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 −0.015%

Price spread now: Binance against KuCoin−0.147%7-day average −0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$445as in the Funding arb table

Net, price: spread back to 7d avg − costs−$450as in the Price arb table

costs, in and out, $10k−$4444.442% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.005%$0 · spread now −0.147%, 7d avg −0.094%

Together, before fees−0.015%−$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 0.054% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BIOUSDTM	0.02899	0.0100	pay 0.0050% / 4h	15m 34s	$559K	$117K	20x
Short	Binance BIOUSDT	0.02895	0.0100	get 0.0050% / 4h	15m 34s	$6.1M	$7.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against KuCoin. 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 KuCoinbpFee BinancebpOrdersPrice spread, now −0.147%Rate

Funding earned: $0
Price spread: −0.147% → −0.094%: −$5.35
Slippage, 4 orders: −$422.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$449.53
Costs to cover: 4.442%
Break-even: never at this rate

Slippage from KuCoin: live order book, 68 min ago; Binance: live order book, 8 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 KuCoin live order book, 68 min ago	8.57 bp	121.6 bp −$122	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	1.73 bp	15.8 bp −$16	55.5 bp −$555	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	−0.1154%	1h	0.02897	−0.052%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0043%	4h	0.02894	−0.188%	$21K	$105K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0075%	4h	0.02895	−0.138%	$1.2M	$2.2M	20x	as long as short
BloFin BIO-USDT	+0.0091%	4h	0.02896	−0.103%	$230K	$7K	50x	as long as short
Orderly PERP_BIO_USDC	+0.0095%	4h	0.02895	−0.138%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02901	+0.076%	$15K	$7K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02899	0.000%	$756K	$223K	3x	as long as short
Binance BIOUSDTshort	+0.0100%	4h	0.02895	−0.147%	$6.1M	$7.5M	50x
Bybit BIOUSDT	+0.0100%	4h	0.02896	−0.103%	$2.2M	$2.6M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02898	−0.034%	$1.5M	$315K	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	0.02894	−0.172%	$408K	$135K	20x	as long as short
KuCoin BIOUSDTMlong	+0.0100%	4h	0.02899	long leg	$559K	$117K	20x
Bitget BIOUSDT	+0.0100%	4h	0.02895	−0.138%	$1.3M	$554K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02895	−0.138%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02896	−0.104%	$33K	$66K	—	as long as short