Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0122%/8hpaid last 24h +0.008%

Price spread now: KuCoin against Gate+0.139%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$705as in the Funding arb table

Net, price: spread back to 7d avg − costs−$694as in the Price arb table

costs, in and out, $10k−$7077.070% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 3 days (all we have)−0.145%−$14 · spread now +0.139%, 7d avg +0.007%

Together, before fees−0.121%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and KuCoin is 0.132% dearer against Gate than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BIO_USDT	0.02885	0.0100	pay 0.0100% / 8h	4h 05m	$1.4M	$258K	50x
Short	KuCoin BIOUSDTM	0.02889	0.0222	get 0.0111% / 4h	5m 20s	$549K	$127K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now +0.139%Rate

Funding earned: $25.62
Price spread: +0.139% → +0.007%: $13.2
Slippage, 4 orders: −$680
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$668.18
Costs to cover: 7.070%
Break-even: 189.6 days

Slippage from Gate: live order book, 1 min ago; KuCoin: live order book, 21 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 Gate live order book, 1 min ago	8.66 bp	55.4 bp −$55	15721.1 bp −$157.2K	doesn't fit	doesn't fit
Sell KuCoin live order book, 21 min ago	12.10 bp	382.3 bp −$382	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	−0.0777%	1h	0.02886	+0.039%	$11K	$9K	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02888	+0.118%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02884	−0.035%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02887	+0.083%	$758K	$214K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02885	+0.006%	$29K	$85K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02883	−0.079%	$6.1M	$6.6M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02884	−0.035%	$2.3M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02882	−0.104%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDTlong	+0.0100%	8h	0.02885	long leg	$1.4M	$258K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02883	−0.069%	$382K	$128K	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	0.02884	−0.035%	$1.2M	$508K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02884	−0.035%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02888	+0.103%	$40K	$64K	—	as long as short
BloFin BIO-USDT	+0.0124%	4h	0.02884	−0.035%	$266K	$13K	50x	as long as short
KuCoin BIOUSDTMshort	+0.0222%	4h	0.02889	+0.139%	$549K	$127K	20x