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% APRpaid last 24h +0.015%

Price spread now: KuCoin against Gate+0.138%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$546as in the Funding arb table

Net, price: spread back to 7d avg − costs−$536as in the Price arb table

costs, in and out, $10k−$5495.493% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.150%−$15 · spread now +0.138%, 7d avg +0.009%

Together, before fees−0.120%−$12 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 0.129% dearer against Gate than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BIO_USDT	0.02893	0.0100	pay 0.0100% / 8h	1h 03m	$1.4M	$269K	50x
Short	KuCoin BIOUSDTM	0.02897	0.0100	get 0.0050% / 4h	1h 03m	$557K	$122K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now +0.138%Rate

Funding earned: $0
Price spread: +0.138% → +0.009%: $12.93
Slippage, 4 orders: −$522.35
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$536.42
Costs to cover: 5.493%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; KuCoin: live order book, 69 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 Gate live order book, 4 min ago	5.20 bp	61.3 bp −$61	21129.6 bp −$211.3K	doesn't fit	doesn't fit
Sell KuCoin live order book, 69 min ago	3.47 bp	286.7 bp −$287	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	+0.100%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02892	−0.035%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02892	−0.027%	$18K	$94K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02893	−0.004%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02894	+0.035%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02891	−0.069%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDTlong	+0.0100%	8h	0.02893	long leg	$1.4M	$269K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02893	0.000%	$388K	$128K	20x	as long as short
KuCoin BIOUSDTMshort	+0.0100%	4h	0.02897	+0.138%	$557K	$122K	20x
Bitget BIOUSDT	+0.0100%	4h	0.02893	0.000%	$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	0.000%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02888	−0.186%	$33K	$71K	—	as long as short
BloFin BIO-USDT	+0.0157%	4h	0.02886	−0.242%	$263K	$9K	50x	as long as short
Kraken Futures PF_BIOUSD	+0.0168%	1h	0.02894	+0.035%	$11K	$6K	20x	as long as short
Hyperliquid BIO	+0.0473%	1h	0.02898	+0.173%	$757K	$220K	3x	as long as short