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: Bitget against Gate−0.034%7-day average −0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$176as in the Price arb table

costs, in and out, $10k−$1821.817% of the position

Long on Gate Short on Bitget

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−0.078%−$8 · spread now −0.034%, 7d avg −0.094%

Together, before fees−0.032%−$3 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: Bitget is 0.060% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BIO_USDT	0.02915	0.0100	pay 0.0100% / 8h	5h 18m	$1.5M	$289K	50x
Short	Bitget BIOUSDT	0.02914	0.0100	get 0.0050% / 4h	1h 18m	$1.3M	$545K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → −0.094%: $6.02
Slippage, 4 orders: −$154.68
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$175.66
Costs to cover: 1.817%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Bitget: live order book, 3 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, 4 min ago	5.15 bp	64.0 bp −$64	17830.7 bp −$178.3K	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.43 bp	30.0 bp −$30	79.6 bp −$796	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	−0.0628%	1h	0.02913	−0.057%	$11K	$6K	20x	as long as short
Aster BIOUSDT	+0.0014%	4h	0.02911	−0.148%	$22K	$103K	5x	as long as short
Orderly PERP_BIO_USDC	+0.0093%	4h	0.02912	−0.103%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02917	+0.075%	$15K	$7K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02916	+0.045%	$760K	$220K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02911	−0.154%	$6.2M	$7.3M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02913	−0.069%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02909	−0.206%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDTlong	+0.0100%	8h	0.02915	long leg	$1.5M	$289K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02911	−0.137%	$410K	$132K	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	0.02918	+0.103%	$572K	$119K	20x	as long as short
Bitget BIOUSDTshort	+0.0100%	4h	0.02914	−0.034%	$1.3M	$545K	50x
BingX BIO-USDT	+0.0100%	4h	0.02911	−0.137%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02915	−0.001%	$34K	$66K	—	as long as short
BloFin BIO-USDT	+0.0127%	4h	0.02912	−0.103%	$264K	$7K	50x	as long as short