Funding you earn now, next payment 05:00 UTC−0.3808%/8h= −417.0% APRpaid last 24h −1.045%
Price spread now: BingX against Kraken Futures+0.049%53s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−2.527%−$253 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. BingX is 0.049% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$114 a day in funding at the current rate, which eats that in about 1 hour. At the pace of the last 7 days (−2.527% in total) that is about 3 hours. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -2.527% in total (about -131.8% 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 | Kraken Futures PF_BICOUSD | 0.02243 | 0.3909 | pay 0.0489% / 1h | 46m 20s | $37K | $57K | 20x |
| Short | BingX BICO-USDT | 0.02244 | 0.0101 | get 0.0101% / 8h | 3h 46m | — | $1.7M | — |
Kraken Futures PF_BICOUSD
BingX BICO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- −$799.68
- Price spread: +0.049% → 0.000%
- $4.91
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$814.77
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 11 min ago. Net counts fees only.
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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 11 min ago | 4.44 bp | 15.6 bp −$16 | 42.9 bp −$429 | 580.8 bp −$58.1K | 1130.2 bp −$565.1K |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.02242 | −0.030% | $92K | $22K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02246 | +0.148% | $4.0M | $8.4M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02248 | +0.227% | $1.8M | $5.1M | 20x | as long as short |
| Gate BICO_USDT | +0.0100% | 8h | 0.02242 | −0.040% | $370K | $334K | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02245 | +0.094% | $1.8M | $1.1M | 50x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02245 | +0.094% | $653K | $522K | 10x | as long as short |
| Bybit BICOUSDT | +0.0101% | 8h | 0.02245 | +0.107% | $2.3M | $3.8M | 20x | as long as short |
| BingX BICO-USDTshort | +0.0101% | 8h | 0.02244 | +0.049% | — | $1.7M | — | |
| Variational Omni BICO | +0.0152% | 8h | 0.02248 | +0.214% | $14K | $8K | — | as long as short |
| KuCoin BICOUSDTM | +0.0338% | 8h | 0.02248 | +0.227% | $1.1M | $1.4M | 20x | as long as short |
Aster BICOUSDT
Binance BICOUSDT
OKX BICO-USDT-SWAP
Gate BICO_USDT
MEXC BICO_USDT
Bitget BICOUSDT
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_BICOUSDlong | +0.3909% | 1h | 0.02243 | long leg | $37K | $57K | 20x |