Funding arb · Price arb /

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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: Variational Omni against KuCoin+0.314%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.314% dearer against KuCoin than usual: you sell high and buy low, +$31 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BIOUSDTM	0.02887	0.0100	pay 0.0050% / 4h	2h 40m	$560K	$118K	20x
Short	Variational Omni BIO	0.02896	0.0100	get 0.0050% / 4h	2h 40m	$34K	$65K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.314%Rate

Funding earned: $0
Price spread: +0.314% → 0.000%: $31.35
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $19.35
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 72 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 72 min ago	6.84 bp	200.5 bp −$200	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0541%	1h	0.02896	+0.317%	$11K	$6K	20x	as long as short
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02885	−0.069%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02890	+0.107%	$11K	$3K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02887	+0.017%	$20K	$97K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02883	−0.139%	$6.1M	$7.2M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02886	−0.035%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02884	−0.104%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02888	+0.035%	$1.4M	$301K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02881	−0.208%	$397K	$128K	20x	as long as short
KuCoin BIOUSDTMlong	+0.0100%	4h	0.02887	long leg	$560K	$118K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BIOUSDT	+0.0100%	4h	0.02881	−0.208%	$1.3M	$524K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02885	−0.069%	—	$1.4M	—	as long as short
Variational Omni BIOshort	+0.0100%	4h	0.02896	+0.314%	$34K	$65K	—
BloFin BIO-USDT	+0.0133%	4h	0.02904	+0.589%	$266K	$10K	50x	as long as short
Hyperliquid BIO	+0.0157%	1h	0.02887	+0.010%	$754K	$221K	3x	as long as short