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: Gate against Bitget+0.138%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$1671.667% of the position

Long on Bitget Short on Gate

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−0.026%−$3 · spread now +0.138%, 7d avg +0.094%

Together, before fees−0.072%−$7 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 0.044% dearer against Bitget than usual: you sell high and buy low, +$4 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	Bitget BIOUSDT	0.02895	0.0100	pay 0.0050% / 4h	1h 38m	$1.3M	$543K	50x
Short	Gate BIO_USDT	0.02899	0.0100	get 0.0100% / 8h	5h 38m	$1.5M	$287K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.138%Rate

Funding earned: $0
Price spread: +0.138% → +0.094%: $4.37
Slippage, 4 orders: −$139.68
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$162.31
Costs to cover: 1.667%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Gate: 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 Bitget live order book, 3 min ago	3.45 bp	18.5 bp −$19	63.6 bp −$636	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	6.88 bp	56.5 bp −$56	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	−0.0633%	1h	0.02892	−0.106%	$11K	$6K	20x	as long as short
Aster BIOUSDT	+0.0050%	4h	0.02897	+0.080%	$21K	$102K	5x	as long as short
BloFin BIO-USDT	+0.0065%	4h	0.02891	−0.138%	$263K	$8K	50x	as long as short
Orderly PERP_BIO_USDC	+0.0093%	4h	0.02891	−0.138%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02900	+0.162%	$15K	$7K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02899	+0.149%	$756K	$220K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02893	−0.069%	$6.1M	$7.2M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02895	0.000%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02889	−0.207%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDTshort	+0.0100%	8h	0.02899	+0.138%	$1.5M	$287K	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	0.02894	−0.035%	$403K	$130K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02898	+0.104%	$568K	$119K	20x	as long as short
Bitget BIOUSDTlong	+0.0100%	4h	0.02895	long leg	$1.3M	$543K	50x
BingX BIO-USDT	+0.0100%	4h	0.02895	0.000%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02899	+0.136%	$33K	$66K	—	as long as short