Funding arb · Price arb /

BIO

all BIO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.005%

Price spread now: Gate against BloFin+0.208%48s7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$245as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2432.435% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 3 days (all we have)+0.028%+$3 · spread now +0.208%, 7d avg +0.060%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.149% dearer against BloFin than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.060%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BIO-USDT	0.02879	0.0052	pay 0.0026% / 4h	2h 14m	$262K	$9K	50x
Short	Gate BIO_USDT	0.02885	0.0100	get 0.0100% / 8h	2h 14m	$1.4M	$266K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now +0.208%Rate

Funding earned: $10.14
Price spread: +0.208% → +0.060%: $14.87
Slippage, 4 orders: −$216.45
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$218.44
Costs to cover: 2.435%
Break-even: 157.8 days

Slippage from BloFin: live order book, 69 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 BloFin live order book, 69 min ago	3.47 bp	13.3 bp −$13	36.7 bp −$367	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	8.66 bp	62.4 bp −$62	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	−0.0666%	1h	0.02884	+0.179%	$11K	$6K	20x	as long as short
BloFin BIO-USDTlong	+0.0052%	4h	0.02879	long leg	$262K	$9K	50x
Lighter BIO	+0.0096%	1h	0.02884	+0.167%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02882	+0.104%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02883	+0.133%	$19K	$93K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02883	+0.129%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02885	+0.208%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02880	+0.035%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDTshort	+0.0100%	8h	0.02885	+0.208%	$1.4M	$266K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02883	+0.139%	$378K	$128K	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	0.02888	+0.313%	$550K	$123K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02883	+0.139%	$1.3M	$533K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02884	+0.174%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02882	+0.100%	$33K	$71K	—	as long as short
Hyperliquid BIO	+0.0695%	1h	0.02889	+0.351%	$756K	$217K	3x	as long as short