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

BICO

all BICO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.3512%/8h= +384.5% APRpaid last 24h +0.517%
Price spread now: Kraken Futures against OKX+0.716%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$105 a day on $10k at the current rate, and Kraken Futures is 0.716% dearer against OKX than usual: you sell high and buy low: +$72 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX BICO-USDT-SWAP0.022690.0100pay 0.0050% / 4h3h 32m$1.8M$5.5M20x
ShortKraken Futures PF_BICOUSD0.022850.3612get 0.0451% / 1h32m 10s$40K$42K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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
$737.45
Price spread: +0.716% → 0.000%
$71.61
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$789.06
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: OKX: 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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago2.21 bp22.6 bp −$23doesn't fitdoesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BICOUSDT+0.0100%8h0.02271+0.088%$95K$20K5xas long as short
Binance BICOUSDT+0.0100%8h0.02270+0.024%$4.2M$8.7M20xas long as short
Bybit BICOUSDT+0.0100%8h0.02272+0.115%$2.4M$3.9M20xas long as short
OKX BICO-USDT-SWAPlong+0.0100%4h0.02269long leg$1.8M$5.5M20x
MEXC BICO_USDT+0.0100%8h0.02270+0.044%$1.7M$1.0M50xas long as short
KuCoin BICOUSDTM+0.0100%8h0.02271+0.088%$1.0M$1.2M20xas long as short
Bitget BICOUSDT+0.0100%8h0.02271+0.088%$656K$451K10xas long as short
BingX BICO-USDT+0.0100%8h0.02270+0.044%$1.7Mas long as short
Variational Omni BICO+0.0100%8h0.02266−0.126%$15K$3Kas long as short
Gate BICO_USDT+0.0280%8h0.02273+0.176%$407K$326K20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BICOUSDshort+0.3612%1h0.02285+0.716%$40K$42K20x