BIO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0060%/8h= −6.5% APRnext payment −$0.30 per $10,000 · paid last 24h −0.015%

Price spread now: OKX against KuCoin−0.070%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$609as in the Funding arb table

Net, price: spread back to 7d avg − costs−$608as in the Price arb table

costs, in and out, $10k−$6066.058% of the position

Long on KuCoin Short on OKX

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)+0.033%+$3 · spread now −0.070%, 7d avg −0.050%

Together, before fees+0.003%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.020% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.050%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BIOUSDTM	0.02860	0.0100	pay 0.0050% / 4h	2h 24m	$556K	$118K	20x
Short	OKX BIO-USDT-SWAP	0.02858	0.0040	get 0.0020% / 4h	2h 24m	$1.1M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$12.54
Price spread: −0.070% → −0.050%: −$2.01
Slippage, 4 orders: −$583.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$620.3
Costs to cover: 6.058%
Break-even: never at this rate

Slippage from KuCoin: live order book, 34 min ago; OKX: live order book, 3 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, 34 min ago	8.66 bp	234.8 bp −$235	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.75 bp	28.2 bp −$28	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	−0.0573%	1h	0.02861	+0.040%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0005%	4h	0.02854	−0.222%	$21K	$101K	5x	as long as short
OKX BIO-USDT-SWAPshort	+0.0040%	4h	0.02858	−0.070%	$1.1M	$2.1M	20x
Lighter BIO	+0.0096%	1h	0.02861	+0.031%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02858	−0.070%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02860	+0.017%	$746K	$215K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02857	−0.105%	$6.0M	$7.6M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02857	−0.105%	$2.1M	$2.5M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02857	−0.105%	$1.5M	$317K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02856	−0.140%	$404K	$137K	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	0.02860	long leg	$556K	$118K	20x
Bitget BIOUSDT	+0.0100%	4h	0.02861	+0.035%	$1.3M	$550K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02856	−0.140%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02851	−0.331%	$30K	$68K	—	as long as short
BloFin BIO-USDT	+0.0121%	4h	0.02859	−0.035%	$262K	$7K	50x	as long as short