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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BingX−0.070%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

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

costs, in and out, $10k−$690.690% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.070%, 7d avg −0.035%

Together, before fees+0.025%+$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: Binance is 0.035% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BIO-USDT	0.02876	0.0100	pay 0.0050% / 4h	2h 12m	—	$1.4M	—
Short	Binance BIOUSDT	0.02874	0.0100	get 0.0050% / 4h	2h 12m	$6.1M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → −0.035%: −$3.47
Slippage, 4 orders: −$49
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$72.47
Costs to cover: 0.690%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; Binance: live order book, 11 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 BingX live order book, 3 min ago	5.21 bp	19.0 bp −$19	50.1 bp −$501	564.6 bp −$56.5K	836.6 bp −$418.3K
Sell Binance live order book, 11 min ago	1.74 bp	15.6 bp −$16	60.6 bp −$606	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	−0.0668%	1h	0.02877	+0.025%	$11K	$6K	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02877	+0.052%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02875	−0.035%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02877	+0.022%	$19K	$93K	5x	as long as short
Binance BIOUSDTshort	+0.0100%	4h	0.02874	−0.070%	$6.1M	$6.8M	50x
Bybit BIOUSDT	+0.0100%	4h	0.02876	0.000%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02875	−0.035%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02879	+0.104%	$1.4M	$266K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02873	−0.104%	$377K	$128K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02882	+0.209%	$549K	$123K	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	0.02876	0.000%	$1.3M	$533K	50x	as long as short
BingX BIO-USDTlong	+0.0100%	4h	0.02876	long leg	—	$1.4M	—
Variational Omni BIO	+0.0100%	4h	0.02882	+0.204%	$33K	$71K	—	as long as short
BloFin BIO-USDT	+0.0143%	4h	0.02875	−0.035%	$262K	$9K	50x	as long as short
Hyperliquid BIO	+0.0692%	1h	0.02881	+0.184%	$754K	$217K	3x	as long as short