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 BingX+0.138%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$544as in the Funding arb table

Net, price: spread back to 7d avg − costs−$534as in the Price arb table

costs, in and out, $10k−$5435.428% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)−0.065%−$6 · spread now +0.138%, 7d avg +0.045%

Together, before fees−0.080%−$8 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 0.093% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BIO-USDT	0.02900	0.0100	pay 0.0050% / 4h	3h 58m	—	$1.3M	—
Short	KuCoin BIOUSDTM	0.02904	0.0100	get 0.0050% / 4h	3h 58m	$560K	$117K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now +0.138%Rate

Funding earned: $0
Price spread: +0.138% → +0.045%: $9.26
Slippage, 4 orders: −$520.76
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$533.5
Costs to cover: 5.428%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; KuCoin: live order book, 15 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 BingX live order book, 8 min ago	5.20 bp	18.1 bp −$18	46.1 bp −$461	562.0 bp −$56.2K	851.4 bp −$425.7K
Sell KuCoin live order book, 15 min ago	8.61 bp	346.4 bp −$346	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	−0.0462%	1h	0.02898	−0.065%	$11K	$6K	20x	as long as short
Aster BIOUSDT	+0.0018%	4h	0.02899	−0.034%	$21K	$102K	5x	as long as short
Orderly PERP_BIO_USDC	+0.0095%	4h	0.02896	−0.138%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02905	+0.183%	$15K	$7K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02899	−0.021%	$6.1M	$7.4M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02902	+0.069%	$2.2M	$2.5M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02898	−0.069%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02904	+0.138%	$1.5M	$308K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02898	−0.069%	$408K	$132K	20x	as long as short
KuCoin BIOUSDTMshort	+0.0100%	4h	0.02904	+0.138%	$560K	$117K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BIOUSDT	+0.0100%	4h	0.02901	+0.034%	$1.3M	$549K	50x	as long as short
BingX BIO-USDTlong	+0.0100%	4h	0.02900	long leg	—	$1.3M	—
Variational Omni BIO	+0.0100%	4h	0.02902	+0.086%	$34K	$66K	—	as long as short
BloFin BIO-USDT	+0.0129%	4h	0.02895	−0.172%	$263K	$7K	50x	as long as short
Hyperliquid BIO	+0.0309%	1h	0.02903	+0.121%	$757K	$221K	3x	as long as short