Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h +0.003%

Price spread now: Gate against BloFin+0.174%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

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

costs, in and out, $10k−$1221.224% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.299%+$30 · spread now +0.174%, 7d avg +0.085%

Together, before fees+0.282%+$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.089% dearer against BloFin than usual: you sell high and buy low (spread +0.174% now, against its 7-day average of +0.085%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.9 days. At the pace of the last 7 days (−0.017% in total) that is about 37 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BIO-USDT	0.02870	0.0151	pay 0.0075% / 4h	3h 34m	$262K	$7K	50x
Short	Gate BIO_USDT	0.02875	0.0100	get 0.0100% / 8h	7h 34m	$1.5M	$339K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now +0.174%Rate

Funding earned: −$10.66
Price spread: +0.174% → +0.085%: $8.94
Slippage, 4 orders: −$95.4
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$124.12
Costs to cover: 1.224%
Break-even: never at this rate

Slippage from BloFin: live order book, 32 min ago; Gate: live order book, 2 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 BloFin live order book, 32 min ago	1.74 bp	18.0 bp −$18	37.5 bp −$375	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	5.21 bp	50.1 bp −$50	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	−0.0685%	1h	0.02872	+0.059%	$11K	$6K	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02879	+0.307%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02872	+0.070%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02876	+0.206%	$751K	$199K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02872	+0.066%	$21K	$101K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02869	−0.026%	$6.1M	$7.6M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02870	0.000%	$2.1M	$2.4M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02869	−0.035%	$1.1M	$2.1M	20x	as long as short
Gate BIO_USDTshort	+0.0100%	8h	0.02875	+0.174%	$1.5M	$339K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02870	0.000%	$409K	$139K	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	0.02873	+0.105%	$546K	$119K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02873	+0.105%	$1.3M	$563K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02872	+0.070%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02873	+0.088%	$30K	$68K	—	as long as short
BloFin BIO-USDTlong	+0.0151%	4h	0.02870	long leg	$262K	$7K	50x