Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Bybit+0.104%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$155as in the Funding arb table

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

costs, in and out, $10k−$1501.502% of the position

Long on Bybit 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+0.008%+$1 · spread now +0.104%, 7d avg +0.018%

Together, before fees−0.037%−$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: Gate is 0.086% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BIOUSDT	0.02881	0.0100	pay 0.0050% / 4h	3h 01m	$2.2M	$2.4M	50x
Short	Gate BIO_USDT	0.02884	0.0100	get 0.0100% / 8h	3h 01m	$1.5M	$322K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.104%Rate

Funding earned: $0
Price spread: +0.104% → +0.018%: $8.61
Slippage, 4 orders: −$124.19
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$141.58
Costs to cover: 1.502%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 1 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 Bybit live order book, 1 min ago	3.47 bp	19.5 bp −$20	105.4 bp −$1,054	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	6.93 bp	71.3 bp −$71	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	−0.0464%	1h	0.02883	+0.052%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0023%	4h	0.02881	+0.016%	$21K	$102K	5x	as long as short
OKX BIO-USDT-SWAP	−0.0006%	4h	0.02880	−0.035%	$1.2M	$2.1M	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02885	+0.149%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02880	−0.035%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02885	+0.142%	$752K	$218K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02880	−0.035%	$6.1M	$7.4M	50x	as long as short
Bybit BIOUSDTlong	+0.0100%	4h	0.02881	long leg	$2.2M	$2.4M	50x
Gate BIO_USDTshort	+0.0100%	8h	0.02884	+0.104%	$1.5M	$322K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02880	−0.035%	$405K	$139K	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	0.02885	+0.139%	$557K	$116K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02881	0.000%	$1.3M	$546K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02880	−0.035%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02893	+0.434%	$34K	$65K	—	as long as short
BloFin BIO-USDT	+0.0109%	4h	0.02884	+0.104%	$262K	$7K	50x	as long as short