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: Binance against Bybit−0.104%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$660.660% of the position

Long on Bybit Short on Binance

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+0.117%+$12 · spread now −0.104%, 7d avg −0.069%

Together, before fees+0.092%+$9 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: Binance is 0.035% cheaper against Bybit than usual: you would sell low and buy high, −$4 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	Bybit BIOUSDT	0.02880	0.0100	pay 0.0050% / 4h	1h 27m	$2.2M	$2.6M	50x
Short	Binance BIOUSDT	0.02877	0.0100	get 0.0050% / 4h	1h 27m	$6.1M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → −0.069%: −$3.52
Slippage, 4 orders: −$44.98
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$69.51
Costs to cover: 0.660%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Binance: live order book, 12 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 Bybit live order book, 5 min ago	3.47 bp	16.4 bp −$16	110.6 bp −$1,106	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	1.73 bp	16.2 bp −$16	61.3 bp −$613	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
BloFin BIO-USDT	+0.0084%	4h	0.02879	−0.035%	$263K	$9K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02882	+0.076%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02878	−0.069%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02877	−0.112%	$18K	$94K	5x	as long as short
Binance BIOUSDTshort	+0.0100%	4h	0.02877	−0.104%	$6.1M	$6.8M	50x
Bybit BIOUSDTlong	+0.0100%	4h	0.02880	long leg	$2.2M	$2.6M	50x
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02879	−0.035%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02880	0.000%	$1.4M	$266K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02878	−0.069%	$385K	$127K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02881	+0.035%	$554K	$124K	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	0.02878	−0.069%	$1.3M	$528K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02877	−0.104%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02876	−0.134%	$33K	$71K	—	as long as short
Kraken Futures PF_BIOUSD	+0.0169%	1h	0.02881	+0.023%	$11K	$6K	20x	as long as short
Hyperliquid BIO	+0.0473%	1h	0.02885	+0.167%	$751K	$219K	3x	as long as short