Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against Bitget+0.139%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$498as in the Funding arb table

Net, price: spread back to 7d avg − costs−$491as in the Price arb table

costs, in and out, $10k−$4974.967% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.139%, 7d avg +0.082%

Together, before fees−0.043%−$4 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 0.057% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BIOUSDT	0.02884	0.0100	pay 0.0050% / 4h	1h 42m	$1.3M	$528K	50x
Short	KuCoin BIOUSDTM	0.02888	0.0100	get 0.0050% / 4h	1h 42m	$556K	$125K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → +0.082%: $5.69
Slippage, 4 orders: −$472.75
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$491.06
Costs to cover: 4.967%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 31 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 Bitget live order book, 4 min ago	1.74 bp	32.5 bp −$33	81.0 bp −$810	doesn't fit	doesn't fit
Sell KuCoin live order book, 31 min ago	3.47 bp	286.7 bp −$287	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
Lighter BIO	+0.0096%	1h	0.02887	+0.107%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02884	0.000%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02883	−0.018%	$19K	$92K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02884	+0.004%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02887	+0.104%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02886	+0.069%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02884	0.000%	$1.4M	$265K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02883	−0.035%	$386K	$126K	20x	as long as short
KuCoin BIOUSDTMshort	+0.0100%	4h	0.02888	+0.139%	$556K	$125K	20x
Bitget BIOUSDTlong	+0.0100%	4h	0.02884	long leg	$1.3M	$528K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BIO-USDT	+0.0100%	4h	0.02884	0.000%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02877	−0.235%	$33K	$71K	—	as long as short
BloFin BIO-USDT	+0.0117%	4h	0.02877	−0.243%	$262K	$9K	50x	as long as short
Kraken Futures PF_BIOUSD	+0.0168%	1h	0.02888	+0.124%	$11K	$6K	20x	as long as short
Hyperliquid BIO	+0.0498%	1h	0.02890	+0.194%	$752K	$219K	3x	as long as short