Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit−0.086%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.086% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BIOUSDT	0.02915	0.0100	pay 0.0050% / 4h	2h 04m	$2.2M	$2.6M	50x
Short	Variational Omni BIO	0.02912	0.0100	get 0.0050% / 4h	2h 04m	$34K	$65K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.086%Rate

Funding earned: $0
Price spread: −0.086% → 0.000%: −$8.61
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.61
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Variational Omni: no order-book sample. 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 Bybit live order book, 3 min ago	3.43 bp	21.7 bp −$22	119.7 bp −$1,197	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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	−0.0538%	1h	0.02911	−0.132%	$11K	$6K	20x	as long as short
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02910	−0.172%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02916	+0.034%	$15K	$7K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02917	+0.072%	$761K	$216K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02912	−0.106%	$20K	$99K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02912	−0.102%	$6.2M	$7.2M	50x	as long as short
Bybit BIOUSDTlong	+0.0100%	4h	0.02915	long leg	$2.2M	$2.6M	50x
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02912	−0.103%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02915	0.000%	$1.5M	$306K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02913	−0.069%	$402K	$130K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTM	+0.0100%	4h	0.02917	+0.069%	$565K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02914	−0.034%	$1.3M	$523K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02914	−0.034%	—	$1.4M	—	as long as short
Variational Omni BIOshort	+0.0100%	4h	0.02912	−0.086%	$34K	$65K	—