Funding arb · Price arb /

BIO

all BIO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0595%/8h= +65.2% APRpaid last 24h +0.048%

Price spread now: Hyperliquid against KuCoin+0.101%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$463as in the Funding arb table

Net, price: spread back to 7d avg − costs−$468as in the Price arb table

costs, in and out, $10k−$4694.691% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.101%, 7d avg +0.090%

Together, before fees−0.058%+ Points / potential airdropHyperliquid: Season 2 · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.090%, so right now this pair is about funding alone: +$18 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BIOUSDTM	0.02878	0.0100	pay 0.0050% / 4h	2h 09m	$548K	$123K	20x
Short	Hyperliquid BIO	0.02881	0.0695	get 0.0087% / 1h	9m 20s	$754K	$217K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.101%Rate

Funding earned: $124.97
Price spread: +0.101% → +0.090%: $1.06
Slippage, 4 orders: −$448.1
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$343.06
Costs to cover: 4.691%
Break-even: 26.2 days

Slippage from KuCoin: live order book, 3 min ago; Hyperliquid: live order book, 11 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, 3 min ago	3.47 bp	150.6 bp −$151	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	1.21 bp	15.8 bp −$16	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	−0.0667%	1h	0.02878	+0.005%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0040%	4h	0.02873	−0.174%	$262K	$9K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02878	0.000%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02874	−0.139%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02875	−0.097%	$19K	$93K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02873	−0.174%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02876	−0.069%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02874	−0.139%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02876	−0.069%	$1.4M	$266K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02873	−0.174%	$377K	$128K	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	0.02878	long leg	$548K	$123K	20x
Bitget BIOUSDT	+0.0100%	4h	0.02876	−0.069%	$1.3M	$533K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02876	−0.069%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02875	−0.107%	$33K	$71K	—	as long as short
Hyperliquid BIOshort	+0.0695%	1h	0.02881	+0.101%	$754K	$217K	3x