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

BICO

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bitget+0.075%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$1031.025% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.009%−$1 on $10k
Price spread, last 4 days (all we have)−0.211%−$21 · spread now +0.075%, 7d avg −0.012%
Together, before fees−0.220%−$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.087% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BICOUSDT0.022480.0100pay 0.0100% / 8h3h 55m$650K$519K10x
ShortBinance BICOUSDT0.022500.0100get 0.0100% / 8h3h 55m$4.0M$8.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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
$0
Price spread: +0.075% → −0.012%
$8.74
Slippage, 4 orders
−$80.55
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$93.81
Costs to cover
1.025%
Break-even
never at this rate
Slippage from Bitget: live order book, 60 min ago; Binance: live order book, 14 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 Bitget live order book, 60 min ago6.69 bp39.5 bp −$39174.6 bp −$1,746doesn't fitdoesn't fit
Sell Binance live order book, 14 min ago2.22 bp18.0 bp −$18101.7 bp −$1,017doesn'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%8h0.02248−0.017%$93K$22K5xas long as short
Binance BICOUSDTshort+0.0100%8h0.02250+0.075%$4.0M$8.4M20x
OKX BICO-USDT-SWAP+0.0100%4h0.02253+0.222%$1.8M$5.1M20xas long as short
Gate BICO_USDT+0.0100%8h0.022480.000%$374K$322K20xas long as short
MEXC BICO_USDT+0.0100%8h0.02249+0.044%$1.8M$1.1M50xas long as short
Bitget BICOUSDTlong+0.0100%8h0.02248long leg$650K$519K10x
Bybit BICOUSDT+0.0101%8h0.02250+0.067%$2.3M$3.8M20xas long as short
BingX BICO-USDT+0.0101%8h0.02250+0.089%$1.7Mas long as short
Variational Omni BICO+0.0163%8h0.02247−0.035%$14K$8Kas long as short
KuCoin BICOUSDTM+0.0346%8h0.02252+0.178%$1.1M$1.4M20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BICOUSD+0.3901%1h0.02247−0.034%$37K$57K20xas long as short