BIO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.21 per $10,000 · paid last 24h −0.007%

Price spread now: BloFin against OKX+0.205%103s7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$820.824% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 3 days (all we have)−0.380%−$38 · spread now +0.205%, 7d avg −0.031%

Together, before fees−0.368%−$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.235% dearer against OKX than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.031%. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BIO-USDT-SWAP	0.02933	0.0100	pay 0.0050% / 4h	3h 11m	$1.2M	$2.2M	20x
Short	BloFin BIO-USDT	0.02939	0.0142	get 0.0071% / 4h	3h 11m	$267K	$10K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.205%Rate

Funding earned: $8.9
Price spread: +0.205% → −0.031%: $23.52
Slippage, 4 orders: −$60.41
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$50
Costs to cover: 0.824%
Break-even: 46.3 days

Slippage from OKX: live order book, 5 min ago; BloFin: live order book, 55 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, 5 min ago	3.41 bp	22.4 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 55 min ago	5.19 bp	20.2 bp −$20	42.6 bp −$426	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	−0.0221%	1h	0.02936	+0.095%	$11K	$6K	20x	as long as short
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02934	+0.034%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02937	+0.140%	$11K	$3K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02934	+0.050%	$21K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02934	+0.034%	$6.3M	$6.9M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02936	+0.102%	$2.2M	$2.5M	50x	as long as short
OKX BIO-USDT-SWAPlong	+0.0100%	4h	0.02933	long leg	$1.2M	$2.2M	20x
Gate BIO_USDT	+0.0100%	8h	0.02936	+0.102%	$1.5M	$285K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02934	+0.034%	$401K	$130K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02937	+0.136%	$568K	$117K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BIOUSDT	+0.0100%	4h	0.02935	+0.068%	$1.3M	$504K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02935	+0.068%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02936	+0.087%	$34K	$68K	—	as long as short
Hyperliquid BIO	+0.0139%	1h	0.02939	+0.205%	$769K	$215K	3x	as long as short
BloFin BIO-USDTshort	+0.0142%	4h	0.02939	+0.205%	$267K	$10K	50x