Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Binance+0.070%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1691.692% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.040%+$4 · spread now +0.070%, 7d avg +0.090%

Together, before fees+0.020%+$2 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: Gate is 0.021% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BIOUSDT	0.02863	0.0100	pay 0.0050% / 4h	2h 40m	$6.1M	$6.8M	50x
Short	Gate BIO_USDT	0.02865	0.0100	get 0.0100% / 8h	2h 40m	$1.4M	$265K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → +0.090%: −$2.06
Slippage, 4 orders: −$144.19
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$171.24
Costs to cover: 1.692%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Gate: live order book, 2 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 Binance live order book, 13 min ago	3.49 bp	17.4 bp −$17	66.2 bp −$662	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.49 bp	69.3 bp −$69	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	−0.0670%	1h	0.02867	+0.155%	$11K	$6K	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02867	+0.133%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02864	+0.035%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02864	+0.019%	$19K	$93K	5x	as long as short
Binance BIOUSDTlong	+0.0100%	4h	0.02863	long leg	$6.1M	$6.8M	50x
Bybit BIOUSDT	+0.0100%	4h	0.02864	+0.035%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02865	+0.070%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDTshort	+0.0100%	8h	0.02865	+0.070%	$1.4M	$265K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02862	−0.035%	$379K	$124K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02869	+0.210%	$546K	$126K	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	0.02863	0.000%	$1.3M	$520K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02864	+0.035%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02865	+0.053%	$33K	$70K	—	as long as short
BloFin BIO-USDT	+0.0116%	4h	0.02862	−0.035%	$262K	$9K	50x	as long as short
Hyperliquid BIO	+0.0577%	1h	0.02870	+0.238%	$752K	$216K	3x	as long as short