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 0.000%

Price spread now: Bybit against OKX+0.138%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$830.828% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days−0.151%−$15 · spread now +0.138%, 7d avg +0.026%

Together, before fees−0.105%−$10 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: Bybit is 0.112% dearer against OKX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BIO-USDT-SWAP	0.02909	0.0100	pay 0.0050% / 4h	2h 21m	$1.2M	$2.2M	20x
Short	Bybit BIOUSDT	0.02913	0.0100	get 0.0050% / 4h	2h 21m	$2.2M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.138%Rate

Funding earned: $0
Price spread: +0.138% → +0.026%: $11.2
Slippage, 4 orders: −$61.75
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$71.56
Costs to cover: 0.828%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 1 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 OKX live order book, 1 min ago	1.72 bp	20.3 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.43 bp	20.0 bp −$20	110.7 bp −$1,107	doesn't fit	doesn't fit

BIO on 14 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	−0.0537%	1h	0.02913	+0.135%	$11K	$6K	20x	as long as short
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02913	+0.138%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02916	+0.234%	$15K	$7K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02915	+0.220%	$761K	$216K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02914	+0.172%	$20K	$99K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02910	+0.041%	$6.2M	$7.2M	50x	as long as short
Bybit BIOUSDTshort	+0.0100%	4h	0.02913	+0.138%	$2.2M	$2.6M	50x
OKX BIO-USDT-SWAPlong	+0.0100%	4h	0.02909	long leg	$1.2M	$2.2M	20x
Gate BIO_USDT	+0.0100%	8h	0.02915	+0.206%	$1.5M	$305K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02911	+0.069%	$401K	$129K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTM	+0.0100%	4h	0.02917	+0.275%	$565K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02911	+0.069%	$1.3M	$524K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02913	+0.138%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02913	+0.153%	$34K	$65K	—	as long as short