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: Variational Omni against BingX+0.035%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.035% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BIO-USDT	0.02930	0.0100	pay 0.0050% / 4h	3h 20m	—	$1.4M	—
Short	Variational Omni BIO	0.02931	0.0100	get 0.0050% / 4h	3h 20m	$34K	$68K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → 0.000%: $3.47
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.53
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 9 min ago; Variational Omni: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 9 min ago	5.14 bp	17.3 bp −$17	51.7 bp −$517	590.3 bp −$59.0K	825.7 bp −$412.9K
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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.

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	−0.0222%	1h	0.02930	+0.004%	$11K	$6K	20x	as long as short
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02928	−0.068%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02931	+0.034%	$11K	$3K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02933	+0.116%	$768K	$215K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02928	−0.079%	$21K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02929	−0.034%	$6.2M	$6.9M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02931	+0.034%	$2.2M	$2.5M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02929	−0.034%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02932	+0.068%	$1.5M	$284K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02928	−0.068%	$400K	$129K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTM	+0.0100%	4h	0.02933	+0.102%	$565K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02930	0.000%	$1.3M	$507K	50x	as long as short
BingX BIO-USDTlong	+0.0100%	4h	0.02930	long leg	—	$1.4M	—
Variational Omni BIOshort	+0.0100%	4h	0.02931	+0.035%	$34K	$68K	—
BloFin BIO-USDT	+0.0121%	4h	0.02927	−0.102%	$265K	$10K	50x	as long as short