Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0122%/8hnext payment +$0.61 per $10,000 · paid last 24h +0.008%

Price spread now: KuCoin against Variational Omni+0.035%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 KuCoin

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and KuCoin is 0.035% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread 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	0.02888	0.0100	pay 0.0050% / 4h	5m 17s	$40K	$64K	—
Short	KuCoin BIOUSDTM	0.02889	0.0222	get 0.0111% / 4h	5m 17s	$549K	$127K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.035%Rate

Funding earned: $25.62
Price spread: +0.035% → 0.000%: $3.51
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $17.13
Costs to cover: 0.120%
Break-even: 2.3 days

Slippage unknown: Variational Omni: no order-book sample; KuCoin: live order book, 21 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 KuCoin live order book, 21 min ago	12.10 bp	382.3 bp −$382	doesn't fit	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	−0.0777%	1h	0.02886	−0.065%	$11K	$9K	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02888	+0.014%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02884	−0.138%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02887	−0.020%	$758K	$214K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02885	−0.097%	$29K	$85K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02883	−0.182%	$6.1M	$6.6M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02884	−0.138%	$2.3M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02882	−0.207%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02885	−0.103%	$1.4M	$258K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02883	−0.173%	$382K	$128K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BIOUSDT	+0.0100%	4h	0.02884	−0.138%	$1.2M	$508K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02884	−0.138%	—	$1.4M	—	as long as short
Variational Omni BIOlong	+0.0100%	4h	0.02888	long leg	$40K	$64K	—
BloFin BIO-USDT	+0.0124%	4h	0.02884	−0.138%	$266K	$13K	50x	as long as short
KuCoin BIOUSDTMshort	+0.0222%	4h	0.02889	+0.035%	$549K	$127K	20x