Funding arb · Price arb /

BIO

all BIO markets

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: Gate against OKX+0.172%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1651.651% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.080%−$8 · spread now +0.172%, 7d avg +0.045%

Together, before fees−0.080%−$8 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 0.127% dearer against OKX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BIO-USDT-SWAP	0.02908	0.0100	pay 0.0050% / 4h	1h 17m	$1.2M	$2.2M	20x
Short	Gate BIO_USDT	0.02913	0.0100	get 0.0100% / 8h	5h 17m	$1.5M	$290K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now +0.172%Rate

Funding earned: $0
Price spread: +0.172% → +0.045%: $12.73
Slippage, 4 orders: −$140.1
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$152.36
Costs to cover: 1.651%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Gate: live order book, 5 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 OKX live order book, 4 min ago	3.43 bp	20.8 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	5.15 bp	62.1 bp −$62	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
Kraken Futures PF_BIOUSD	−0.0629%	1h	0.02910	+0.070%	$11K	$6K	20x	as long as short
Aster BIOUSDT	+0.0010%	4h	0.02908	−0.010%	$22K	$103K	5x	as long as short
Orderly PERP_BIO_USDC	+0.0093%	4h	0.02908	0.000%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02915	+0.251%	$15K	$7K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02915	+0.224%	$760K	$220K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02909	+0.034%	$6.1M	$7.3M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02911	+0.103%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAPlong	+0.0100%	4h	0.02908	long leg	$1.2M	$2.2M	20x
Gate BIO_USDTshort	+0.0100%	8h	0.02913	+0.172%	$1.5M	$290K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02908	0.000%	$409K	$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	0.02915	+0.241%	$571K	$119K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02912	+0.138%	$1.3M	$545K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02909	+0.034%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02915	+0.239%	$34K	$66K	—	as long as short
BloFin BIO-USDT	+0.0127%	4h	0.02912	+0.138%	$264K	$7K	50x	as long as short