Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BingX+0.005%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$670.671% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.005%, 7d avg −0.035%

Together, before fees−0.041%−$4 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: Binance is 0.040% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BIO-USDT	0.02874	0.0100	pay 0.0050% / 4h	3h 54m	—	$1.3M	—
Short	Binance BIOUSDT	0.02874	0.0100	get 0.0050% / 4h	3h 54m	$6.1M	$7.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → −0.035%: $4.03
Slippage, 4 orders: −$47.08
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$63.05
Costs to cover: 0.671%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Binance: live order book, 14 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 BingX live order book, 5 min ago	3.48 bp	15.2 bp −$15	39.1 bp −$391	582.6 bp −$58.3K	837.1 bp −$418.5K
Sell Binance live order book, 14 min ago	1.74 bp	16.5 bp −$16	58.4 bp −$584	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	−0.0685%	1h	0.02872	−0.078%	$11K	$6K	20x	as long as short
OKX BIO-USDT-SWAP	+0.0093%	4h	0.02877	+0.104%	$1.1M	$2.1M	20x	as long as short
BloFin BIO-USDT	+0.0096%	4h	0.02880	+0.209%	$264K	$7K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02878	+0.153%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02871	−0.104%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02872	−0.073%	$21K	$101K	5x	as long as short
Binance BIOUSDTshort	+0.0100%	4h	0.02874	+0.005%	$6.1M	$7.6M	50x
Bybit BIOUSDT	+0.0100%	4h	0.02872	−0.070%	$2.1M	$2.4M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02876	+0.070%	$1.5M	$329K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02872	−0.070%	$408K	$138K	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	0.02874	0.000%	$546K	$119K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02874	0.000%	$1.3M	$566K	50x	as long as short
BingX BIO-USDTlong	+0.0100%	4h	0.02874	long leg	—	$1.3M	—
Variational Omni BIO	+0.0100%	4h	0.02875	+0.036%	$30K	$68K	—	as long as short
Hyperliquid BIO	+0.0118%	1h	0.02879	+0.170%	$751K	$207K	3x	as long as short