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 Bybit+0.210%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$740.742% of the position

Long on Bybit 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−0.144%−$14 · spread now +0.210%, 7d avg −0.038%

Together, before fees−0.144%−$14 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 0.248% dearer against Bybit than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BIOUSDT	0.02860	0.0100	pay 0.0050% / 4h	2h 34m	$2.1M	$2.5M	50x
Short	BingX BIO-USDT	0.02866	0.0100	get 0.0050% / 4h	2h 34m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.210%Rate

Funding earned: $0
Price spread: +0.210% → −0.038%: $24.77
Slippage, 4 orders: −$53.17
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$49.4
Costs to cover: 0.742%
Break-even: never at this rate

Slippage from Bybit: live order book, 8 min ago; BingX: live order book, 8 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 Bybit live order book, 8 min ago	3.48 bp	20.8 bp −$21	107.7 bp −$1,077	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	5.23 bp	18.5 bp −$18	47.5 bp −$475	541.7 bp −$54.2K	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	−0.0573%	1h	0.02862	+0.083%	$11K	$6K	20x	as long as short
Aster BIOUSDT	+0.0005%	4h	0.02861	+0.035%	$21K	$101K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0007%	4h	0.02857	−0.105%	$1.1M	$2.1M	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02868	+0.287%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02864	+0.140%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02866	+0.206%	$747K	$215K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02859	−0.035%	$6.0M	$7.5M	50x	as long as short
Bybit BIOUSDTlong	+0.0100%	4h	0.02860	long leg	$2.1M	$2.5M	50x
Gate BIO_USDT	+0.0100%	8h	0.02873	+0.455%	$1.5M	$313K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02863	+0.105%	$405K	$137K	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	0.02869	+0.315%	$556K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02861	+0.035%	$1.3M	$548K	50x	as long as short
BingX BIO-USDTshort	+0.0100%	4h	0.02866	+0.210%	—	$1.3M	—
Variational Omni BIO	+0.0100%	4h	0.02869	+0.299%	$30K	$68K	—	as long as short
BloFin BIO-USDT	+0.0150%	4h	0.02873	+0.455%	$264K	$7K	50x	as long as short