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: Bybit against OKX0.000%7-day average +0.025% · 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−$88as in the Price arb table

costs, in and out, $10k−$860.859% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days−0.013%−$1 · spread now 0.000%, 7d avg +0.025%

Together, before fees+0.033%+$3 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: Bybit is 0.025% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BIO-USDT-SWAP	0.02891	0.0100	pay 0.0050% / 4h	30m 47s	$1.2M	$2.3M	20x
Short	Bybit BIOUSDT	0.02891	0.0100	get 0.0050% / 4h	30m 47s	$2.2M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.025%: −$2.45
Slippage, 4 orders: −$64.93
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$88.38
Costs to cover: 0.859%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 1 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	1.73 bp	21.7 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.73 bp	21.1 bp −$21	98.8 bp −$988	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
BloFin BIO-USDT	+0.0057%	4h	0.02891	0.000%	$264K	$10K	50x	as long as short
Kraken Futures PF_BIOUSD	+0.0060%	1h	0.02892	+0.030%	$11K	$6K	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02892	+0.021%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02890	−0.035%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02890	−0.035%	$19K	$96K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02888	−0.104%	$6.1M	$6.9M	50x	as long as short
Bybit BIOUSDTshort	+0.0100%	4h	0.02891	0.000%	$2.2M	$2.6M	50x
OKX BIO-USDT-SWAPlong	+0.0100%	4h	0.02891	long leg	$1.2M	$2.3M	20x
Gate BIO_USDT	+0.0100%	8h	0.02893	+0.069%	$1.5M	$276K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02889	−0.069%	$388K	$126K	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	0.02894	+0.104%	$559K	$119K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02890	−0.035%	$1.3M	$524K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02891	0.000%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02891	−0.011%	$33K	$71K	—	as long as short
Hyperliquid BIO	+0.0299%	1h	0.02896	+0.176%	$756K	$220K	3x	as long as short