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: Gate against Binance+0.012%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1471.471% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.053%+$5 · spread now +0.012%, 7d avg +0.089%

Together, before fees+0.033%+$3 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: Gate is 0.077% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BIOUSDT	0.02901	0.0100	pay 0.0050% / 4h	1h 34m	$6.1M	$7.2M	50x
Short	Gate BIO_USDT	0.02901	0.0100	get 0.0100% / 8h	5h 34m	$1.5M	$288K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → +0.089%: −$7.72
Slippage, 4 orders: −$122.11
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$154.82
Costs to cover: 1.471%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Gate: 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 Binance live order book, 4 min ago	1.73 bp	14.0 bp −$14	56.1 bp −$561	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	5.18 bp	62.6 bp −$63	doesn't fit	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	−0.0631%	1h	0.02903	+0.096%	$11K	$6K	20x	as long as short
Aster BIOUSDT	+0.0026%	4h	0.02895	−0.196%	$21K	$103K	5x	as long as short
Orderly PERP_BIO_USDC	+0.0093%	4h	0.02901	+0.012%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02907	+0.209%	$15K	$7K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02908	+0.240%	$758K	$220K	3x	as long as short
Binance BIOUSDTlong	+0.0100%	4h	0.02901	long leg	$6.1M	$7.2M	50x
Bybit BIOUSDT	+0.0100%	4h	0.02899	−0.057%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02899	−0.057%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDTshort	+0.0100%	8h	0.02901	+0.012%	$1.5M	$288K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02898	−0.091%	$406K	$131K	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	0.02902	+0.047%	$568K	$119K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02899	−0.057%	$1.3M	$544K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02900	−0.022%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02897	−0.128%	$33K	$66K	—	as long as short
BloFin BIO-USDT	+0.0121%	4h	0.02899	−0.057%	$264K	$7K	50x	as long as short