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 −0.015%

Price spread now: Bitget against KuCoin−0.139%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$495as in the Funding arb table

Net, price: spread back to 7d avg − costs−$502as in the Price arb table

costs, in and out, $10k−$4974.967% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 4 days (all we have)+0.028%+$3 · spread now −0.139%, 7d avg −0.082%

Together, before fees+0.043%+$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: Bitget is 0.057% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.082%.

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	1h 42m	$556K	$126K	20x
Short	Bitget BIOUSDT	0.02884	0.0100	get 0.0050% / 4h	1h 42m	$1.3M	$528K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.139%Rate

Funding earned: $0
Price spread: −0.139% → −0.082%: −$5.67
Slippage, 4 orders: −$472.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$502.42
Costs to cover: 4.967%
Break-even: never at this rate

Slippage from KuCoin: live order book, 30 min ago; Bitget: live order book, 4 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, 30 min ago	3.47 bp	150.6 bp −$151	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.74 bp	27.0 bp −$27	71.0 bp −$710	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
Lighter BIO	+0.0096%	1h	0.02884	−0.132%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02884	−0.139%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02883	−0.163%	$19K	$92K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02883	−0.163%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02887	−0.035%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02886	−0.069%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02883	−0.173%	$1.4M	$265K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02883	−0.173%	$386K	$126K	20x	as long as short
KuCoin BIOUSDTMlong	+0.0100%	4h	0.02888	long leg	$556K	$126K	20x
Bitget BIOUSDTshort	+0.0100%	4h	0.02884	−0.139%	$1.3M	$528K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BIO-USDT	+0.0100%	4h	0.02883	−0.173%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02877	−0.373%	$33K	$71K	—	as long as short
BloFin BIO-USDT	+0.0117%	4h	0.02877	−0.381%	$262K	$9K	50x	as long as short
Kraken Futures PF_BIOUSD	+0.0168%	1h	0.02888	−0.014%	$11K	$6K	20x	as long as short
Hyperliquid BIO	+0.0492%	1h	0.02889	+0.035%	$752K	$219K	3x	as long as short