BIO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.09 per $10,000 · paid last 24h −0.003%

Price spread now: BloFin against Bybit+0.140%7-day average −0.114% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$720.724% of the position

Long on Bybit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.686%−$69 · spread now +0.140%, 7d avg −0.114%

Together, before fees−0.714%−$71 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.254% dearer against Bybit than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BIOUSDT	0.02863	0.0100	pay 0.0050% / 4h	3h 33m	$2.1M	$2.4M	50x
Short	BloFin BIO-USDT	0.02867	0.0119	get 0.0059% / 4h	3h 33m	$262K	$7K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.140%Rate

Funding earned: $3.93
Price spread: +0.140% → −0.114%: $25.36
Slippage, 4 orders: −$49.42
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$43.13
Costs to cover: 0.724%
Break-even: 83.7 days

Slippage from Bybit: live order book, 4 min ago; BloFin: live order book, 33 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, 4 min ago	3.48 bp	17.3 bp −$17	103.2 bp −$1,032	doesn't fit	doesn't fit
Sell BloFin live order book, 33 min ago	1.74 bp	16.9 bp −$17	33.4 bp −$334	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	−0.0686%	1h	0.02865	+0.076%	$11K	$6K	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02871	+0.265%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02863	0.000%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02868	+0.192%	$749K	$199K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02866	+0.107%	$21K	$101K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02861	−0.068%	$6.0M	$7.6M	50x	as long as short
Bybit BIOUSDTlong	+0.0100%	4h	0.02863	long leg	$2.1M	$2.4M	50x
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02861	−0.070%	$1.1M	$2.1M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02871	+0.279%	$1.5M	$339K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02862	−0.035%	$408K	$139K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTM	+0.0100%	4h	0.02868	+0.175%	$545K	$119K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02868	+0.175%	$1.3M	$563K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02868	+0.175%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02873	+0.333%	$30K	$68K	—	as long as short
BloFin BIO-USDTshort	+0.0119%	4h	0.02867	+0.140%	$262K	$7K	50x