BIO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.06 per $10,000 · paid last 24h −0.004%

Price spread now: BloFin against Bybit−0.557%102s7-day average −0.115% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$790.789% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.338%+$34 · spread now −0.557%, 7d avg −0.115%

Together, before fees+0.309%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.443% cheaper against Bybit than usual: you would sell low and buy high (spread −0.557% now, against its 7-day average of −0.115%). If the spread goes back, that is −$44 on $10k: about 4 months of funding at the current rate ($0 a day). The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BIOUSDT	0.02871	0.0100	pay 0.0050% / 4h	2h 21m	$2.1M	$2.5M	50x
Short	BloFin BIO-USDT	0.02855	0.0113	get 0.0056% / 4h	2h 21m	$262K	$7K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.557%Rate

Funding earned: $2.64
Price spread: −0.557% → −0.115%: −$44.26
Slippage, 4 orders: −$55.92
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$120.54
Costs to cover: 0.789%
Break-even: 326.3 days

Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 60 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, 1 min ago	3.49 bp	20.3 bp −$20	117.5 bp −$1,175	doesn't fit	doesn't fit
Sell BloFin live order book, 60 min ago	6.89 bp	18.8 bp −$19	45.6 bp −$456	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	−0.0572%	1h	0.02868	−0.118%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0003%	4h	0.02869	−0.056%	$21K	$101K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0048%	4h	0.02869	−0.070%	$1.1M	$2.1M	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02874	+0.108%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02866	−0.174%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02873	+0.073%	$749K	$215K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02871	−0.008%	$6.1M	$7.6M	50x	as long as short
Bybit BIOUSDTlong	+0.0100%	4h	0.02871	long leg	$2.1M	$2.5M	50x
Gate BIO_USDT	+0.0100%	8h	0.02872	+0.035%	$1.5M	$317K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02871	0.000%	$406K	$137K	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	0.02871	0.000%	$558K	$118K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02872	+0.035%	$1.3M	$549K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02871	0.000%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02851	−0.713%	$30K	$68K	—	as long as short
BloFin BIO-USDTshort	+0.0113%	4h	0.02855	−0.557%	$262K	$7K	50x