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

BICO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%
Price spread now: OKX against Bitget−0.089%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1071.070% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.150%−$15 on $10k
Price spread, last 4 days (all we have)−0.180%−$18 · spread now −0.089%, 7d avg −0.046%
Together, before fees−0.330%−$33 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: OKX is 0.043% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BICOUSDT0.022470.0100pay 0.0100% / 8h2h 11m$644K$450K10x
ShortOKX BICO-USDT-SWAP0.022450.0100get 0.0050% / 4h2h 11m$1.8M$5.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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: −0.089% → −0.046%
−$4.31
Slippage, 4 orders
−$85.04
Fee Bitget: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$111.35
Costs to cover
1.070%
Break-even
never at this rate
Slippage from Bitget: live order book, 9 min ago; OKX: live order book, 1 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, 9 min ago6.65 bp37.0 bp −$37105.0 bp −$1,050doesn't fitdoesn't fit
Sell OKX live order book, 1 min ago2.23 bp24.9 bp −$25doesn't fitdoesn'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+0.054%$94K$20K5xas long as short
Binance BICOUSDT+0.0100%8h0.02245−0.089%$4.1M$8.6M20xas long as short
Bybit BICOUSDT+0.0100%8h0.02247+0.022%$2.4M$3.7M20xas long as short
OKX BICO-USDT-SWAPshort+0.0100%4h0.02245−0.089%$1.8M$5.3M20x
MEXC BICO_USDT+0.0100%8h0.02245−0.089%$1.8M$1.0M50xas long as short
KuCoin BICOUSDTM+0.0100%8h0.02248+0.045%$996K$1.2M20xas long as short
Bitget BICOUSDTlong+0.0100%8h0.02247long leg$644K$450K10x
BingX BICO-USDT+0.0100%8h0.02245−0.089%$1.7Mas long as short
Variational Omni BICO+0.0100%8h0.02255+0.340%$16K$4Kas long as short
Gate BICO_USDT+0.0242%8h0.02250+0.134%$401K$313K20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BICOUSD+0.5164%1h0.02256+0.416%$40K$47K20xas long as short