Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.006%

Price spread now: Gate against Orderly+0.103%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Gate

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.103% dearer against Orderly than usual: you sell high and buy low, +$10 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_BIO_USDC	0.02909	0.0099	pay 0.0049% / 4h	3h 28m	$13K	—	10x
Short	Gate BIO_USDT	0.02912	0.0100	get 0.0100% / 8h	3h 28m	$1.5M	$310K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Orderly. 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 OrderlybpFee GatebpOrdersPrice spread, now +0.103%Rate

Funding earned: $0.23
Price spread: +0.103% → 0.000%: $10.31
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$10.46
Costs to cover: 0.210%
Break-even: 329.9 days

Slippage unknown: Orderly: no order-book sample; Gate: live order book, 4 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	5.16 bp	73.1 bp −$73	doesn't fit	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0460%	1h	0.02908	−0.031%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0011%	4h	0.02908	−0.021%	$21K	$102K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0090%	4h	0.02904	−0.172%	$1.2M	$2.2M	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02914	+0.165%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDClong	+0.0099%	4h	0.02909	long leg	$13K	—	10x
Hyperliquid BIO	+0.0100%	1h	0.02911	+0.062%	$759K	$216K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02905	−0.138%	$6.1M	$7.4M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02907	−0.069%	$2.2M	$2.5M	50x	as long as short
Gate BIO_USDTshort	+0.0100%	8h	0.02912	+0.103%	$1.5M	$310K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02905	−0.138%	$407K	$134K	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	0.02914	+0.172%	$564K	$116K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02906	−0.103%	$1.3M	$547K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02908	−0.034%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02916	+0.257%	$34K	$65K	—	as long as short
BloFin BIO-USDT	+0.0139%	4h	0.02911	+0.069%	$265K	$7K	50x	as long as short