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: BingX against KuCoin−0.069%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$471as in the Funding arb table

Net, price: spread back to 7d avg − costs−$475as in the Price arb table

costs, in and out, $10k−$4734.728% of the position

Long on KuCoin Short on BingX

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)+0.026%+$3 · spread now −0.069%, 7d avg −0.049%

Together, before fees+0.042%+$4 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: BingX is 0.021% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BIOUSDTM	0.02888	0.0100	pay 0.0050% / 4h	40m 50s	$546K	$119K	20x
Short	BingX BIO-USDT	0.02886	0.0100	get 0.0050% / 4h	40m 50s	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → −0.049%: −$2.05
Slippage, 4 orders: −$450.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$474.82
Costs to cover: 4.728%
Break-even: never at this rate

Slippage from KuCoin: live order book, 63 min ago; BingX: live order book, 5 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, 63 min ago	5.21 bp	141.9 bp −$142	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	5.20 bp	17.0 bp −$17	48.0 bp −$480	501.9 bp −$50.2K	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	−0.0893%	1h	0.02885	−0.105%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0051%	4h	0.02888	0.000%	$262K	$7K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02893	+0.173%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02885	−0.104%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02886	−0.071%	$21K	$101K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02885	−0.112%	$6.1M	$7.6M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02887	−0.035%	$2.1M	$2.4M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02883	−0.173%	$1.1M	$2.1M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02890	+0.069%	$1.5M	$339K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02886	−0.069%	$411K	$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	0.02888	long leg	$546K	$119K	20x
Bitget BIOUSDT	+0.0100%	4h	0.02887	−0.035%	$1.3M	$548K	50x	as long as short
BingX BIO-USDTshort	+0.0100%	4h	0.02886	−0.069%	—	$1.3M	—
Variational Omni BIO	+0.0100%	4h	0.02885	−0.089%	$31K	$68K	—	as long as short
Hyperliquid BIO	+0.0357%	1h	0.02892	+0.145%	$754K	$214K	3x	as long as short