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 MEXC+0.045%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$460.457% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.140%−$14 on $10k
Price spread, last 7 days−0.107%−$11 · spread now +0.045%, 7d avg −0.020%
Together, before fees−0.247%−$25 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 0.064% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.020%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC BICO_USDT0.022320.0100pay 0.0100% / 8h7h 50m$1.8M$985K50x
ShortOKX BICO-USDT-SWAP0.022330.0100get 0.0050% / 4h3h 50m$1.8M$5.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$0
Price spread: +0.045% → −0.020%
$6.44
Slippage, 4 orders
−$35.67
Fee MEXC: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
−$39.23
Costs to cover
0.457%
Break-even
never at this rate
Slippage from MEXC: live order book, 1 min ago; OKX: live order book, 2 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, 1 min ago2.24 bp5.0 bp −$530.5 bp −$305162.4 bp −$16.2Kdoesn't fit
Sell OKX live order book, 2 min ago2.24 bp18.0 bp −$18189.4 bp −$1,894doesn'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%8h0.02232−0.004%$94K$23K5xas long as short
Binance BICOUSDT+0.0100%8h0.02233+0.067%$3.9M$8.5M20xas long as short
Bybit BICOUSDT+0.0100%8h0.02233+0.027%$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%$362K$307K20xas long as short
MEXC BICO_USDTlong+0.0100%8h0.02232long leg$1.8M$985K50x
KuCoin BICOUSDTM+0.0100%8h0.02234+0.090%$978K$1.5M20xas long as short
Bitget BICOUSDT+0.0100%8h0.02233+0.045%$650K$518K10xas long as short
BingX BICO-USDT+0.0100%8h0.022320.000%$1.7Mas long as short
Variational Omni BICO+0.0100%8h0.02232−0.016%$13K$13Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BICOUSD+0.6178%1h0.02251+0.871%$39K$66K20xas long as short