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: Binance against Bybit−0.164%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$700.705% of the position

Long on Bybit Short on Binance

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+0.190%+$19 · spread now −0.164%, 7d avg −0.070%

Together, before fees+0.165%+$16 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: Binance is 0.094% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BIOUSDT	0.02917	0.0100	pay 0.0050% / 4h	3h 42m	$2.2M	$2.6M	50x
Short	Binance BIOUSDT	0.02912	0.0100	get 0.0050% / 4h	3h 42m	$6.2M	$6.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.164%Rate

Funding earned: $0
Price spread: −0.164% → −0.070%: −$9.4
Slippage, 4 orders: −$49.48
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$79.88
Costs to cover: 0.705%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 11 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 Bybit live order book, 4 min ago	3.43 bp	17.9 bp −$18	112.2 bp −$1,122	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	1.72 bp	16.2 bp −$16	64.4 bp −$644	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	−0.0223%	1h	0.02915	−0.066%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0042%	4h	0.02913	−0.137%	$265K	$10K	50x	as long as short
Orderly PERP_BIO_USDC	+0.0095%	4h	0.02914	−0.103%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02916	−0.017%	$11K	$3K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02920	+0.093%	$764K	$217K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02914	−0.102%	$21K	$95K	5x	as long as short
Binance BIOUSDTshort	+0.0100%	4h	0.02912	−0.164%	$6.2M	$6.9M	50x
Bybit BIOUSDTlong	+0.0100%	4h	0.02917	long leg	$2.2M	$2.6M	50x
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02914	−0.103%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02915	−0.069%	$1.5M	$271K	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	0.02912	−0.171%	$396K	$128K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02917	0.000%	$563K	$116K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02914	−0.103%	$1.3M	$511K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02914	−0.103%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02915	−0.084%	$34K	$68K	—	as long as short