Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%

Price spread now: KuCoin against Gate−0.035%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$640as in the Funding arb table

Net, price: spread back to 7d avg − costs−$648as in the Price arb table

costs, in and out, $10k−$6436.435% of the position

Long on Gate Short on KuCoin

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)+0.016%+$2 · spread now −0.035%, 7d avg +0.013%

Together, before fees+0.047%+$5 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 0.048% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BIO_USDT	0.02872	0.0100	pay 0.0100% / 8h	2h 21m	$1.5M	$317K	50x
Short	KuCoin BIOUSDTM	0.02871	0.0100	get 0.0050% / 4h	2h 21m	$558K	$118K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → +0.013%: −$4.77
Slippage, 4 orders: −$616.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$648.23
Costs to cover: 6.435%
Break-even: never at this rate

Slippage from Gate: 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 Gate live order book, 1 min ago	3.48 bp	33.9 bp −$34	15557.1 bp −$155.6K	doesn't fit	doesn't fit
Sell KuCoin live order book, 37 min ago	8.66 bp	320.2 bp −$320	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	−0.0572%	1h	0.02868	−0.153%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0003%	4h	0.02869	−0.091%	$21K	$101K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0048%	4h	0.02869	−0.104%	$1.1M	$2.1M	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02874	+0.073%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02866	−0.209%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02873	+0.038%	$749K	$215K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02871	−0.043%	$6.1M	$7.6M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02871	−0.035%	$2.1M	$2.5M	50x	as long as short
Gate BIO_USDTlong	+0.0100%	8h	0.02872	long leg	$1.5M	$317K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02871	−0.035%	$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 BIOUSDTMshort	+0.0100%	4h	0.02871	−0.035%	$558K	$118K	20x
Bitget BIOUSDT	+0.0100%	4h	0.02872	0.000%	$1.3M	$549K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02871	−0.035%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02851	−0.748%	$30K	$68K	—	as long as short
BloFin BIO-USDT	+0.0113%	4h	0.02855	−0.592%	$262K	$7K	50x	as long as short