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

Price spread now: BingX against Bitget−0.173%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$910.914% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.285%+$29 · spread now −0.173%, 7d avg +0.041%

Together, before fees+0.285%+$29 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 0.214% cheaper against Bitget than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BIOUSDT	0.02888	0.0100	pay 0.0050% / 4h	2h 14m	$1.3M	$550K	50x
Short	BingX BIO-USDT	0.02883	0.0100	get 0.0050% / 4h	2h 14m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now −0.173%Rate

Funding earned: $0
Price spread: −0.173% → +0.041%: −$21.37
Slippage, 4 orders: −$69.39
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$112.76
Costs to cover: 0.914%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; BingX: live order book, 1 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 Bitget live order book, 1 min ago	6.93 bp	28.2 bp −$28	66.8 bp −$668	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	5.21 bp	17.5 bp −$18	50.6 bp −$506	534.2 bp −$53.4K	823.6 bp −$411.8K

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	−0.0568%	1h	0.02885	−0.096%	$11K	$6K	20x	as long as short
Aster BIOUSDT	+0.0015%	4h	0.02885	−0.109%	$21K	$101K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0077%	4h	0.02885	−0.104%	$1.1M	$2.2M	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02891	+0.104%	$15K	$7K	3x	as long as short
BloFin BIO-USDT	+0.0097%	4h	0.02886	−0.069%	$260K	$7K	50x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02884	−0.139%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02890	+0.052%	$753K	$216K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02886	−0.069%	$6.1M	$7.6M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02887	−0.035%	$2.1M	$2.5M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02889	+0.035%	$1.5M	$318K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BIO_USDT	+0.0100%	4h	0.02886	−0.069%	$408K	$138K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02889	+0.035%	$562K	$118K	20x	as long as short
Bitget BIOUSDTlong	+0.0100%	4h	0.02888	long leg	$1.3M	$550K	50x
BingX BIO-USDTshort	+0.0100%	4h	0.02883	−0.173%	—	$1.3M	—
Variational Omni BIO	+0.0100%	4h	0.02882	−0.207%	$30K	$68K	—	as long as short