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: OKX against Bybit−0.104%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$870.868% of the position

Long on Bybit Short on OKX

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+0.117%+$12 · spread now −0.104%, 7d avg −0.024%

Together, before fees+0.071%+$7 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: OKX is 0.080% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BIOUSDT	0.02894	0.0100	pay 0.0050% / 4h	1h 03m	$2.2M	$2.6M	50x
Short	OKX BIO-USDT-SWAP	0.02891	0.0100	get 0.0050% / 4h	1h 03m	$1.2M	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → −0.024%: −$7.96
Slippage, 4 orders: −$65.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$94.77
Costs to cover: 0.868%
Break-even: never at this rate

Slippage from Bybit: live order book, 9 min ago; OKX: live order book, 3 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, 9 min ago	1.73 bp	17.4 bp −$17	107.9 bp −$1,079	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	3.47 bp	23.7 bp −$24	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
Lighter BIO	+0.0096%	1h	0.02896	+0.066%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02892	−0.069%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02892	−0.062%	$18K	$94K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02893	−0.038%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDTlong	+0.0100%	4h	0.02894	long leg	$2.2M	$2.6M	50x
OKX BIO-USDT-SWAPshort	+0.0100%	4h	0.02891	−0.104%	$1.2M	$2.3M	20x
Gate BIO_USDT	+0.0100%	8h	0.02893	−0.035%	$1.4M	$269K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02893	−0.035%	$388K	$128K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02897	+0.104%	$557K	$122K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02893	−0.035%	$1.3M	$528K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BIO-USDT	+0.0100%	4h	0.02893	−0.035%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02888	−0.221%	$33K	$71K	—	as long as short
BloFin BIO-USDT	+0.0157%	4h	0.02886	−0.276%	$263K	$9K	50x	as long as short
Kraken Futures PF_BIOUSD	+0.0168%	1h	0.02894	0.000%	$11K	$6K	20x	as long as short
Hyperliquid BIO	+0.0473%	1h	0.02898	+0.138%	$757K	$220K	3x	as long as short