Funding arb · Price arb /

BIO

all BIO markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against Binance+0.138%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$670.672% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 7 days−0.157%−$16 · spread now +0.138%, 7d avg +0.069%

Together, before fees−0.132%−$13 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: Bybit is 0.069% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BIOUSDT	0.02901	0.0100	pay 0.0050% / 4h	50m 56s	$6.2M	$6.8M	50x
Short	Bybit BIOUSDT	0.02905	0.0100	get 0.0050% / 4h	50m 56s	$2.2M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.138%Rate

Funding earned: $0
Price spread: +0.138% → +0.069%: $6.85
Slippage, 4 orders: −$46.16
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$60.3
Costs to cover: 0.672%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Bybit: 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 Binance live order book, 3 min ago	1.72 bp	17.3 bp −$17	68.4 bp −$684	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.72 bp	21.2 bp −$21	92.7 bp −$927	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	+0.0060%	1h	0.02903	+0.068%	$11K	$6K	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02903	+0.072%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02901	0.000%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02903	+0.081%	$19K	$95K	5x	as long as short
Binance BIOUSDTlong	+0.0100%	4h	0.02901	long leg	$6.2M	$6.8M	50x
Bybit BIOUSDTshort	+0.0100%	4h	0.02905	+0.138%	$2.2M	$2.6M	50x
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02903	+0.069%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02904	+0.103%	$1.5M	$265K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02901	0.000%	$389K	$125K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02905	+0.138%	$561K	$119K	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	0.02902	+0.034%	$1.3M	$523K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02902	+0.034%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02901	−0.014%	$34K	$71K	—	as long as short
BloFin BIO-USDT	+0.0146%	4h	0.02902	+0.034%	$263K	$10K	50x	as long as short
Hyperliquid BIO	+0.0147%	1h	0.02906	+0.186%	$759K	$220K	3x	as long as short