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 0.000%

Price spread now: Binance against OKX+0.012%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$840.845% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days−0.019%−$2 · spread now +0.012%, 7d avg −0.045%

Together, before fees+0.002%$0 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 0.057% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BIO-USDT-SWAP	0.02865	0.0100	pay 0.0050% / 4h	2h 45m	$1.2M	$2.3M	20x
Short	Binance BIOUSDT	0.02865	0.0100	get 0.0050% / 4h	2h 45m	$6.1M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → −0.045%: $5.73
Slippage, 4 orders: −$64.47
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$78.74
Costs to cover: 0.845%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Binance: live order book, 8 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 OKX live order book, 1 min ago	3.49 bp	23.9 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	3.49 bp	16.3 bp −$16	63.4 bp −$634	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	−0.0670%	1h	0.02867	+0.056%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0071%	4h	0.02867	+0.070%	$263K	$9K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02868	+0.112%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02865	0.000%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02865	+0.016%	$19K	$93K	5x	as long as short
Binance BIOUSDTshort	+0.0100%	4h	0.02865	+0.012%	$6.1M	$6.8M	50x
Bybit BIOUSDT	+0.0100%	4h	0.02867	+0.070%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAPlong	+0.0100%	4h	0.02865	long leg	$1.2M	$2.3M	20x
Gate BIO_USDT	+0.0100%	8h	0.02866	+0.035%	$1.4M	$265K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02864	−0.035%	$379K	$124K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTM	+0.0100%	4h	0.02870	+0.175%	$547K	$126K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02864	−0.035%	$1.3M	$520K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02865	0.000%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02865	−0.017%	$33K	$70K	—	as long as short
Hyperliquid BIO	+0.0586%	1h	0.02870	+0.188%	$752K	$216K	3x	as long as short