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: Bybit against Gate+0.034%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1551.555% of the position

Long on Gate Short on Bybit

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−0.138%−$14 · spread now +0.034%, 7d avg −0.019%

Together, before fees−0.093%−$9 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: Bybit is 0.053% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BIO_USDT	0.02936	0.0100	pay 0.0100% / 8h	7h 11m	$1.5M	$285K	50x
Short	Bybit BIOUSDT	0.02937	0.0100	get 0.0050% / 4h	3h 11m	$2.2M	$2.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → −0.019%: $5.34
Slippage, 4 orders: −$129.47
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$150.13
Costs to cover: 1.555%
Break-even: never at this rate

Slippage from Gate: live order book, just now; Bybit: 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, just now	3.41 bp	62.8 bp −$63	16700.3 bp −$167.0K	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.40 bp	21.8 bp −$22	113.5 bp −$1,135	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	−0.0221%	1h	0.02936	−0.008%	$11K	$6K	20x	as long as short
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02934	−0.068%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02938	+0.054%	$11K	$3K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02935	−0.047%	$21K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02934	−0.085%	$6.3M	$6.9M	50x	as long as short
Bybit BIOUSDTshort	+0.0100%	4h	0.02937	+0.034%	$2.2M	$2.5M	50x
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02933	−0.102%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDTlong	+0.0100%	8h	0.02936	long leg	$1.5M	$285K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02934	−0.068%	$401K	$130K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02937	+0.034%	$568K	$117K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BIOUSDT	+0.0100%	4h	0.02935	−0.034%	$1.3M	$504K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02935	−0.034%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02936	−0.015%	$34K	$68K	—	as long as short
Hyperliquid BIO	+0.0139%	1h	0.02938	+0.082%	$769K	$215K	3x	as long as short
BloFin BIO-USDT	+0.0142%	4h	0.02939	+0.102%	$267K	$10K	50x	as long as short