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% APRpaid last 24h 0.000%

Price spread now: BingX against Gate+0.034%7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1221.220% of the position

Long on Gate Short on BingX

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−0.147%−$15 · spread now +0.034%, 7d avg −0.058%

Together, before fees−0.102%−$10 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: BingX is 0.092% dearer against Gate than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BIO_USDT	0.02904	0.0100	pay 0.0100% / 8h	7h 10m	$1.5M	$344K	50x
Short	BingX BIO-USDT	0.02905	0.0100	get 0.0050% / 4h	3h 10m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → −0.058%: $9.21
Slippage, 4 orders: −$96.98
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$112.76
Costs to cover: 1.220%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; BingX: live order book, 5 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 Gate live order book, 1 min ago	1.72 bp	51.8 bp −$52	16419.1 bp −$164.2K	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	5.18 bp	18.0 bp −$18	54.3 bp −$543	534.8 bp −$53.5K	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	−0.0678%	1h	0.02902	−0.067%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0049%	4h	0.02896	−0.275%	$262K	$7K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02905	+0.031%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02898	−0.207%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02908	+0.127%	$759K	$196K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02903	−0.030%	$21K	$101K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02905	+0.021%	$6.2M	$7.6M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02905	+0.034%	$2.1M	$2.3M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02903	−0.034%	$1.2M	$2.0M	20x	as long as short
Gate BIO_USDTlong	+0.0100%	8h	0.02904	long leg	$1.5M	$344K	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	0.02903	−0.034%	$412K	$140K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02903	−0.034%	$550K	$119K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02904	0.000%	$1.3M	$542K	50x	as long as short
BingX BIO-USDTshort	+0.0100%	4h	0.02905	+0.034%	—	$1.4M	—
Variational Omni BIO	+0.0100%	4h	0.02897	−0.256%	$31K	$68K	—	as long as short