Funding arb · Price arb /

BIO

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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 +0.015%

Price spread now: KuCoin against Bitget+0.105%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$499as in the Funding arb table

Net, price: spread back to 7d avg − costs−$495as in the Price arb table

costs, in and out, $10k−$4984.976% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now +0.105%, 7d avg +0.082%

Together, before fees−0.010%−$1 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 0.023% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BIOUSDT	0.02865	0.0100	pay 0.0050% / 4h	2h 03m	$1.3M	$534K	50x
Short	KuCoin BIOUSDTM	0.02868	0.0100	get 0.0050% / 4h	2h 03m	$546K	$123K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now +0.105%Rate

Funding earned: $0
Price spread: +0.105% → +0.082%: $2.32
Slippage, 4 orders: −$473.57
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$495.25
Costs to cover: 4.976%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; KuCoin: live order book, 9 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 Bitget live order book, 3 min ago	6.99 bp	33.8 bp −$34	85.6 bp −$856	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	3.47 bp	286.7 bp −$287	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	−0.0670%	1h	0.02866	+0.047%	$11K	$6K	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02867	+0.084%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02864	−0.035%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02865	−0.013%	$19K	$93K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02864	−0.035%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02865	0.000%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02865	0.000%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02864	−0.035%	$1.4M	$266K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02864	−0.035%	$381K	$129K	20x	as long as short
KuCoin BIOUSDTMshort	+0.0100%	4h	0.02868	+0.105%	$546K	$123K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BIOUSDTlong	+0.0100%	4h	0.02865	long leg	$1.3M	$534K	50x
BingX BIO-USDT	+0.0100%	4h	0.02864	−0.035%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02864	−0.022%	$33K	$71K	—	as long as short
BloFin BIO-USDT	+0.0154%	4h	0.02864	−0.035%	$262K	$9K	50x	as long as short
Hyperliquid BIO	+0.0674%	1h	0.02871	+0.192%	$751K	$217K	3x	as long as short