Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against OKX−0.035%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$890.887% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days+0.048%+$5 · spread now −0.035%, 7d avg −0.010%

Together, before fees+0.094%+$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: BingX is 0.025% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BIO-USDT-SWAP	0.02864	0.0100	pay 0.0050% / 4h	2h 01m	$1.2M	$2.3M	20x
Short	BingX BIO-USDT	0.02863	0.0100	get 0.0050% / 4h	2h 01m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → −0.010%: −$2.46
Slippage, 4 orders: −$68.74
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$91.2
Costs to cover: 0.887%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; BingX: live order book, 15 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 OKX live order book, 6 min ago	3.49 bp	27.5 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	5.21 bp	18.4 bp −$18	52.5 bp −$525	538.1 bp −$53.8K	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	−0.0670%	1h	0.02866	+0.082%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0064%	4h	0.02861	−0.105%	$262K	$9K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02868	+0.157%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02864	0.000%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02866	+0.084%	$19K	$93K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02864	0.000%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02864	0.000%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAPlong	+0.0100%	4h	0.02864	long leg	$1.2M	$2.3M	20x
Gate BIO_USDT	+0.0100%	8h	0.02865	+0.035%	$1.4M	$266K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02864	0.000%	$381K	$129K	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	0.02868	+0.140%	$546K	$123K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02863	−0.035%	$1.3M	$534K	50x	as long as short
BingX BIO-USDTshort	+0.0100%	4h	0.02863	−0.035%	—	$1.4M	—
Variational Omni BIO	+0.0100%	4h	0.02864	+0.013%	$33K	$71K	—	as long as short
Hyperliquid BIO	+0.0666%	1h	0.02870	+0.220%	$751K	$217K	3x	as long as short