BIO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.17 per $10,000 · paid last 24h −0.020%

Price spread now: BloFin against KuCoin−0.310%50s7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$710as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$7097.088% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 3 days (all we have)−0.200%−$20 · spread now −0.310%, 7d avg −0.068%

Together, before fees−0.214%−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.242% cheaper against KuCoin than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.068%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BIOUSDTM	0.02903	0.0108	pay 0.0054% / 4h	3h 30m	$554K	$128K	20x
Short	BloFin BIO-USDT	0.02894	0.0075	get 0.0037% / 4h	3h 30m	$262K	$13K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.310%Rate

Funding earned: −$6.94
Price spread: −0.310% → −0.068%: −$24.24
Slippage, 4 orders: −$684.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$739.93
Costs to cover: 7.088%
Break-even: never at this rate

Slippage from KuCoin: live order book, 12 min ago; BloFin: live order book, 14 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, 12 min ago	10.44 bp	168.5 bp −$168	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 14 min ago	1.74 bp	15.8 bp −$16	41.7 bp −$417	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	−0.0818%	1h	0.02901	−0.072%	$11K	$9K	20x	as long as short
BloFin BIO-USDTshort	+0.0075%	4h	0.02894	−0.310%	$262K	$13K	50x
Lighter BIO	+0.0096%	1h	0.02901	−0.059%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02898	−0.172%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02903	−0.003%	$761K	$218K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02899	−0.138%	$20K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02897	−0.200%	$6.2M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02900	−0.103%	$2.3M	$2.7M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02898	−0.172%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02901	−0.069%	$1.5M	$265K	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	0.02899	−0.138%	$387K	$127K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02898	−0.172%	$1.3M	$530K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02898	−0.172%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02898	−0.174%	$40K	$63K	—	as long as short
KuCoin BIOUSDTMlong	+0.0108%	4h	0.02903	long leg	$554K	$128K	20x