BIO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0046%/8h= +5.1% APRnext payment +$0.23 per $10,000 · paid last 24h −0.019%

Price spread now: BloFin against KuCoin−0.138%7-day average −0.092% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$549as in the Price arb table

costs, in and out, $10k−$5445.444% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now −0.138%, 7d avg −0.092%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.046% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.138% now, against its 7-day average of −0.092%). If the spread goes back, that is −$5 on $10k: about 3.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BIOUSDTM	0.02908	0.0100	pay 0.0050% / 4h	3h 16m	$561K	$117K	20x
Short	BloFin BIO-USDT	0.02904	0.0146	get 0.0073% / 4h	3h 16m	$264K	$7K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.138%Rate

Funding earned: $9.71
Price spread: −0.138% → −0.092%: −$4.6
Slippage, 4 orders: −$520.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$539.28
Costs to cover: 5.444%
Break-even: 395.8 days

Slippage from KuCoin: live order book, 57 min ago; BloFin: live order book, 5 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, 57 min ago	8.61 bp	159.8 bp −$160	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	6.89 bp	18.8 bp −$19	45.6 bp −$456	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	−0.0460%	1h	0.02908	+0.009%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0025%	4h	0.02905	−0.119%	$21K	$102K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0044%	4h	0.02904	−0.138%	$1.2M	$2.2M	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02910	+0.083%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02908	0.000%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02910	+0.055%	$758K	$217K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02904	−0.138%	$6.1M	$7.4M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02906	−0.069%	$2.2M	$2.5M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02907	−0.034%	$1.5M	$311K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02904	−0.138%	$407K	$138K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTMlong	+0.0100%	4h	0.02908	long leg	$561K	$117K	20x
Bitget BIOUSDT	+0.0100%	4h	0.02906	−0.069%	$1.3M	$546K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02906	−0.069%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02902	−0.189%	$34K	$65K	—	as long as short
BloFin BIO-USDTshort	+0.0146%	4h	0.02904	−0.138%	$264K	$7K	50x