0.088%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,019as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,007as in the Price arb table
costs, in and out, $10k−$1,02210.216% of the position
Long on KuCoinShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+0.029%+$3 on $10k
Price spread, last 4 days (all we have)−0.214%−$21 · spread now +0.088%, 7d avg −0.062%
Together, before fees−0.185%−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Gate is 0.151% dearer against KuCoin than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.062%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BICOUSDTM0.022620.0100pay 0.0100% / 8h7h 38m$1.1M$1.3M20x
ShortGate BICO_USDT0.022640.0334get 0.0334% / 8h7h 38m$405K$300K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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
$49.14
Price spread: +0.088% → −0.062%
$15.07
Slippage, 4 orders
−$994.59
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$957.38
Costs to cover
10.216%
Break-even
143.4 days
Slippage from KuCoin: live order book, 6 min ago; Gate: live order book, 31 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 6 min ago6.61 bp456.9 bp −$457doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 31 min ago15.52 bp36.3 bp −$36742.8 bp −$7,428doesn't fitdoesn't fit

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%8h0.02261−0.032%$94K$19K5xas long as short
Binance BICOUSDT+0.0100%8h0.02258−0.166%$4.1M$8.4M20xas long as short
OKX BICO-USDT-SWAP+0.0100%4h0.02258−0.177%$1.9M$5.2M20xas long as short
MEXC BICO_USDT+0.0100%8h0.02258−0.177%$1.8M$1.0M50xas long as short
KuCoin BICOUSDTMlong+0.0100%8h0.02262long leg$1.1M$1.3M20x
Bitget BICOUSDT+0.0100%8h0.02259−0.133%$644K$464K10xas long as short
BingX BICO-USDT+0.0115%8h0.02261−0.044%—$1.7M—as long as short
Variational Omni BICO+0.0122%8h0.02270+0.336%$16K$5K—as long as short
Bybit BICOUSDT+0.0196%8h0.02262−0.013%$2.5M$3.7M20xas long as short
Gate BICO_USDTshort+0.0334%8h0.02264+0.088%$405K$300K20x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BICOUSD+0.3494%1h0.02266+0.169%$39K$52K20xas long as short