Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0058%/8h= −6.3% APRpaid last 24h −0.007%

Price spread now: BloFin against Gate−0.069%78s7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1341.342% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 3 days (all we have)−0.041%−$4 · spread now −0.069%, 7d avg −0.061%

Together, before fees−0.029%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

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	7h 41m	$1.5M	$278K	50x
Short	BloFin BIO-USDT	0.02913	0.0042	get 0.0021% / 4h	3h 41m	$265K	$10K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$12.08
Price spread: −0.069% → −0.061%: −$0.77
Slippage, 4 orders: −$107.18
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$147.02
Costs to cover: 1.342%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; BloFin: live order book, 24 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	3.43 bp	47.5 bp −$48	19283.8 bp −$192.8K	doesn't fit	doesn't fit
Sell BloFin live order book, 24 min ago	5.19 bp	20.2 bp −$20	42.6 bp −$426	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	−0.0223%	1h	0.02914	−0.033%	$11K	$6K	20x	as long as short
BloFin BIO-USDTshort	+0.0042%	4h	0.02913	−0.069%	$265K	$10K	50x
Orderly PERP_BIO_USDC	+0.0095%	4h	0.02913	−0.069%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02913	−0.075%	$11K	$3K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02916	+0.027%	$763K	$217K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02913	−0.078%	$21K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02910	−0.188%	$6.2M	$6.9M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02914	−0.034%	$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	$278K	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	0.02911	−0.137%	$396K	$128K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02917	+0.069%	$563K	$116K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02914	−0.034%	$1.3M	$511K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02914	−0.034%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02915	−0.015%	$34K	$68K	—	as long as short