Funding you earn now, next payment 08:00 UTC+0.0440%/8h= +48.2% APRnext payment +$4.40 per $10,000 · paid last 24h +0.029%
Price spread now: Gate against Binance−0.088%7-day average +0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1081.077% of the position
Funding, last 7 days+0.038%+$4 on $10k
+Price spread, last 4 days (all we have)+0.148%+$15 · spread now −0.088%, 7d avg +0.041%
=Funding pays, the price is against you. Gate is 0.129% cheaper against Binance than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of +0.041%). If the spread goes back, that is −$13 on $10k: about 23 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.038% in total) that is about 24 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.038% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.40 per $10,000. 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 | Binance BICOUSDT | 0.02276 | 0.0100 | pay 0.0100% / 8h | 7h 08m | $4.1M | $8.5M | 20x |
| Short | Gate BICO_USDT | 0.02274 | 0.0540 | get 0.0540% / 8h | 7h 08m | $406K | $303K | 20x |
Binance BICOUSDT
Gate BICO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- $92.4
- Price spread: −0.088% → +0.041%
- −$12.88
- Slippage, 4 orders
- −$82.7
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$28.18
- Costs to cover
- 1.077%
- Break-even
- 9.1 days
Slippage from Binance: live order book, just now; Gate: live order book, 62 min ago.
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 Binance live order book, just now | 2.20 bp | 14.4 bp −$14 | 123.1 bp −$1,231 | doesn't fit | doesn't fit |
| Sell Gate live order book, 62 min ago | 15.52 bp | 36.3 bp −$36 | 742.8 bp −$7,428 | doesn't fit | doesn't fit |
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 | 0.02272 | −0.154% | $95K | $19K | 5x | as long as short |
| Binance BICOUSDTlong | +0.0100% | 8h | 0.02276 | long leg | $4.1M | $8.5M | 20x | |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02274 | −0.088% | $1.9M | $5.2M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02277 | +0.044% | $1.8M | $1.1M | 50x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02275 | −0.044% | $649K | $474K | 10x | as long as short |
| KuCoin BICOUSDTM | +0.0187% | 8h | 0.02282 | +0.264% | $1.1M | $1.3M | 20x | as long as short |
| Variational Omni BICO | +0.0194% | 8h | 0.02277 | +0.047% | $17K | $5K | — | as long as short |
| Gate BICO_USDTshort | +0.0540% | 8h | 0.02274 | −0.088% | $406K | $303K | 20x | |
| BingX BICO-USDT | +0.0563% | 8h | 0.02273 | −0.132% | — | $1.7M | — | as long as short |
| Bybit BICOUSDT | +0.0694% | 8h | 0.02278 | +0.075% | $2.5M | $3.7M | 20x | as long as short |
Aster BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
Bitget BICOUSDT
KuCoin BICOUSDTM
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_BICOUSD | +0.3459% | 1h | 0.02289 | +0.555% | $39K | $52K | 20x | as long as short |
Kraken Futures PF_BICOUSD