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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Binance against KuCoin−0.174%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$469as in the Funding arb table

Net, price: spread back to 7d avg − costs−$476as in the Price arb table

costs, in and out, $10k−$4684.685% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.174%, 7d avg −0.095%

Together, before fees+0.061%+$6 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 0.078% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BIOUSDTM	0.02878	0.0100	pay 0.0050% / 4h	1h 36m	$559K	$118K	20x
Short	Binance BIOUSDT	0.02873	0.0100	get 0.0050% / 4h	1h 36m	$6.1M	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.174%Rate

Funding earned: $0
Price spread: −0.174% → −0.095%: −$7.83
Slippage, 4 orders: −$446.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$476.33
Costs to cover: 4.685%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Binance: live order book, 2 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 KuCoin live order book, 7 min ago	5.21 bp	141.9 bp −$142	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.74 bp	15.3 bp −$15	53.3 bp −$533	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	−0.0539%	1h	0.02879	+0.021%	$11K	$6K	20x	as long as short
Aster BIOUSDT	+0.0037%	4h	0.02878	0.000%	$21K	$102K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0085%	4h	0.02870	−0.278%	$1.1M	$2.1M	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02882	+0.122%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02877	−0.035%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02880	+0.083%	$752K	$214K	3x	as long as short
Binance BIOUSDTshort	+0.0100%	4h	0.02873	−0.174%	$6.1M	$7.7M	50x
Bybit BIOUSDT	+0.0100%	4h	0.02874	−0.139%	$2.1M	$2.5M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02880	+0.069%	$1.5M	$320K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02874	−0.139%	$409K	$138K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTMlong	+0.0100%	4h	0.02878	long leg	$559K	$118K	20x
Bitget BIOUSDT	+0.0100%	4h	0.02875	−0.104%	$1.3M	$566K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02875	−0.104%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02880	+0.087%	$30K	$68K	—	as long as short
BloFin BIO-USDT	+0.0107%	4h	0.02874	−0.139%	$261K	$7K	50x	as long as short