Funding you earn now, next payment 12:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h −0.029%
Price spread now: OKX against Gate−0.044%7-day average −0.065% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$980.977% of the position
Funding, last 7 days−0.179%−$18 on $10k
+Price spread, last 4 days (all we have)−0.201%−$20 · spread now −0.044%, 7d avg −0.065%
=The price spread pays, funding is against you. OKX is 0.020% dearer against Gate than usual: you sell high and buy low (spread −0.044% now, against its 7-day average of −0.065%): +$2 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 4.5 days. At the pace of the last 7 days (−0.179% in total) that is about 19 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BICO_USDT | 0.02252 | 0.0115 | pay 0.0115% / 8h | 6h 59m | $371K | $301K | 20x |
| Short | OKX BICO-USDT-SWAP | 0.02251 | 0.0100 | get 0.0050% / 4h | 2h 59m | $1.8M | $5.2M | 20x |
Gate BICO_USDT
OKX BICO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$3.15
- Price spread: −0.044% → −0.065%
- $2.02
- Slippage, 4 orders
- −$72.73
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$98.86
- Costs to cover
- 0.977%
- Break-even
- never at this rate
Slippage from Gate: live order book, 31 min ago; OKX: live order book, 3 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, 31 min ago | 11.26 bp | 32.8 bp −$33 | 114.6 bp −$1,146 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 2.22 bp | 20.2 bp −$20 | 158.6 bp −$1,586 | 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 | 0.02252 | +0.010% | $95K | $25K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02251 | −0.062% | $4.0M | $8.4M | 20x | as long as short |
| Bybit BICOUSDT | +0.0100% | 8h | 0.02251 | −0.058% | $2.1M | $3.9M | 20x | as long as short |
| OKX BICO-USDT-SWAPshort | +0.0100% | 4h | 0.02251 | −0.044% | $1.8M | $5.2M | 20x | |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02250 | −0.089% | $1.9M | $1.0M | 50x | as long as short |
| KuCoin BICOUSDTM | +0.0100% | 8h | 0.02251 | −0.044% | $990K | $1.5M | 20x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02251 | −0.044% | $630K | $523K | 10x | as long as short |
| BingX BICO-USDT | +0.0100% | 8h | 0.02251 | −0.044% | — | $1.7M | — | as long as short |
| Variational Omni BICO | +0.0100% | 8h | 0.02253 | +0.033% | $13K | $13K | — | as long as short |
| Gate BICO_USDTlong | +0.0115% | 8h | 0.02252 | long leg | $371K | $301K | 20x |
Aster BICOUSDT
Binance BICOUSDT
Bybit BICOUSDT
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_BICOUSD | +0.4284% | 1h | 0.02252 | +0.007% | $39K | $66K | 20x | as long as short |
Kraken Futures PF_BICOUSD