Funding you earn now, next payment 00:00 UTC−0.3826%/8h= −418.9% APRpaid last 24h −0.671%
Price spread now: Gate against Kraken Futures−0.248%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$115 a day on $10k at the current rate, and Gate is 0.248% cheaper against Kraken Futures than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_BICOUSD | 0.02258 | 0.4143 | pay 0.0518% / 1h | 18m 47s | $41K | $48K | 20x |
| Short | Gate BICO_USDT | 0.02252 | 0.0317 | get 0.0317% / 8h | 18m 47s | $403K | $306K | 20x |
Kraken Futures PF_BICOUSD
Gate BICO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$803.46
- Price spread: −0.248% → 0.000%
- −$24.81
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$853.27
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 57 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 Gate live order book, 57 min ago | 6.65 bp | 27.0 bp −$27 | 133.5 bp −$1,335 | doesn't fit | doesn't fit |
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 | 0.02254 | −0.154% | $94K | $18K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02252 | −0.229% | $4.1M | $8.4M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02253 | −0.204% | $1.9M | $5.2M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02253 | −0.204% | $1.8M | $1.0M | 50x | as long as short |
| KuCoin BICOUSDTM | +0.0100% | 8h | 0.02262 | +0.195% | $1.1M | $1.3M | 20x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02252 | −0.248% | $646K | $454K | 10x | as long as short |
| Variational Omni BICO | +0.0100% | 8h | 0.02255 | −0.095% | $16K | $5K | — | as long as short |
| BingX BICO-USDT | +0.0118% | 8h | 0.02255 | −0.115% | — | $1.7M | — | as long as short |
| Bybit BICOUSDT | +0.0145% | 8h | 0.02255 | −0.106% | $2.4M | $3.7M | 20x | as long as short |
| Gate BICO_USDTshort | +0.0317% | 8h | 0.02252 | −0.248% | $403K | $306K | 20x |
Aster BICOUSDT
Binance BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
KuCoin BICOUSDTM
Bitget BICOUSDT
Variational Omni BICO
BingX BICO-USDT
Bybit BICOUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSDlong | +0.4143% | 1h | 0.02258 | long leg | $41K | $48K | 20x |