Funding you earn now, next payment 08:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.87 per $10,000 · paid last 24h −0.010%
Price spread now: Binance against BingX−0.081%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$860.857% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 7 days+0.002%$0 · spread now −0.081%, 7d avg −0.027%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.054% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.027%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX BICO-USDT | 0.02235 | 0.0187 | pay 0.0187% / 8h | 4h 41m | — | $1.7M | — |
| Short | Binance BICOUSDT | 0.02233 | 0.0100 | get 0.0100% / 8h | 4h 41m | $4.0M | $8.5M | 20x |
BingX BICO-USDT
Binance BICOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BingX. 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
- −$18.27
- Price spread: −0.081% → −0.027%
- −$5.36
- Slippage, 4 orders
- −$65.71
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$109.35
- Costs to cover
- 0.857%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Binance: live order book, 12 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 BingX live order book, 6 min ago | 6.71 bp | 22.7 bp −$23 | 55.7 bp −$557 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 2.23 bp | 17.0 bp −$17 | 92.7 bp −$927 | doesn't fit | doesn't fit |
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 | 0.02234 | −0.036% | $92K | $22K | 5x | as long as short |
| Binance BICOUSDTshort | +0.0100% | 8h | 0.02233 | −0.081% | $4.0M | $8.5M | 20x | |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02235 | 0.000% | $1.8M | $5.1M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02234 | −0.045% | $1.8M | $1.1M | 50x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02235 | 0.000% | $645K | $520K | 10x | as long as short |
| Gate BICO_USDT | +0.0158% | 8h | 0.02236 | +0.045% | $374K | $323K | 20x | as long as short |
| BingX BICO-USDTlong | +0.0187% | 8h | 0.02235 | long leg | — | $1.7M | — | |
| Bybit BICOUSDT | +0.0189% | 8h | 0.02235 | +0.013% | $2.4M | $3.8M | 20x | as long as short |
| Variational Omni BICO | +0.0242% | 8h | 0.02235 | +0.006% | $13K | $8K | — | as long as short |
| KuCoin BICOUSDTM | +0.0364% | 8h | 0.02238 | +0.134% | $1.1M | $1.3M | 20x | as long as short |
Aster BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
Bitget BICOUSDT
Gate BICO_USDT
Bybit BICOUSDT
Variational Omni BICO
KuCoin BICOUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.6564% | 1h | 0.02256 | +0.959% | $37K | $56K | 20x | as long as short |
Kraken Futures PF_BICOUSD