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% APRpaid last 24h −0.015%

Price spread now: Gate against KuCoin−0.070%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$633as in the Funding arb table

Net, price: spread back to 7d avg − costs−$636as in the Price arb table

costs, in and out, $10k−$6306.305% of the position

Long on KuCoin Short on Gate

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)+0.076%+$8 · spread now −0.070%, 7d avg −0.011%

Together, before fees+0.045%+$5 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: Gate is 0.058% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BIOUSDTM	0.02875	0.0100	pay 0.0050% / 4h	12m 27s	$544K	$119K	20x
Short	Gate BIO_USDT	0.02873	0.0100	get 0.0100% / 8h	12m 27s	$1.5M	$340K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → −0.011%: −$5.81
Slippage, 4 orders: −$603.46
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$636.26
Costs to cover: 6.305%
Break-even: never at this rate

Slippage from KuCoin: live order book, 22 min ago; Gate: 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, 22 min ago	5.21 bp	200.2 bp −$200	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	5.22 bp	57.9 bp −$58	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
Kraken Futures PF_BIOUSD	−0.0896%	1h	0.02875	−0.017%	$11K	$6K	20x	as long as short
OKX BIO-USDT-SWAP	+0.0057%	4h	0.02873	−0.070%	$1.1M	$2.1M	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02880	+0.157%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02875	0.000%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02873	−0.067%	$21K	$101K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02874	−0.048%	$6.1M	$7.6M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02874	−0.035%	$2.1M	$2.4M	50x	as long as short
Gate BIO_USDTshort	+0.0100%	8h	0.02873	−0.070%	$1.5M	$340K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02874	−0.035%	$408K	$140K	20x	as long as short
KuCoin BIOUSDTMlong	+0.0100%	4h	0.02875	long leg	$544K	$119K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BIOUSDT	+0.0100%	4h	0.02874	−0.035%	$1.3M	$558K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02873	−0.070%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02871	−0.137%	$30K	$68K	—	as long as short
BloFin BIO-USDT	+0.0110%	4h	0.02874	−0.035%	$261K	$7K	50x	as long as short
Hyperliquid BIO	+0.0342%	1h	0.02879	+0.129%	$751K	$210K	3x	as long as short