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Funding arb · Price arb /

BICO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0766%/8h= +83.9% APRpaid last 24h +0.029%
Price spread now: Gate against OKX0.000%7-day average +0.073% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1141.138% of the position
Long on OKXShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+0.179%+$18 on $10k
Price spread, last 4 days (all we have)+0.098%+$10 · spread now 0.000%, 7d avg +0.073%
Together, before fees+0.276%+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.073% cheaper against OKX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.073%). If the spread goes back, that is −$7 on $10k: about 8 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.179% in total) that is about 2.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.179% in total (about 9.3% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BICO-USDT-SWAP0.022670.0100pay 0.0050% / 4h1h 56m$1.9M$5.2M20x
ShortGate BICO_USDT0.022670.0866get 0.0866% / 8h5h 56m$383K$337K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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
$160.86
Price spread: 0.000% → +0.073%
−$7.27
Slippage, 4 orders
−$88.79
Fee OKX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$39.8
Costs to cover
1.138%
Break-even
5.3 days
Slippage from OKX: live order book, 1 min ago; Gate: live order book, 4 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 OKX live order book, 1 min ago2.21 bp26.6 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 4 min ago8.80 bp36.1 bp −$36120.7 bp −$1,207doesn'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%8h0.02265−0.068%$94K$20K5xas long as short
Binance BICOUSDT+0.0100%8h0.02266−0.065%$4.1M$8.5M20xas long as short
OKX BICO-USDT-SWAPlong+0.0100%4h0.02267long leg$1.9M$5.2M20x
MEXC BICO_USDT+0.0100%8h0.02265−0.088%$1.7M$1.0M50xas long as short
Bitget BICOUSDT+0.0100%8h0.02265−0.088%$647K$494K10xas long as short
Variational Omni BICO+0.0359%8h0.02272+0.203%$14K$8K—as long as short
KuCoin BICOUSDTM+0.0425%8h0.02268+0.044%$1.1M$1.3M20xas long as short
BingX BICO-USDT+0.0720%8h0.02266−0.044%—$1.7M—as long as short
Bybit BICOUSDT+0.0737%8h0.02266−0.049%$2.4M$3.7M20xas long as short
Gate BICO_USDTshort+0.0866%8h0.022670.000%$383K$337K20x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BICOUSD+0.7091%1h0.02282+0.657%$39K$52K20xas long as short