Funding you earn now, next payment 04:00 UTC+0.0746%/8h= +81.7% APRpaid last 24h +0.010%
Price spread now: BingX against OKX−0.044%7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$910.910% of the position
Funding, last 7 days+0.148%+$15 on $10k
+Price spread, last 7 days+0.088%+$9 · spread now −0.044%, 7d avg +0.057%
=Funding pays, the price is against you. BingX is 0.101% cheaper against OKX than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.057%). If the spread goes back, that is −$10 on $10k: about 11 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.148% in total) that is about 4.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.148% in total (about 7.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX BICO-USDT-SWAP | 0.02261 | 0.0100 | pay 0.0050% / 4h | 2h 29m | $1.9M | $5.2M | 20x |
| Short | BingX BICO-USDT | 0.02260 | 0.0846 | get 0.0846% / 8h | 6h 29m | — | $1.7M | — |
OKX BICO-USDT-SWAP
BingX BICO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $156.66
- Price spread: −0.044% → +0.057%
- −$10.09
- Slippage, 4 orders
- −$71.04
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $55.53
- Costs to cover
- 0.910%
- Break-even
- 4.5 days
Slippage from OKX: live order book, 3 min ago; BingX: live order book, 8 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy OKX live order book, 3 min ago | 2.21 bp | 32.0 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 6.65 bp | 20.3 bp −$20 | 48.5 bp −$485 | 613.6 bp −$61.4K | 1191.2 bp −$595.6K |
BICO on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BICOUSDT | +0.0100% | 8h | 0.02255 | −0.261% | $94K | $19K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02260 | −0.044% | $4.1M | $8.5M | 20x | as long as short |
| OKX BICO-USDT-SWAPlong | +0.0100% | 4h | 0.02261 | long leg | $1.9M | $5.2M | 20x | |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02261 | 0.000% | $1.8M | $1.0M | 50x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02263 | +0.088% | $648K | $486K | 10x | as long as short |
| KuCoin BICOUSDTM | +0.0305% | 8h | 0.02266 | +0.221% | $1.1M | $1.3M | 20x | as long as short |
| Variational Omni BICO | +0.0320% | 8h | 0.02262 | +0.064% | $14K | $8K | — | as long as short |
| BingX BICO-USDTshort | +0.0846% | 8h | 0.02260 | −0.044% | — | $1.7M | — | |
| Bybit BICOUSDT | +0.0927% | 8h | 0.02261 | −0.009% | $2.4M | $3.8M | 20x | as long as short |
| Gate BICO_USDT | +0.1100% | 8h | 0.02264 | +0.133% | $407K | $311K | 20x | as long as short |
Aster BICOUSDT
Binance BICOUSDT
MEXC BICO_USDT
Bitget BICOUSDT
KuCoin BICOUSDTM
Variational Omni BICO
Bybit BICOUSDT
Gate BICO_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.6369% | 1h | 0.02274 | +0.557% | $39K | $52K | 20x | as long as short |
Kraken Futures PF_BICOUSD