Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: KuCoin against Binance+0.019%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$585as in the Funding arb table

Net, price: spread back to 7d avg − costs−$594as in the Price arb table

costs, in and out, $10k−$5865.861% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now +0.019%, 7d avg +0.095%

Together, before fees+0.115%+$11 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: KuCoin is 0.077% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BIOUSDT	0.02892	0.0100	pay 0.0050% / 4h	2h 57m	$6.1M	$7.4M	50x
Short	KuCoin BIOUSDTM	0.02893	0.0100	get 0.0050% / 4h	2h 57m	$559K	$117K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → +0.095%: −$7.67
Slippage, 4 orders: −$564.11
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$593.77
Costs to cover: 5.861%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; KuCoin: live order book, 2 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, 12 min ago	1.73 bp	14.4 bp −$14	60.9 bp −$609	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	8.66 bp	320.2 bp −$320	doesn't fit	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	−0.0566%	1h	0.02894	+0.063%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0017%	4h	0.02892	−0.003%	$21K	$102K	5x	as long as short
OKX BIO-USDT-SWAP	−0.0010%	4h	0.02892	−0.016%	$1.2M	$2.1M	20x	as long as short
BloFin BIO-USDT	+0.0056%	4h	0.02890	−0.085%	$265K	$7K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02899	+0.223%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02892	−0.016%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02897	+0.167%	$755K	$218K	3x	as long as short
Binance BIOUSDTlong	+0.0100%	4h	0.02892	long leg	$6.1M	$7.4M	50x
Bybit BIOUSDT	+0.0100%	4h	0.02893	+0.019%	$2.2M	$2.4M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02889	−0.120%	$1.5M	$302K	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	0.02893	+0.019%	$404K	$135K	20x	as long as short
KuCoin BIOUSDTMshort	+0.0100%	4h	0.02893	+0.019%	$559K	$117K	20x
Bitget BIOUSDT	+0.0100%	4h	0.02893	+0.019%	$1.3M	$547K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02890	−0.085%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02881	−0.396%	$33K	$65K	—	as long as short