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Funding arb · Price arb /

BICO

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Alert: funding
Measured
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Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 00:00 UTC−0.4044%/8h= −442.8% APRpaid last 24h −0.671%
Price spread now: KuCoin against Kraken Futures+0.074%52s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort on KuCoin
What this pair did over the last
the charts below follow
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
The price spread pays, funding is against you. KuCoin is 0.074% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.074% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$121 a day in funding at the current rate, which eats that in about 1 hour. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_BICOUSD0.022570.4144pay 0.0518% / 1h13m 27s$41K$48K20x
ShortKuCoin BICOUSDTM0.022590.0100get 0.0100% / 8h13m 27s$1.1M$1.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$849.14
Price spread: +0.074% → 0.000%
$7.43
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$863.71
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures no order-book sample—————
Sell KuCoin live order book, 2 min ago4.43 bp318.1 bp −$318doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BICOUSDT+0.0100%8h0.02252−0.218%$94K$18K5xas long as short
Binance BICOUSDT+0.0100%8h0.02251−0.269%$4.1M$8.4M20xas long as short
OKX BICO-USDT-SWAP+0.0100%4h0.02251−0.280%$1.8M$5.2M20xas long as short
MEXC BICO_USDT+0.0100%8h0.02250−0.324%$1.8M$1.0M50xas long as short
KuCoin BICOUSDTMshort+0.0100%8h0.02259+0.074%$1.1M$1.3M20x
Bitget BICOUSDT+0.0100%8h0.02251−0.280%$645K$454K10xas long as short
Variational Omni BICO+0.0100%8h0.02255−0.084%$16K$5K—as long as short
BingX BICO-USDT+0.0145%8h0.02251−0.280%—$1.7M—as long as short
Bybit BICOUSDT+0.0171%8h0.02253−0.187%$2.4M$3.7M20xas long as short
Gate BICO_USDT+0.0322%8h0.02252−0.236%$403K$306K20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BICOUSDlong+0.4144%1h0.02257long leg$41K$48K20x