Funding you earn now, next payment 04:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.001%
Price spread now: Bybit against Orderly0.000%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BIO_USDC | 0.02913 | 0.0094 | pay 0.0047% / 4h | 2h 31m | $13K | — | 10x |
| Short | Bybit BIOUSDT | 0.02913 | 0.0100 | get 0.0050% / 4h | 2h 31m | $2.2M | $2.6M | 50x |
Orderly PERP_BIO_USDC
Bybit BIOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $1.35
- Price spread: 0.000% → 0.000%
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$15.65
- Costs to cover
- 0.170%
- Break-even
- 88.0 days
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 5 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 5 min ago | 1.72 bp | 21.9 bp −$22 | 116.9 bp −$1,169 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
BIO on 14 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 | −0.0537% | 1h | 0.02913 | +0.012% | $11K | $6K | 20x | as long as short |
| Orderly PERP_BIO_USDClong | +0.0094% | 4h | 0.02913 | long leg | $13K | — | 10x | |
| Lighter BIO | +0.0096% | 1h | 0.02913 | 0.000% | $15K | $7K | 3x | as long as short |
| Aster BIOUSDT | +0.0100% | 4h | 0.02912 | −0.033% | $20K | $99K | 5x | as long as short |
| Binance BIOUSDT | +0.0100% | 4h | 0.02912 | −0.034% | $6.2M | $7.2M | 50x | as long as short |
| Bybit BIOUSDTshort | +0.0100% | 4h | 0.02913 | 0.000% | $2.2M | $2.6M | 50x | |
| OKX BIO-USDT-SWAP | +0.0100% | 4h | 0.02912 | −0.034% | $1.2M | $2.2M | 20x | as long as short |
| Gate BIO_USDT | +0.0100% | 8h | 0.02915 | +0.069% | $1.5M | $301K | 50x | as long as short |
| MEXC BIO_USDT | +0.0100% | 4h | 0.02912 | −0.034% | $401K | $129K | 20x | as long as short |
| KuCoin BIOUSDTM | +0.0100% | 4h | 0.02916 | +0.103% | $565K | $117K | 20x | as long as short |
Kraken Futures PF_BIOUSD
Lighter BIO
Aster BIOUSDT
Binance BIOUSDT
OKX BIO-USDT-SWAP
Gate BIO_USDT
MEXC BIO_USDT
KuCoin BIOUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BIOUSDT | +0.0100% | 4h | 0.02912 | −0.034% | $1.3M | $524K | 50x | as long as short |
| BingX BIO-USDT | +0.0100% | 4h | 0.02912 | −0.034% | — | $1.4M | — | as long as short |
| Variational Omni BIO | +0.0100% | 4h | 0.02906 | −0.239% | $34K | $65K | — | as long as short |
| Hyperliquid BIO | +0.0184% | 1h | 0.02914 | +0.038% | $761K | $218K | 3x | as long as short |
Bitget BIOUSDT
BingX BIO-USDT
Variational Omni BIO
Hyperliquid BIO