Funding you earn now, next payment 09:00 UTC+0.6148%/8h= +673.2% APRpaid last 24h +1.132%
Price spread now: Kraken Futures against Gate+0.467%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+2.600%+$260 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$184 a day on $10k at the current rate, and Kraken Futures is 0.467% dearer against Gate than usual: you sell high and buy low: +$47 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.600% in total (about 135.6% a year). A funding rate is set anew for every payment. 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 | Gate BICO_USDT | 0.02216 | 0.0100 | pay 0.0100% / 8h | 7h 29m | $359K | $309K | 20x |
| Short | Kraken Futures PF_BICOUSD | 0.02226 | 0.6248 | get 0.0781% / 1h | 29m 38s | $38K | $66K | 20x |
Gate BICO_USDT
Kraken Futures PF_BICOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $1,291.08
- Price spread: +0.467% → 0.000%
- $46.69
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $1,312.77
- Costs to cover
- 0.250%
- Break-even
- from the start
Slippage unknown: Gate: live order book, 1 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 1 min ago | 11.26 bp | 32.8 bp −$33 | 114.6 bp −$1,146 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BICOUSDT | +0.0100% | 8h | 0.02217 | +0.067% | $93K | $23K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02217 | +0.045% | $3.9M | $8.5M | 20x | as long as short |
| Bybit BICOUSDT | +0.0100% | 8h | 0.02217 | +0.036% | $2.1M | $4.0M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02216 | 0.000% | $1.8M | $5.2M | 20x | as long as short |
| Gate BICO_USDTlong | +0.0100% | 8h | 0.02216 | long leg | $359K | $309K | 20x | |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02218 | +0.090% | $1.8M | $1.0M | 50x | as long as short |
| KuCoin BICOUSDTM | +0.0100% | 8h | 0.02218 | +0.090% | $970K | $1.5M | 20x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02217 | +0.045% | $642K | $520K | 10x | as long as short |
| BingX BICO-USDT | +0.0100% | 8h | 0.02216 | 0.000% | — | $1.7M | — | as long as short |
| Variational Omni BICO | +0.0100% | 8h | 0.02219 | +0.126% | $13K | $13K | — | as long as short |
Aster BICOUSDT
Binance BICOUSDT
Bybit BICOUSDT
OKX BICO-USDT-SWAP
MEXC BICO_USDT
KuCoin BICOUSDTM
Bitget BICOUSDT
BingX BICO-USDT
Variational Omni BICOShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSDshort | +0.6248% | 1h | 0.02226 | +0.467% | $38K | $66K | 20x |