Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against Gate−0.070%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$236as in the Funding arb table

Net, price: spread back to 7d avg − costs−$238as in the Price arb table

costs, in and out, $10k−$2402.401% of the position

Long on Gate Short on Bitget

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+0.037%+$4 · spread now −0.070%, 7d avg −0.095%

Together, before fees+0.083%+$8 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: Bitget is 0.025% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BIO_USDT	0.02872	0.0100	pay 0.0100% / 8h	2h 33m	$1.4M	$265K	50x
Short	Bitget BIOUSDT	0.02870	0.0100	get 0.0050% / 4h	2h 33m	$1.3M	$520K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → −0.095%: $2.55
Slippage, 4 orders: −$213.11
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$237.56
Costs to cover: 2.401%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Bitget: 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 Gate live order book, 4 min ago	6.97 bp	112.5 bp −$113	18565.5 bp −$185.7K	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	8.72 bp	28.5 bp −$28	71.1 bp −$711	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	−0.0669%	1h	0.02872	−0.017%	$11K	$6K	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02874	+0.059%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02870	−0.070%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02872	−0.004%	$19K	$93K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02870	−0.070%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02871	−0.035%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02871	−0.035%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDTlong	+0.0100%	8h	0.02872	long leg	$1.4M	$265K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02868	−0.139%	$384K	$125K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02873	+0.035%	$547K	$125K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BIOUSDTshort	+0.0100%	4h	0.02870	−0.070%	$1.3M	$520K	50x
BingX BIO-USDT	+0.0100%	4h	0.02871	−0.035%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02867	−0.178%	$33K	$70K	—	as long as short
BloFin BIO-USDT	+0.0154%	4h	0.02872	0.000%	$262K	$9K	50x	as long as short
Hyperliquid BIO	+0.0642%	1h	0.02877	+0.160%	$754K	$217K	3x	as long as short