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

BICO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: OKX against Bitget+0.088%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$1061.058% 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 4 days (all we have)−0.210%−$21 · spread now +0.088%, 7d avg −0.045%
Together, before fees−0.360%−$36 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 0.134% dearer against Bitget than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BICOUSDT0.022650.0100pay 0.0100% / 8h5h 56m$647K$494K10x
ShortOKX BICO-USDT-SWAP0.022670.0100get 0.0050% / 4h1h 56m$1.9M$5.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Bitget. 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: +0.088% → −0.045%
$13.36
Slippage, 4 orders
−$83.83
Fee Bitget: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$92.47
Costs to cover
1.058%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; OKX: live order book, 1 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 Bitget live order book, 3 min ago6.61 bp27.4 bp −$27128.5 bp −$1,285doesn't fitdoesn't fit
Sell OKX live order book, 1 min ago2.21 bp25.5 bp −$25doesn't fitdoesn'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%8h0.02265+0.020%$94K$20K5xas long as short
Binance BICOUSDT+0.0100%8h0.02266+0.023%$4.1M$8.5M20xas long as short
OKX BICO-USDT-SWAPshort+0.0100%4h0.02267+0.088%$1.9M$5.2M20x
MEXC BICO_USDT+0.0100%8h0.022650.000%$1.7M$1.0M50xas long as short
Bitget BICOUSDTlong+0.0100%8h0.02265long leg$647K$494K10x
Variational Omni BICO+0.0359%8h0.02272+0.291%$14K$8Kas long as short
KuCoin BICOUSDTM+0.0425%8h0.02268+0.132%$1.1M$1.3M20xas long as short
BingX BICO-USDT+0.0720%8h0.02266+0.044%$1.7Mas long as short
Bybit BICOUSDT+0.0737%8h0.02266+0.040%$2.4M$3.7M20xas long as short
Gate BICO_USDT+0.0866%8h0.02267+0.088%$383K$337K20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BICOUSD+0.7091%1h0.02282+0.746%$39K$52K20xas long as short