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 Bybit−0.243%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$181as in the Funding arb table

Net, price: spread back to 7d avg − costs−$203as in the Price arb table

costs, in and out, $10k−$1771.766% of the position

Long on Bybit 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+0.360%+$36 · spread now −0.243%, 7d avg +0.022%

Together, before fees+0.315%+$31 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 0.265% cheaper against Bybit than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BIOUSDT	0.02877	0.0100	pay 0.0050% / 4h	1h 55m	$2.2M	$2.6M	50x
Short	Gate BIO_USDT	0.02870	0.0100	get 0.0100% / 8h	1h 55m	$1.4M	$264K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.243%Rate

Funding earned: $0
Price spread: −0.243% → +0.022%: −$26.48
Slippage, 4 orders: −$150.55
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$203.04
Costs to cover: 1.766%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 1 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 Bybit live order book, 1 min ago	5.22 bp	17.5 bp −$17	110.3 bp −$1,103	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	8.70 bp	53.6 bp −$54	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
BloFin BIO-USDT	+0.0093%	4h	0.02868	−0.313%	$262K	$9K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02876	−0.035%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02873	−0.139%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02873	−0.136%	$19K	$93K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02874	−0.102%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDTlong	+0.0100%	4h	0.02877	long leg	$2.2M	$2.6M	50x
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02877	0.000%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDTshort	+0.0100%	8h	0.02870	−0.243%	$1.4M	$264K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02873	−0.139%	$385K	$125K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02876	−0.035%	$556K	$125K	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	−0.035%	$1.3M	$534K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02872	−0.174%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02865	−0.403%	$33K	$71K	—	as long as short
Kraken Futures PF_BIOUSD	+0.0169%	1h	0.02877	+0.014%	$11K	$6K	20x	as long as short
Hyperliquid BIO	+0.0737%	1h	0.02882	+0.163%	$754K	$217K	3x	as long as short