Funding arb · Price arb /

BIO

all BIO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.005%

Price spread now: BloFin against Gate+0.035%78s7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1391.393% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 3 days (all we have)−0.171%−$17 · spread now +0.035%, 7d avg −0.059%

Together, before fees−0.155%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.094% dearer against Gate than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.059%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.8 days. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BIO_USDT	0.02890	0.0100	pay 0.0100% / 8h	25m 40s	$1.5M	$276K	50x
Short	BloFin BIO-USDT	0.02891	0.0054	get 0.0027% / 4h	25m 40s	$264K	$10K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$9.61
Price spread: +0.035% → −0.059%: $9.36
Slippage, 4 orders: −$112.28
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$139.53
Costs to cover: 1.393%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; BloFin: live order book, 46 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, 2 min ago	1.73 bp	50.2 bp −$50	16300.3 bp −$163.0K	doesn't fit	doesn't fit
Sell BloFin live order book, 46 min ago	1.74 bp	18.5 bp −$18	35.0 bp −$350	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
BloFin BIO-USDTshort	+0.0054%	4h	0.02891	+0.035%	$264K	$10K	50x
Kraken Futures PF_BIOUSD	+0.0060%	1h	0.02890	−0.004%	$11K	$6K	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02889	−0.021%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0098%	4h	0.02887	−0.104%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02889	−0.023%	$21K	$96K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02884	−0.223%	$6.1M	$6.9M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02887	−0.104%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02885	−0.173%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDTlong	+0.0100%	8h	0.02890	long leg	$1.5M	$276K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02886	−0.138%	$388K	$127K	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	0.02893	+0.104%	$559K	$119K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02889	−0.035%	$1.3M	$524K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02888	−0.069%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02892	+0.075%	$33K	$71K	—	as long as short
Hyperliquid BIO	+0.0326%	1h	0.02893	+0.121%	$756K	$220K	3x	as long as short