Funding arb · Price arb /

BIO

all BIO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.076%

Price spread now: Binance against Hyperliquid−0.214%7-day average −0.181% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$630.631% of the position

Long on Hyperliquid Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 4 days (all we have)+0.105%+$11 · spread now −0.214%, 7d avg −0.181%

Together, before fees+0.024%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 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 0.033% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.181%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BIO	0.02902	0.0100	pay 0.0013% / 1h	10m 43s	$756K	$219K	3x
Short	Binance BIOUSDT	0.02895	0.0100	get 0.0050% / 4h	3h 10m	$6.1M	$7.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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 HyperliquidbpFee BinancebpOrdersPrice spread, now −0.214%Rate

Funding earned: $0
Price spread: −0.214% → −0.181%: −$3.35
Slippage, 4 orders: −$44.06
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$66.41
Costs to cover: 0.631%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Binance: live order book, 13 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 Hyperliquid live order book, 9 min ago	0.69 bp	15.8 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.72 bp	17.6 bp −$18	60.2 bp −$602	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	−0.0462%	1h	0.02899	−0.100%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0021%	4h	0.02897	−0.159%	$22K	$102K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0040%	4h	0.02896	−0.193%	$1.2M	$2.2M	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02904	+0.072%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02897	−0.159%	$13K	—	10x	as long as short
Hyperliquid BIOlong	+0.0100%	1h	0.02902	long leg	$756K	$219K	3x
Binance BIOUSDTshort	+0.0100%	4h	0.02895	−0.214%	$6.1M	$7.4M	50x
Bybit BIOUSDT	+0.0100%	4h	0.02899	−0.090%	$2.2M	$2.5M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02901	−0.021%	$1.5M	$321K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02896	−0.193%	$407K	$138K	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	0.02901	−0.021%	$560K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02897	−0.159%	$1.3M	$545K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02898	−0.124%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02898	−0.108%	$34K	$65K	—	as long as short
BloFin BIO-USDT	+0.0104%	4h	0.02895	−0.227%	$230K	$7K	50x	as long as short