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

BICO

all BICO markets
SwapBacktest
Alert: funding
Measured
My alerts

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.

Alert: spread
My alerts

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 00:00 UTC+0.0190%/8h= +20.8% APRnext payment +$1.90 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against MEXC−0.044%7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$720.718% of the position
Long on MEXCShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.044%, 7d avg +0.047%
Together, before fees+0.090%+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.091% cheaper against MEXC than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.047%). If the spread goes back, that is −$9 on $10k: about 39 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.009% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.009% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.90 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
LongMEXC BICO_USDT0.022540.0100pay 0.0100% / 8h29m 03s$1.8M$1.0M50x
ShortGate BICO_USDT0.022530.0290get 0.0290% / 8h29m 03s$403K$306K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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
$39.9
Price spread: −0.044% → +0.047%
−$9.15
Slippage, 4 orders
−$56.78
Fee MEXC: 0 bp × 2 orders
$0
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$41.03
Costs to cover
0.718%
Break-even
14.2 days
Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 46 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 MEXC live order book, 3 min ago2.22 bp5.1 bp −$522.5 bp −$225161.3 bp −$16.1Kdoesn't fit
Sell Gate live order book, 46 min ago6.65 bp27.0 bp −$27133.5 bp −$1,335doesn'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%8h0.02254+0.022%$94K$18K5xas long as short
Binance BICOUSDT+0.0100%8h0.022540.000%$4.1M$8.4M20xas long as short
OKX BICO-USDT-SWAP+0.0100%4h0.02256+0.089%$1.9M$5.3M20xas long as short
MEXC BICO_USDTlong+0.0100%8h0.02254long leg$1.8M$1.0M50x
KuCoin BICOUSDTM+0.0100%8h0.02263+0.399%$1.1M$1.2M20xas long as short
Bitget BICOUSDT+0.0100%8h0.02253−0.044%$650K$456K10xas long as short
BingX BICO-USDT+0.0100%8h0.02260+0.266%—$1.7M—as long as short
Variational Omni BICO+0.0100%8h0.02252−0.107%$16K$5K—as long as short
Bybit BICOUSDT+0.0110%8h0.02257+0.115%$2.4M$3.6M20xas long as short
Gate BICO_USDTshort+0.0290%8h0.02253−0.044%$403K$306K20x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BICOUSD+0.4145%1h0.02257+0.112%$41K$48K20xas long as short