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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: KuCoin against BingX+0.104%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$589as in the Funding arb table

Net, price: spread back to 7d avg − costs−$582as in the Price arb table

costs, in and out, $10k−$5885.879% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.104%, 7d avg +0.049%

Together, before fees−0.064%−$6 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 0.055% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BIO-USDT	0.02884	0.0100	pay 0.0050% / 4h	1h 50m	—	$1.3M	—
Short	KuCoin BIOUSDTM	0.02887	0.0100	get 0.0050% / 4h	1h 50m	$561K	$118K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now +0.104%Rate

Funding earned: $0
Price spread: +0.104% → +0.049%: $5.54
Slippage, 4 orders: −$565.95
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$582.41
Costs to cover: 5.879%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; KuCoin: live order book, 69 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 BingX live order book, 11 min ago	3.45 bp	16.9 bp −$17	50.4 bp −$504	571.6 bp −$57.2K	doesn't fit
Sell KuCoin live order book, 69 min ago	8.66 bp	320.2 bp −$320	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	−0.0538%	1h	0.02887	+0.099%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0046%	4h	0.02876	−0.277%	$263K	$7K	50x	as long as short
Aster BIOUSDT	+0.0067%	4h	0.02885	+0.047%	$21K	$102K	5x	as long as short
Lighter BIO	+0.0096%	1h	0.02891	+0.260%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0100%	4h	0.02885	+0.035%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02890	+0.201%	$754K	$216K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02885	+0.045%	$6.1M	$7.7M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02886	+0.069%	$2.1M	$2.5M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02884	0.000%	$1.1M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02885	+0.035%	$1.5M	$318K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BIO_USDT	+0.0100%	4h	0.02885	+0.035%	$403K	$137K	20x	as long as short
KuCoin BIOUSDTMshort	+0.0100%	4h	0.02887	+0.104%	$561K	$118K	20x
Bitget BIOUSDT	+0.0100%	4h	0.02886	+0.069%	$1.3M	$559K	50x	as long as short
BingX BIO-USDTlong	+0.0100%	4h	0.02884	long leg	—	$1.3M	—
Variational Omni BIO	+0.0100%	4h	0.02881	−0.103%	$30K	$68K	—	as long as short