Funding you earn now, next payment 04:00 UTC+0.0292%/8h= +32.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against OKX+0.088%7-day average +0.142% · you sell dearer than you buy
Net, funding: paid 7d − costs−$951as in the Funding arb table
Net, price: spread back to 7d avg − costs−$972as in the Price arb table
costs, in and out, $10k−$9669.663% of the position
Funding, last 7 days+0.150%+$15 on $10k
+Price spread, last 7 days+0.009%+$1 · spread now +0.088%, 7d avg +0.142%
=Funding pays, the price is against you. KuCoin is 0.054% cheaper against OKX than usual: you would sell low and buy high (spread +0.088% now, against its 7-day average of +0.142%). If the spread goes back, that is −$5 on $10k: about 15 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.150% in total) that is about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.150% in total (about 7.8% 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 | OKX BICO-USDT-SWAP | 0.02277 | 0.0100 | pay 0.0050% / 4h | 2h 15m | $1.9M | $5.3M | 20x |
| Short | KuCoin BICOUSDTM | 0.02279 | 0.0392 | get 0.0392% / 8h | 6h 15m | $1.1M | $1.3M | 20x |
OKX BICO-USDT-SWAP
KuCoin BICOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against OKX. 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
- $61.32
- Price spread: +0.088% → +0.142%
- −$5.38
- Slippage, 4 orders
- −$944.35
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$910.41
- Costs to cover
- 9.663%
- Break-even
- 110.9 days
Slippage from OKX: live order book, 2 min ago; KuCoin: live order book, 5 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 OKX live order book, 2 min ago | 2.20 bp | 22.1 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 6.58 bp | 158.6 bp −$159 | doesn't fit | 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 | 0.02274 | −0.153% | $94K | $19K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02276 | −0.031% | $4.1M | $8.5M | 20x | as long as short |
| OKX BICO-USDT-SWAPlong | +0.0100% | 4h | 0.02277 | long leg | $1.9M | $5.3M | 20x | |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02275 | −0.088% | $1.8M | $1.0M | 50x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02277 | 0.000% | $654K | $490K | 10x | as long as short |
| Variational Omni BICO | +0.0346% | 8h | 0.02278 | +0.047% | $14K | $8K | — | as long as short |
| KuCoin BICOUSDTMshort | +0.0392% | 8h | 0.02279 | +0.088% | $1.1M | $1.3M | 20x | |
| BingX BICO-USDT | +0.0826% | 8h | 0.02275 | −0.088% | — | $1.7M | — | as long as short |
| Bybit BICOUSDT | +0.0889% | 8h | 0.02276 | −0.026% | $2.5M | $3.8M | 20x | as long as short |
| Gate BICO_USDT | +0.1196% | 8h | 0.02279 | +0.088% | $408K | $314K | 20x | as long as short |
Aster BICOUSDT
Binance BICOUSDT
MEXC BICO_USDT
Bitget BICOUSDT
Variational Omni BICO
BingX BICO-USDT
Bybit BICOUSDT
Gate BICO_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.6307% | 1h | 0.02296 | +0.832% | $39K | $52K | 20x | as long as short |
Kraken Futures PF_BICOUSD