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% APRpaid last 24h 0.000%

Price spread now: Bybit against Gate−0.070%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1651.647% of the position

Long on Gate Short on Bybit

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−0.055%−$5 · spread now −0.070%, 7d avg −0.018%

Together, before fees−0.010%−$1 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: Bybit is 0.051% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BIO_USDT	0.02865	0.0100	pay 0.0100% / 8h	4h 44m	$1.4M	$290K	50x
Short	Bybit BIOUSDT	0.02863	0.0100	get 0.0050% / 4h	44m 53s	$2.2M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → −0.018%: −$5.14
Slippage, 4 orders: −$138.75
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$169.89
Costs to cover: 1.647%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Bybit: 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 Gate live order book, 3 min ago	6.98 bp	50.4 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.49 bp	23.3 bp −$23	108.5 bp −$1,085	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	−0.1168%	1h	0.02864	−0.019%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0099%	4h	0.02866	+0.034%	$21K	$104K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0006%	4h	0.02862	−0.105%	$1.1M	$2.2M	20x	as long as short
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02863	−0.070%	$13K	—	10x	as long as short
BloFin BIO-USDT	+0.0095%	4h	0.02860	−0.175%	$262K	$7K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02868	+0.122%	$15K	$7K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02868	+0.101%	$749K	$222K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02861	−0.140%	$6.1M	$7.4M	50x	as long as short
Bybit BIOUSDTshort	+0.0100%	4h	0.02863	−0.070%	$2.2M	$2.6M	50x
Gate BIO_USDTlong	+0.0100%	8h	0.02865	long leg	$1.4M	$290K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BIO_USDT	+0.0100%	4h	0.02862	−0.105%	$403K	$133K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02866	+0.035%	$562K	$116K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02865	0.000%	$1.3M	$556K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02864	−0.035%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02865	+0.016%	$33K	$66K	—	as long as short