Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit−0.380%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.380% cheaper against Bybit than usual: you would sell low and buy high, −$38 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BIOUSDT	0.02908	0.0100	pay 0.0050% / 4h	1h 31m	$2.2M	$2.6M	50x
Short	Variational Omni BIO	0.02897	0.0100	get 0.0050% / 4h	1h 31m	$33K	$66K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.380%Rate

Funding earned: $0
Price spread: −0.380% → 0.000%: −$38.05
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$49.05
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 1 min ago	1.72 bp	19.6 bp −$20	119.1 bp −$1,191	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0631%	1h	0.02901	−0.242%	$11K	$6K	20x	as long as short
Aster BIOUSDT	+0.0035%	4h	0.02906	−0.061%	$22K	$103K	5x	as long as short
BloFin BIO-USDT	+0.0089%	4h	0.02904	−0.138%	$265K	$7K	50x	as long as short
Orderly PERP_BIO_USDC	+0.0093%	4h	0.02907	−0.034%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02907	−0.052%	$15K	$7K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02910	+0.086%	$758K	$220K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02907	−0.041%	$6.2M	$7.2M	50x	as long as short
Bybit BIOUSDTlong	+0.0100%	4h	0.02908	long leg	$2.2M	$2.6M	50x
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02904	−0.138%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02906	−0.069%	$1.5M	$288K	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	0.02907	−0.034%	$409K	$132K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02906	−0.069%	$569K	$119K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02908	0.000%	$1.3M	$544K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02906	−0.069%	—	$1.4M	—	as long as short
Variational Omni BIOshort	+0.0100%	4h	0.02897	−0.380%	$33K	$66K	—