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

Price spread now: Bitget against Bybit−0.034%7-day average −0.074% · 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−$86as in the Price arb table

costs, in and out, $10k−$910.905% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.093%+$9 · spread now −0.034%, 7d avg −0.074%

Together, before fees+0.093%+$9 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: Bitget is 0.040% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BIOUSDT	0.02933	0.0100	pay 0.0050% / 4h	3h 07m	$2.2M	$2.5M	50x
Short	Bitget BIOUSDT	0.02932	0.0100	get 0.0050% / 4h	3h 07m	$1.3M	$504K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → −0.074%: $4.03
Slippage, 4 orders: −$67.52
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$86.49
Costs to cover: 0.905%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Bitget: 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 Bybit live order book, 4 min ago	3.40 bp	20.2 bp −$20	115.7 bp −$1,157	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.70 bp	26.5 bp −$26	74.2 bp −$742	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	−0.0222%	1h	0.02933	−0.015%	$11K	$6K	20x	as long as short
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02931	−0.068%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02934	+0.051%	$11K	$3K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02930	−0.109%	$21K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02930	−0.093%	$6.3M	$6.9M	50x	as long as short
Bybit BIOUSDTlong	+0.0100%	4h	0.02933	long leg	$2.2M	$2.5M	50x
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02930	−0.102%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02932	−0.034%	$1.5M	$286K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02929	−0.136%	$400K	$130K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02935	+0.068%	$568K	$117K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BIOUSDTshort	+0.0100%	4h	0.02932	−0.034%	$1.3M	$504K	50x
BingX BIO-USDT	+0.0100%	4h	0.02932	−0.034%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02937	+0.137%	$34K	$68K	—	as long as short
BloFin BIO-USDT	+0.0103%	4h	0.02935	+0.068%	$267K	$10K	50x	as long as short
Hyperliquid BIO	+0.0151%	1h	0.02937	+0.126%	$769K	$214K	3x	as long as short