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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against BingX−0.035%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$690.690% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.009%+$1 · spread now −0.035%, 7d avg +0.034%

Together, before fees+0.009%+$1 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: Bybit is 0.069% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BIO-USDT	0.02883	0.0100	pay 0.0050% / 4h	2h 22m	—	$1.4M	—
Short	Bybit BIOUSDT	0.02882	0.0100	get 0.0050% / 4h	2h 22m	$2.2M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → +0.034%: −$6.87
Slippage, 4 orders: −$48.03
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$75.9
Costs to cover: 0.690%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Bybit: live order book, 4 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 BingX live order book, 4 min ago	5.20 bp	10.2 bp −$10	45.9 bp −$459	568.5 bp −$56.9K	797.2 bp −$398.6K
Sell Bybit live order book, 4 min ago	5.21 bp	20.7 bp −$21	115.5 bp −$1,155	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	+0.060%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0079%	4h	0.02884	+0.035%	$262K	$9K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02885	+0.062%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02883	0.000%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02884	+0.023%	$19K	$93K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02881	−0.079%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDTshort	+0.0100%	4h	0.02882	−0.035%	$2.2M	$2.6M	50x
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02884	+0.035%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02885	+0.069%	$1.4M	$266K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02881	−0.069%	$382K	$127K	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	0.02887	+0.139%	$550K	$124K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02882	−0.035%	$1.3M	$519K	50x	as long as short
BingX BIO-USDTlong	+0.0100%	4h	0.02883	long leg	—	$1.4M	—
Variational Omni BIO	+0.0100%	4h	0.02882	−0.038%	$33K	$70K	—	as long as short
Hyperliquid BIO	+0.0684%	1h	0.02890	+0.239%	$757K	$217K	3x	as long as short