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: BingX against Bitget+0.070%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$830.832% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.042%+$4 · spread now +0.070%, 7d avg +0.041%

Together, before fees+0.042%+$4 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: BingX is 0.029% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BIOUSDT	0.02858	0.0100	pay 0.0050% / 4h	2h 32m	$1.3M	$546K	50x
Short	BingX BIO-USDT	0.02860	0.0100	get 0.0050% / 4h	2h 32m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → +0.041%: $2.94
Slippage, 4 orders: −$61.17
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$80.23
Costs to cover: 0.832%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; BingX: live order book, 9 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 BingX live order book, 9 min ago	5.23 bp	18.5 bp −$18	47.5 bp −$475	541.7 bp −$54.2K	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	−0.013%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0010%	4h	0.02859	+0.047%	$21K	$101K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0014%	4h	0.02856	−0.070%	$1.1M	$2.1M	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02864	+0.192%	$15K	$7K	3x	as long as short
BloFin BIO-USDT	+0.0098%	4h	0.02854	−0.140%	$262K	$7K	50x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02858	0.000%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02863	+0.157%	$746K	$215K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02857	−0.028%	$6.0M	$7.5M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02857	−0.035%	$2.1M	$2.5M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02861	+0.105%	$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	0.02858	0.000%	$405K	$137K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02861	+0.105%	$554K	$117K	20x	as long as short
Bitget BIOUSDTlong	+0.0100%	4h	0.02858	long leg	$1.3M	$546K	50x
BingX BIO-USDTshort	+0.0100%	4h	0.02860	+0.070%	—	$1.3M	—
Variational Omni BIO	+0.0100%	4h	0.02869	+0.369%	$30K	$68K	—	as long as short