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 +0.015%

Price spread now: KuCoin against Bybit+0.035%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$455as in the Funding arb table

Net, price: spread back to 7d avg − costs−$448as in the Price arb table

costs, in and out, $10k−$4544.538% of the position

Long on Bybit 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)+0.020%+$2 · spread now +0.035%, 7d avg −0.021%

Together, before fees+0.005%+$1 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 0.056% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BIOUSDT	0.02867	0.0100	pay 0.0050% / 4h	45m 51s	$2.2M	$2.6M	50x
Short	KuCoin BIOUSDTM	0.02868	0.0100	get 0.0050% / 4h	45m 51s	$562K	$116K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.021%: $5.63
Slippage, 4 orders: −$430.78
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$448.15
Costs to cover: 4.538%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 37 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	17.7 bp −$18	111.6 bp −$1,116	doesn't fit	doesn't fit
Sell KuCoin live order book, 37 min ago	8.57 bp	291.2 bp −$291	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	−0.1170%	1h	0.02858	−0.298%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0096%	4h	0.02868	+0.032%	$21K	$104K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0005%	4h	0.02862	−0.174%	$1.1M	$2.2M	20x	as long as short
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02864	−0.105%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02871	+0.122%	$15K	$7K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02868	+0.038%	$749K	$222K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02864	−0.105%	$6.1M	$7.4M	50x	as long as short
Bybit BIOUSDTlong	+0.0100%	4h	0.02867	long leg	$2.2M	$2.6M	50x
Gate BIO_USDT	+0.0100%	8h	0.02867	0.000%	$1.4M	$289K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02865	−0.070%	$403K	$133K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTMshort	+0.0100%	4h	0.02868	+0.035%	$562K	$116K	20x
Bitget BIOUSDT	+0.0100%	4h	0.02865	−0.070%	$1.3M	$556K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02867	0.000%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02865	−0.053%	$33K	$66K	—	as long as short
BloFin BIO-USDT	+0.0112%	4h	0.02861	−0.209%	$262K	$7K	50x	as long as short