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: Binance against Bitget−0.045%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$820.823% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days+0.144%+$14 · spread now −0.045%, 7d avg +0.005%

Together, before fees+0.122%+$12 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 0.050% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BIOUSDT	0.02860	0.0100	pay 0.0050% / 4h	2h 32m	$1.3M	$546K	50x
Short	Binance BIOUSDT	0.02859	0.0100	get 0.0050% / 4h	2h 32m	$6.0M	$7.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → +0.005%: −$5.03
Slippage, 4 orders: −$60.31
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$87.34
Costs to cover: 0.823%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 7 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 Bitget live order book, 4 min ago	5.22 bp	16.7 bp −$17	76.7 bp −$767	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	1.75 bp	19.7 bp −$20	61.8 bp −$618	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	−0.0574%	1h	0.02858	−0.061%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0010%	4h	0.02860	+0.004%	$21K	$101K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0014%	4h	0.02855	−0.175%	$1.1M	$2.1M	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02865	+0.161%	$15K	$7K	3x	as long as short
BloFin BIO-USDT	+0.0098%	4h	0.02854	−0.210%	$262K	$7K	50x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02858	−0.070%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02863	+0.087%	$746K	$215K	3x	as long as short
Binance BIOUSDTshort	+0.0100%	4h	0.02859	−0.045%	$6.0M	$7.5M	50x
Bybit BIOUSDT	+0.0100%	4h	0.02859	−0.035%	$2.1M	$2.5M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02861	+0.035%	$1.5M	$313K	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	0.02859	−0.035%	$405K	$137K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02861	+0.035%	$554K	$117K	20x	as long as short
Bitget BIOUSDTlong	+0.0100%	4h	0.02860	long leg	$1.3M	$546K	50x
BingX BIO-USDT	+0.0100%	4h	0.02860	0.000%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02869	+0.299%	$30K	$68K	—	as long as short