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% APRpaid last 24h 0.000%

Price spread now: BingX against Gate−0.105%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1311.313% of the position

Long on Gate Short on BingX

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+0.052%+$5 · spread now −0.105%, 7d avg −0.056%

Together, before fees+0.097%+$10 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 0.049% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BIO_USDT	0.02860	0.0100	pay 0.0100% / 8h	2h 31m	$1.5M	$313K	50x
Short	BingX BIO-USDT	0.02857	0.0100	get 0.0050% / 4h	2h 31m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpOrdersPrice spread, now −0.105%Rate

Funding earned: $0
Price spread: −0.105% → −0.056%: −$4.88
Slippage, 4 orders: −$106.27
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$136.15
Costs to cover: 1.313%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; BingX: live order book, 10 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, 1 min ago	6.99 bp	33.2 bp −$33	15246.7 bp −$152.5K	doesn't fit	doesn't fit
Sell BingX live order book, 10 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	−0.083%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0010%	4h	0.02859	−0.023%	$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	0.02864	+0.122%	$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	0.02861	+0.042%	$746K	$215K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02856	−0.140%	$6.0M	$7.5M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02857	−0.105%	$2.1M	$2.5M	50x	as long as short
Gate BIO_USDTlong	+0.0100%	8h	0.02860	long leg	$1.5M	$313K	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	0.02857	−0.105%	$405K	$137K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02861	+0.035%	$554K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02856	−0.140%	$1.3M	$546K	50x	as long as short
BingX BIO-USDTshort	+0.0100%	4h	0.02857	−0.105%	—	$1.3M	—
Variational Omni BIO	+0.0100%	4h	0.02869	+0.299%	$30K	$68K	—	as long as short