Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: Bitget against KuCoin−0.035%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$603as in the Funding arb table

Net, price: spread back to 7d avg − costs−$599as in the Price arb table

costs, in and out, $10k−$6056.047% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now −0.035%, 7d avg −0.088%

Together, before fees−0.061%−$6 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: Bitget is 0.053% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BIOUSDTM	0.02887	0.0100	pay 0.0050% / 4h	1h 50m	$561K	$118K	20x
Short	Bitget BIOUSDT	0.02886	0.0100	get 0.0050% / 4h	1h 50m	$1.3M	$559K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → −0.088%: $5.32
Slippage, 4 orders: −$580.66
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$599.33
Costs to cover: 6.047%
Break-even: never at this rate

Slippage from KuCoin: live order book, 68 min ago; Bitget: live order book, 1 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 KuCoin live order book, 68 min ago	8.66 bp	234.8 bp −$235	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	5.20 bp	26.9 bp −$27	72.8 bp −$728	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	−0.0539%	1h	0.02881	−0.191%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0046%	4h	0.02876	−0.381%	$263K	$7K	50x	as long as short
Aster BIOUSDT	+0.0067%	4h	0.02885	−0.083%	$21K	$102K	5x	as long as short
Lighter BIO	+0.0096%	1h	0.02890	+0.107%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0100%	4h	0.02880	−0.242%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02890	+0.097%	$754K	$216K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02885	−0.081%	$6.1M	$7.7M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02885	−0.069%	$2.1M	$2.5M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02883	−0.139%	$1.1M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02885	−0.069%	$1.5M	$318K	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	0.02885	−0.069%	$403K	$137K	20x	as long as short
KuCoin BIOUSDTMlong	+0.0100%	4h	0.02887	long leg	$561K	$118K	20x
Bitget BIOUSDTshort	+0.0100%	4h	0.02886	−0.035%	$1.3M	$559K	50x
BingX BIO-USDT	+0.0100%	4h	0.02884	−0.104%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02881	−0.207%	$30K	$68K	—	as long as short