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 +0.015%

Price spread now: KuCoin against Binance+0.397%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$540as in the Funding arb table

Net, price: spread back to 7d avg − costs−$510as in the Price arb table

costs, in and out, $10k−$5415.409% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.292%−$29 · spread now +0.397%, 7d avg +0.091%

Together, before fees−0.282%−$28 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: KuCoin is 0.306% dearer against Binance than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of +0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BIOUSDT	0.02919	0.0100	pay 0.0050% / 4h	3h 03m	$6.2M	$6.9M	50x
Short	KuCoin BIOUSDTM	0.02931	0.0100	get 0.0050% / 4h	3h 03m	$567K	$117K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.397%Rate

Funding earned: $0
Price spread: +0.397% → +0.091%: $30.65
Slippage, 4 orders: −$518.9
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$510.25
Costs to cover: 5.409%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; KuCoin: live order book, 49 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, 5 min ago	1.71 bp	14.0 bp −$14	53.2 bp −$532	doesn't fit	doesn't fit
Sell KuCoin live order book, 49 min ago	6.84 bp	308.2 bp −$308	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	−0.0222%	1h	0.02931	+0.413%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0052%	4h	0.02930	+0.363%	$268K	$10K	50x	as long as short
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02934	+0.500%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02933	+0.483%	$11K	$3K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02929	+0.324%	$21K	$95K	5x	as long as short
Binance BIOUSDTlong	+0.0100%	4h	0.02919	long leg	$6.2M	$6.9M	50x
Bybit BIOUSDT	+0.0100%	4h	0.02922	+0.089%	$2.2M	$2.5M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02918	−0.048%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02930	+0.363%	$1.5M	$286K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02926	+0.226%	$403K	$130K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTMshort	+0.0100%	4h	0.02931	+0.397%	$567K	$117K	20x
Bitget BIOUSDT	+0.0100%	4h	0.02928	+0.295%	$1.3M	$503K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02927	+0.260%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02928	+0.310%	$34K	$68K	—	as long as short
Hyperliquid BIO	+0.0154%	1h	0.02934	+0.486%	$768K	$214K	3x	as long as short