Funding you earn now, next payment 08:00 UTC−0.0078%/8h= −8.5% APRnext payment −$0.78 per $10,000 · paid last 24h −0.029%
Price spread now: Bitget against Gate+0.090%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1301.295% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.090%, 7d avg −0.027%
=The price spread pays, funding is against you. Bitget is 0.117% dearer against Gate than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of −0.027%): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.0 days. At the pace of the last 7 days (−0.029% in total) that is about 29 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BICO_USDT | 0.02232 | 0.0178 | pay 0.0178% / 8h | 4h 47m | $373K | $322K | 20x |
| Short | Bitget BICOUSDT | 0.02234 | 0.0100 | get 0.0100% / 8h | 4h 47m | $644K | $520K | 10x |
Gate BICO_USDT
Bitget BICOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- −$16.38
- Price spread: +0.090% → −0.027%
- $11.69
- Slippage, 4 orders
- −$102.54
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$134.23
- Costs to cover
- 1.295%
- Break-even
- never at this rate
Slippage from Gate: live order book, 7 min ago; Bitget: live order book, 7 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 Gate live order book, 7 min ago | 11.14 bp | 30.4 bp −$30 | 107.2 bp −$1,072 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 7 min ago | 6.69 bp | 25.6 bp −$26 | 137.5 bp −$1,375 | 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 | 0.02231 | −0.039% | $92K | $22K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02233 | +0.027% | $4.0M | $8.4M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02233 | +0.045% | $1.8M | $5.2M | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02232 | 0.000% | $1.8M | $1.1M | 50x | as long as short |
| Bitget BICOUSDTshort | +0.0100% | 8h | 0.02234 | +0.090% | $644K | $520K | 10x | |
| Gate BICO_USDTlong | +0.0178% | 8h | 0.02232 | long leg | $373K | $322K | 20x | |
| Bybit BICOUSDT | +0.0198% | 8h | 0.02234 | +0.076% | $2.4M | $3.8M | 20x | as long as short |
| BingX BICO-USDT | +0.0215% | 8h | 0.02233 | +0.045% | — | $1.7M | — | as long as short |
| Variational Omni BICO | +0.0256% | 8h | 0.02237 | +0.236% | $14K | $8K | — | as long as short |
| KuCoin BICOUSDTM | +0.0375% | 8h | 0.02236 | +0.179% | $1.1M | $1.3M | 20x | as long as short |
Aster BICOUSDT
Binance BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
Bybit BICOUSDT
BingX BICO-USDT
Variational Omni BICO
KuCoin BICOUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.6567% | 1h | 0.02255 | +1.041% | $37K | $56K | 20x | as long as short |
Kraken Futures PF_BICOUSD