Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance+0.035%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$740.738% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 7 days−0.074%−$7 · spread now +0.035%, 7d avg +0.072%

Together, before fees−0.049%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.037% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BIOUSDT	0.02890	0.0100	pay 0.0050% / 4h	30m 58s	$6.1M	$7.4M	50x
Short	Bybit BIOUSDT	0.02891	0.0100	get 0.0050% / 4h	30m 58s	$2.2M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.072%: −$3.73
Slippage, 4 orders: −$52.8
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$77.53
Costs to cover: 0.738%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Bybit: live order book, 1 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 Binance live order book, 8 min ago	1.75 bp	14.4 bp −$14	54.6 bp −$546	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.73 bp	23.0 bp −$23	114.9 bp −$1,149	doesn't fit	doesn't fit

BIO on 15 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
Kraken Futures PF_BIOUSD	−0.1158%	1h	0.02888	−0.085%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0083%	4h	0.02887	−0.109%	$21K	$104K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0038%	4h	0.02889	−0.035%	$1.2M	$2.2M	20x	as long as short
BloFin BIO-USDT	+0.0048%	4h	0.02885	−0.173%	$263K	$7K	50x	as long as short
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02886	−0.138%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02892	+0.055%	$15K	$7K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02890	+0.010%	$754K	$223K	3x	as long as short
Binance BIOUSDTlong	+0.0100%	4h	0.02890	long leg	$6.1M	$7.4M	50x
Bybit BIOUSDTshort	+0.0100%	4h	0.02891	+0.035%	$2.2M	$2.6M	50x
Gate BIO_USDT	+0.0100%	8h	0.02887	−0.104%	$1.5M	$291K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BIO_USDT	+0.0100%	4h	0.02886	−0.138%	$406K	$134K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02891	+0.035%	$567K	$116K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02887	−0.104%	$1.3M	$558K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02887	−0.104%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02888	−0.052%	$33K	$66K	—	as long as short