Funding you earn now, next payment 08:00 UTC−0.0402%/8h= −44.0% APRnext payment −$4.02 per $10,000 · paid last 24h −0.029%
Price spread now: MEXC against Gate−0.177%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$810.813% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 4 days (all we have)+0.145%+$14 · spread now −0.177%, 7d avg −0.049%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and MEXC is 0.128% cheaper against Gate than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.049%). Swap the legs.
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 −$4.02 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 | Gate BICO_USDT | 0.02257 | 0.0502 | pay 0.0502% / 8h | 6h 48m | $404K | $296K | 20x |
| Short | MEXC BICO_USDT | 0.02253 | 0.0100 | get 0.0100% / 8h | 6h 48m | $1.8M | $1.0M | 50x |
Gate BICO_USDT
MEXC BICO_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$84.42
- Price spread: −0.177% → −0.049%
- −$12.81
- Slippage, 4 orders
- −$66.28
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$178.51
- Costs to cover
- 0.813%
- Break-even
- never at this rate
Slippage from Gate: live order book, 17 min ago; MEXC: live order book, 4 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, 17 min ago | 8.79 bp | 31.7 bp −$32 | 856.5 bp −$8,565 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 2.22 bp | 5.3 bp −$5 | 33.8 bp −$338 | 152.5 bp −$15.3K | 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 | 0.02251 | −0.265% | $94K | $19K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02253 | −0.172% | $4.1M | $8.5M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02255 | −0.089% | $1.9M | $5.2M | 20x | as long as short |
| MEXC BICO_USDTshort | +0.0100% | 8h | 0.02253 | −0.177% | $1.8M | $1.0M | 50x | |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02253 | −0.177% | $643K | $479K | 10x | as long as short |
| KuCoin BICOUSDTM | +0.0212% | 8h | 0.02259 | +0.089% | $1.1M | $1.3M | 20x | as long as short |
| Variational Omni BICO | +0.0221% | 8h | 0.02254 | −0.140% | $14K | $8K | — | as long as short |
| BingX BICO-USDT | +0.0494% | 8h | 0.02254 | −0.133% | — | $1.7M | — | as long as short |
| Gate BICO_USDTlong | +0.0502% | 8h | 0.02257 | long leg | $404K | $296K | 20x | |
| Bybit BICOUSDT | +0.0643% | 8h | 0.02257 | +0.018% | $2.4M | $3.7M | 20x | as long as short |
Aster BICOUSDT
Binance BICOUSDT
OKX BICO-USDT-SWAP
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 | +0.6392% | 1h | 0.02266 | +0.385% | $39K | $52K | 20x | as long as short |
Kraken Futures PF_BICOUSD