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 BingX+0.173%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$1541.539% of the position

Long on BingX Short on Gate

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−0.140%−$14 · spread now +0.173%, 7d avg +0.054%

Together, before fees−0.185%−$19 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 0.119% dearer against BingX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BIO-USDT	0.02894	0.0100	pay 0.0050% / 4h	1h 39m	—	$1.4M	—
Short	Gate BIO_USDT	0.02899	0.0100	get 0.0100% / 8h	5h 39m	$1.5M	$287K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.173%Rate

Funding earned: $0
Price spread: +0.173% → +0.054%: $11.89
Slippage, 4 orders: −$128.91
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$142.02
Costs to cover: 1.539%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Gate: live order book, 3 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, 7 min ago	3.45 bp	16.2 bp −$16	53.9 bp −$539	611.0 bp −$61.1K	867.9 bp −$434.0K
Sell Gate live order book, 3 min ago	6.88 bp	56.5 bp −$56	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	−0.0633%	1h	0.02892	−0.071%	$11K	$6K	20x	as long as short
Aster BIOUSDT	+0.0055%	4h	0.02895	+0.048%	$21K	$102K	5x	as long as short
BloFin BIO-USDT	+0.0065%	4h	0.02891	−0.104%	$263K	$8K	50x	as long as short
Orderly PERP_BIO_USDC	+0.0093%	4h	0.02891	−0.104%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02897	+0.100%	$15K	$7K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02897	+0.090%	$755K	$220K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02890	−0.138%	$6.1M	$7.2M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02892	−0.069%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02887	−0.242%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDTshort	+0.0100%	8h	0.02899	+0.173%	$1.5M	$287K	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	0.02889	−0.173%	$402K	$130K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02899	+0.173%	$568K	$119K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02892	−0.069%	$1.3M	$543K	50x	as long as short
BingX BIO-USDTlong	+0.0100%	4h	0.02894	long leg	—	$1.4M	—
Variational Omni BIO	+0.0100%	4h	0.02899	+0.171%	$33K	$66K	—	as long as short