Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Bitget+0.208%7-day average +0.096% · 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−$156as in the Price arb table

costs, in and out, $10k−$1671.667% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 7 days−0.070%−$7 · spread now +0.208%, 7d avg +0.096%

Together, before fees−0.115%−$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: Gate is 0.112% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BIOUSDT	0.02883	0.0100	pay 0.0050% / 4h	32m 09s	$1.3M	$558K	50x
Short	Gate BIO_USDT	0.02889	0.0100	get 0.0100% / 8h	4h 32m	$1.5M	$290K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.208%Rate

Funding earned: $0
Price spread: +0.208% → +0.096%: $11.21
Slippage, 4 orders: −$139.72
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$155.51
Costs to cover: 1.667%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 5 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	3.49 bp	27.1 bp −$27	64.9 bp −$649	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	5.23 bp	60.9 bp −$61	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	−0.1159%	1h	0.02886	+0.120%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0083%	4h	0.02892	+0.329%	$21K	$104K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0036%	4h	0.02880	−0.104%	$1.2M	$2.2M	20x	as long as short
BloFin BIO-USDT	+0.0046%	4h	0.02888	+0.173%	$263K	$7K	50x	as long as short
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02890	+0.243%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02896	+0.451%	$15K	$7K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02884	+0.035%	$752K	$223K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02882	−0.039%	$6.1M	$7.4M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02884	+0.035%	$2.2M	$2.6M	50x	as long as short
Gate BIO_USDTshort	+0.0100%	8h	0.02889	+0.208%	$1.5M	$290K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BIO_USDT	+0.0100%	4h	0.02884	+0.035%	$406K	$134K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02888	+0.173%	$566K	$116K	20x	as long as short
Bitget BIOUSDTlong	+0.0100%	4h	0.02883	long leg	$1.3M	$558K	50x
BingX BIO-USDT	+0.0100%	4h	0.02886	+0.104%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02862	−0.711%	$33K	$66K	—	as long as short