Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Gate−0.035%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1291.294% of the position

Long on Gate Short on Bitget

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−0.164%−$16 · spread now −0.035%, 7d avg −0.097%

Together, before fees−0.119%−$12 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 0.063% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BIO_USDT	0.02880	0.0100	pay 0.0100% / 8h	7h 58m	$1.5M	$328K	50x
Short	Bitget BIOUSDT	0.02879	0.0100	get 0.0050% / 4h	3h 58m	$1.3M	$565K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → −0.097%: $6.28
Slippage, 4 orders: −$102.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$123.1
Costs to cover: 1.294%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Bitget: live order book, 3 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 Gate live order book, 4 min ago	5.21 bp	39.3 bp −$39	15969.5 bp −$159.7K	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.48 bp	21.4 bp −$21	57.7 bp −$577	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	−0.0684%	1h	0.02874	−0.192%	$11K	$6K	20x	as long as short
OKX BIO-USDT-SWAP	+0.0088%	4h	0.02876	−0.139%	$1.1M	$2.1M	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02884	+0.128%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02875	−0.174%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02878	−0.064%	$21K	$101K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02878	−0.060%	$6.1M	$7.6M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02877	−0.104%	$2.1M	$2.4M	50x	as long as short
Gate BIO_USDTlong	+0.0100%	8h	0.02880	long leg	$1.5M	$328K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02879	−0.035%	$409K	$137K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02879	−0.035%	$545K	$118K	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	0.02879	−0.035%	$1.3M	$565K	50x
BingX BIO-USDT	+0.0100%	4h	0.02879	−0.035%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02874	−0.222%	$30K	$68K	—	as long as short
BloFin BIO-USDT	+0.0121%	4h	0.02874	−0.208%	$261K	$7K	50x	as long as short
Hyperliquid BIO	+0.0228%	1h	0.02883	+0.097%	$752K	$207K	3x	as long as short