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: Binance against Gate−0.017%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$238as in the Funding arb table

Net, price: spread back to 7d avg − costs−$233as in the Price arb table

costs, in and out, $10k−$2402.403% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days−0.093%−$9 · spread now −0.017%, 7d avg −0.090%

Together, before fees−0.073%−$7 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 0.073% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BIO_USDT	0.02883	0.0100	pay 0.0100% / 8h	2h 17m	$1.4M	$266K	50x
Short	Binance BIOUSDT	0.02882	0.0100	get 0.0050% / 4h	2h 17m	$6.1M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → −0.090%: $7.3
Slippage, 4 orders: −$215.28
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$232.98
Costs to cover: 2.403%
Break-even: never at this rate

Slippage from Gate: live order book, just now; 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 Gate live order book, just now	8.66 bp	146.3 bp −$146	18976.7 bp −$189.8K	doesn't fit	doesn't fit
Sell Binance live order book, 7 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	−0.0666%	1h	0.02885	+0.069%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0078%	4h	0.02881	−0.069%	$262K	$9K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02886	+0.104%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02882	−0.035%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02882	−0.041%	$19K	$93K	5x	as long as short
Binance BIOUSDTshort	+0.0100%	4h	0.02882	−0.017%	$6.1M	$6.8M	50x
Bybit BIOUSDT	+0.0100%	4h	0.02884	+0.035%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02881	−0.069%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDTlong	+0.0100%	8h	0.02883	long leg	$1.4M	$266K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02881	−0.069%	$378K	$128K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTM	+0.0100%	4h	0.02886	+0.104%	$550K	$123K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02883	0.000%	$1.3M	$524K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02882	−0.035%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02884	+0.029%	$33K	$71K	—	as long as short
Hyperliquid BIO	+0.0693%	1h	0.02889	+0.215%	$756K	$217K	3x	as long as short