Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Variational Omni+0.506%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 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: Bybit is 0.506% dearer against Variational Omni than usual: you sell high and buy low, +$51 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	Variational Omni BIO	0.02866	0.0100	pay 0.0050% / 4h	2h 18m	$30K	$68K	—
Short	Bybit BIOUSDT	0.02881	0.0100	get 0.0050% / 4h	2h 18m	$2.1M	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.506%Rate

Funding earned: $0
Price spread: +0.506% → 0.000%: $50.59
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $39.59
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Bybit: live order book, 4 min ago. 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	3.49 bp	20.4 bp −$20	99.5 bp −$995	doesn't fit	doesn't fit

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	−0.0569%	1h	0.02880	+0.470%	$11K	$6K	20x	as long as short
Aster BIOUSDT	+0.0004%	4h	0.02880	+0.465%	$21K	$101K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0065%	4h	0.02879	+0.436%	$1.1M	$2.2M	20x	as long as short
BloFin BIO-USDT	+0.0076%	4h	0.02882	+0.541%	$262K	$7K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02886	+0.677%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02880	+0.471%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02883	+0.593%	$752K	$215K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02879	+0.445%	$6.1M	$7.6M	50x	as long as short
Bybit BIOUSDTshort	+0.0100%	4h	0.02881	+0.506%	$2.1M	$2.5M	50x
Gate BIO_USDT	+0.0100%	8h	0.02884	+0.611%	$1.5M	$317K	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	0.02880	+0.471%	$407K	$138K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02885	+0.645%	$561K	$118K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02881	+0.506%	$1.3M	$549K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02881	+0.506%	—	$1.3M	—	as long as short
Variational Omni BIOlong	+0.0100%	4h	0.02866	long leg	$30K	$68K	—