BIO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0078%/8h= −8.6% APRnext payment −$0.39 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bybit−0.070%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$900.901% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days+0.090%+$9 · spread now −0.070%, 7d avg −0.028%

Together, before fees+0.044%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.042% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BIOUSDT	0.02859	0.0100	pay 0.0050% / 4h	2h 30m	$2.1M	$2.5M	50x
Short	OKX BIO-USDT-SWAP	0.02857	0.0022	get 0.0011% / 4h	2h 30m	$1.1M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$16.42
Price spread: −0.070% → −0.028%: −$4.19
Slippage, 4 orders: −$69.08
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$110.68
Costs to cover: 0.901%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago	3.50 bp	19.9 bp −$20	109.0 bp −$1,090	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	3.50 bp	27.6 bp −$28	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	−0.0574%	1h	0.02858	−0.042%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0008%	4h	0.02856	−0.116%	$21K	$101K	5x	as long as short
OKX BIO-USDT-SWAPshort	+0.0022%	4h	0.02857	−0.070%	$1.1M	$2.1M	20x
BloFin BIO-USDT	+0.0091%	4h	0.02855	−0.140%	$262K	$7K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02864	+0.168%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02857	−0.070%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02863	+0.147%	$746K	$215K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02858	−0.021%	$6.0M	$7.5M	50x	as long as short
Bybit BIOUSDTlong	+0.0100%	4h	0.02859	long leg	$2.1M	$2.5M	50x
Gate BIO_USDT	+0.0100%	8h	0.02858	−0.035%	$1.5M	$313K	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	0.02859	0.000%	$405K	$137K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02858	−0.035%	$554K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02859	0.000%	$1.3M	$546K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02857	−0.070%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02855	−0.155%	$30K	$68K	—	as long as short