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

BICO

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.4045%/8h= +443.0% APRpaid last 24h +0.674%
Price spread now: Kraken Futures against OKX+0.151%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$121 a day on $10k at the current rate, and Kraken Futures is 0.151% dearer against OKX than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BICO-USDT-SWAP0.022530.0100pay 0.0050% / 4h38m 00s$1.8M$5.3M20x
ShortKraken Futures PF_BICOUSD0.022560.4145get 0.0518% / 1h38m 00s$41K$48K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
$849.5
Price spread: +0.151% → 0.000%
$15.06
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$844.56
Costs to cover
0.200%
Break-even
0.0 days
Slippage unknown: OKX: live order book, 5 min ago; Kraken Futures: no order-book sample. 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 OKX live order book, 5 min ago2.22 bp27.5 bp −$28doesn't fitdoesn't fitdoesn't fit
Sell Kraken Futures no order-book sample
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%8h0.02251−0.099%$94K$18K5xas long as short
Binance BICOUSDT+0.0100%8h0.02252−0.044%$4.1M$8.4M20xas long as short
OKX BICO-USDT-SWAPlong+0.0100%4h0.02253long leg$1.8M$5.3M20x
MEXC BICO_USDT+0.0100%8h0.02251−0.089%$1.8M$1.0M50xas long as short
KuCoin BICOUSDTM+0.0100%8h0.02259+0.266%$1.0M$1.2M20xas long as short
Bitget BICOUSDT+0.0100%8h0.022530.000%$650K$456K10xas long as short
Variational Omni BICO+0.0100%8h0.02255+0.085%$16K$5Kas long as short
Bybit BICOUSDT+0.0106%8h0.02253+0.022%$2.4M$3.6M20xas long as short
BingX BICO-USDT+0.0111%8h0.02260+0.311%$1.7Mas long as short
Gate BICO_USDT+0.0292%8h0.022530.000%$403K$306K20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BICOUSDshort+0.4145%1h0.02256+0.151%$41K$48K20x