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: BingX against KuCoin−0.102%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$545as in the Funding arb table

Net, price: spread back to 7d avg − costs−$552as in the Price arb table

costs, in and out, $10k−$5465.461% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.102%, 7d avg −0.043%

Together, before fees+0.073%+$7 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: BingX is 0.060% cheaper against KuCoin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BIOUSDTM	0.02929	0.0100	pay 0.0050% / 4h	3h 26m	$565K	$117K	20x
Short	BingX BIO-USDT	0.02926	0.0100	get 0.0050% / 4h	3h 26m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.102%Rate

Funding earned: $0
Price spread: −0.102% → −0.043%: −$5.96
Slippage, 4 orders: −$524.07
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$552.03
Costs to cover: 5.461%
Break-even: never at this rate

Slippage from KuCoin: live order book, 26 min ago; BingX: live order book, 4 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, 26 min ago	6.84 bp	200.5 bp −$200	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	5.14 bp	20.1 bp −$20	59.5 bp −$595	556.8 bp −$55.7K	907.4 bp −$453.7K

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	−0.0222%	1h	0.02924	−0.177%	$11K	$6K	20x	as long as short
Orderly PERP_BIO_USDC	+0.0093%	4h	0.02928	−0.034%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02924	−0.171%	$11K	$3K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02932	+0.092%	$768K	$215K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02923	−0.206%	$21K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02928	−0.034%	$6.2M	$6.9M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02931	+0.068%	$2.2M	$2.5M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02928	−0.034%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02926	−0.102%	$1.5M	$278K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02927	−0.068%	$400K	$129K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTMlong	+0.0100%	4h	0.02929	long leg	$565K	$117K	20x
Bitget BIOUSDT	+0.0100%	4h	0.02930	+0.034%	$1.3M	$508K	50x	as long as short
BingX BIO-USDTshort	+0.0100%	4h	0.02926	−0.102%	—	$1.4M	—
Variational Omni BIO	+0.0100%	4h	0.02933	+0.120%	$34K	$68K	—	as long as short
BloFin BIO-USDT	+0.0119%	4h	0.02921	−0.273%	$265K	$10K	50x	as long as short