Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%

Price spread now: Gate against KuCoin+0.104%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$682as in the Funding arb table

Net, price: spread back to 7d avg − costs−$668as in the Price arb table

costs, in and out, $10k−$6796.794% of the position

Long on KuCoin Short on Gate

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)−0.085%−$9 · spread now +0.104%, 7d avg −0.011%

Together, before fees−0.116%−$12 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: Gate is 0.115% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BIOUSDTM	0.02892	0.0100	pay 0.0050% / 4h	1h 58m	$523K	$125K	20x
Short	Gate BIO_USDT	0.02895	0.0100	get 0.0100% / 8h	5h 58m	$1.5M	$325K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.104%Rate

Funding earned: $0
Price spread: +0.104% → −0.011%: $11.5
Slippage, 4 orders: −$652.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$667.9
Costs to cover: 6.794%
Break-even: never at this rate

Slippage from KuCoin: live order book, 47 min ago; Gate: 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, 47 min ago	10.44 bp	147.4 bp −$147	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.45 bp	41.7 bp −$42	doesn't fit	doesn't fit	doesn't fit

BIO on 15 exchanges

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	−0.0885%	1h	0.02891	−0.043%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0078%	4h	0.02884	−0.277%	$266K	$4K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02897	+0.163%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0098%	4h	0.02891	−0.035%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02896	+0.149%	$759K	$176K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02895	+0.090%	$26K	$91K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02890	−0.082%	$6.1M	$7.1M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02892	0.000%	$2.1M	$2.2M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02888	−0.138%	$1.1M	$1.9M	20x	as long as short
Gate BIO_USDTshort	+0.0100%	8h	0.02895	+0.104%	$1.5M	$325K	50x

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BIO_USDT	+0.0100%	4h	0.02890	−0.069%	$391K	$137K	20x	as long as short
KuCoin BIOUSDTMlong	+0.0100%	4h	0.02892	long leg	$523K	$125K	20x
Bitget BIOUSDT	+0.0100%	4h	0.02894	+0.069%	$1.3M	$526K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02891	−0.035%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02890	−0.058%	$27K	$71K	—	as long as short