Settings8H · net · $10k
Funding arb · Price arb /

BICO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: OKX against KuCoin+0.045%7-day average −0.141% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,027as in the Funding arb table
Net, price: spread back to 7d avg − costs−$994as in the Price arb table
costs, in and out, $10k−$1,01210.122% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.150%−$15 on $10k
Price spread, last 7 days−0.221%−$22 · spread now +0.045%, 7d avg −0.141%
Together, before fees−0.371%−$37 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.186% dearer against KuCoin than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.141%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BICOUSDTM0.022320.0100pay 0.0100% / 8h7h 38m$977K$1.5M20x
ShortOKX BICO-USDT-SWAP0.022330.0100get 0.0050% / 4h3h 38m$1.8M$5.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$0
Price spread: +0.045% → −0.141%
$18.57
Slippage, 4 orders
−$990.15
Fee KuCoin: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$993.58
Costs to cover
10.122%
Break-even
never at this rate
Slippage from KuCoin: live order book, 7 min ago; OKX: live order book, 4 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, 7 min ago4.47 bp612.7 bp −$613doesn't fitdoesn't fitdoesn't fit
Sell OKX live order book, 4 min ago2.24 bp20.0 bp −$20187.5 bp −$1,875doesn'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%8h0.02232−0.007%$94K$23K5xas long as short
Binance BICOUSDT+0.0100%8h0.02232−0.007%$3.9M$8.5M20xas long as short
Bybit BICOUSDT+0.0100%8h0.02232−0.009%$2.1M$4.0M20xas long as short
OKX BICO-USDT-SWAPshort+0.0100%4h0.02233+0.045%$1.8M$5.2M20x
Gate BICO_USDT+0.0100%8h0.022320.000%$363K$308K20xas long as short
MEXC BICO_USDT+0.0100%8h0.02231−0.045%$1.9M$992K50xas long as short
KuCoin BICOUSDTMlong+0.0100%8h0.02232long leg$977K$1.5M20x
Bitget BICOUSDT+0.0100%8h0.02231−0.045%$649K$518K10xas long as short
BingX BICO-USDT+0.0100%8h0.02233+0.045%$1.7Mas long as short
Variational Omni BICO+0.0100%8h0.02230−0.088%$13K$13Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BICOUSD+0.6195%1h0.02245+0.603%$38K$66K20xas long as short