BIO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.04 per $10,000 · paid last 24h +0.015%

Price spread now: KuCoin against Bybit+0.103%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$716as in the Funding arb table

Net, price: spread back to 7d avg − costs−$700as in the Price arb table

costs, in and out, $10k−$7147.142% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.103%, 7d avg −0.034%

Together, before fees−0.082%−$8 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: KuCoin is 0.138% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BIOUSDT	0.02900	0.0100	pay 0.0050% / 4h	3h 30m	$2.3M	$2.7M	50x
Short	KuCoin BIOUSDTM	0.02903	0.0108	get 0.0054% / 4h	3h 30m	$554K	$128K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.103%Rate

Funding earned: $1.68
Price spread: +0.103% → −0.034%: $13.78
Slippage, 4 orders: −$691.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$698.71
Costs to cover: 7.142%
Break-even: 2918.3 days

Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 12 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 Bybit live order book, 2 min ago	5.18 bp	18.3 bp −$18	105.3 bp −$1,053	doesn't fit	doesn't fit
Sell KuCoin live order book, 12 min ago	10.44 bp	508.7 bp −$509	doesn't fit	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	−0.0818%	1h	0.02901	+0.032%	$11K	$9K	20x	as long as short
BloFin BIO-USDT	+0.0075%	4h	0.02894	−0.207%	$262K	$13K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02901	+0.045%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02898	−0.069%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02903	+0.100%	$761K	$218K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02899	−0.035%	$20K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02897	−0.097%	$6.2M	$6.8M	50x	as long as short
Bybit BIOUSDTlong	+0.0100%	4h	0.02900	long leg	$2.3M	$2.7M	50x
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02898	−0.069%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02901	+0.034%	$1.5M	$265K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BIO_USDT	+0.0100%	4h	0.02899	−0.034%	$387K	$127K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02898	−0.069%	$1.3M	$530K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02898	−0.069%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02898	−0.070%	$40K	$63K	—	as long as short
KuCoin BIOUSDTMshort	+0.0108%	4h	0.02903	+0.103%	$554K	$128K	20x