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 0.000%

Price spread now: Variational Omni against Bybit+0.006%7-day average — · you sell dearer than you buy

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

Long on Bybit 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BIOUSDT	0.02891	0.0100	pay 0.0050% / 4h	33m 11s	$2.2M	$2.6M	50x
Short	Variational Omni BIO	0.02891	0.0100	get 0.0050% / 4h	33m 11s	$33K	$71K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → 0.000%: $0.58
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.42
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	1.73 bp	16.9 bp −$17	108.5 bp −$1,085	doesn't fit	doesn't fit
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	+0.0060%	1h	0.02892	+0.032%	$11K	$6K	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02893	+0.059%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02889	−0.069%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02891	+0.012%	$19K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02889	−0.068%	$6.1M	$6.9M	50x	as long as short
Bybit BIOUSDTlong	+0.0100%	4h	0.02891	long leg	$2.2M	$2.6M	50x
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02891	0.000%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02892	+0.035%	$1.5M	$276K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02889	−0.069%	$388K	$126K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02893	+0.069%	$559K	$119K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BIOUSDT	+0.0100%	4h	0.02890	−0.035%	$1.3M	$523K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02891	0.000%	—	$1.4M	—	as long as short
Variational Omni BIOshort	+0.0100%	4h	0.02891	+0.006%	$33K	$71K	—
BloFin BIO-USDT	+0.0152%	4h	0.02888	−0.104%	$263K	$10K	50x	as long as short
Hyperliquid BIO	+0.0288%	1h	0.02897	+0.204%	$757K	$219K	3x	as long as short