Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Variational Omni+0.068%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.068% dearer against Variational Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BIO	0.02937	0.0100	pay 0.0050% / 4h	3h 09m	$34K	$68K	—
Short	Bybit BIOUSDT	0.02939	0.0100	get 0.0050% / 4h	3h 09m	$2.2M	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → 0.000%: $6.76
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$4.24
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.

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 Variational Omni no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	3.40 bp	22.2 bp −$22	107.6 bp −$1,076	doesn't fit	doesn't fit

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0221%	1h	0.02937	−0.006%	$11K	$6K	20x	as long as short
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02939	+0.068%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02939	+0.057%	$11K	$3K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02935	−0.060%	$21K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02936	−0.030%	$6.3M	$6.9M	50x	as long as short
Bybit BIOUSDTshort	+0.0100%	4h	0.02939	+0.068%	$2.2M	$2.5M	50x
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02936	−0.035%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02938	+0.034%	$1.5M	$286K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02935	−0.069%	$401K	$130K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02939	+0.068%	$569K	$117K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BIOUSDT	+0.0100%	4h	0.02937	−0.001%	$1.3M	$504K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02937	−0.001%	—	$1.4M	—	as long as short
Variational Omni BIOlong	+0.0100%	4h	0.02937	long leg	$34K	$68K	—
BloFin BIO-USDT	+0.0138%	4h	0.02932	−0.171%	$266K	$10K	50x	as long as short
Hyperliquid BIO	+0.0142%	1h	0.02941	+0.132%	$770K	$215K	3x	as long as short