Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0003%/8h= −0.4% APRpaid last 24h −0.002%

Price spread now: Orderly against Gate−0.069%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.069% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BIO_USDT	0.02883	0.0100	pay 0.0100% / 8h	2h 21m	$1.4M	$266K	50x
Short	Orderly PERP_BIO_USDC	0.02881	0.0097	get 0.0048% / 4h	2h 21m	$13K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.069%Rate

Funding earned: −$0.68
Price spread: −0.069% → 0.000%: −$6.94
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$28.62
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 6 min ago; Orderly: no order-book sample. Net counts fees only.

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, 6 min ago	6.94 bp	139.9 bp −$140	18885.4 bp −$188.9K	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.02883	+0.017%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0079%	4h	0.02884	+0.035%	$262K	$9K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02886	+0.118%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDCshort	+0.0097%	4h	0.02881	−0.069%	$13K	—	10x
Aster BIOUSDT	+0.0100%	4h	0.02882	−0.047%	$19K	$93K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02882	−0.041%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02884	+0.035%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02885	+0.069%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDTlong	+0.0100%	8h	0.02883	long leg	$1.4M	$266K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02881	−0.069%	$382K	$127K	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	0.02886	+0.104%	$550K	$123K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02882	−0.035%	$1.3M	$519K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02883	0.000%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02882	−0.038%	$33K	$70K	—	as long as short
Hyperliquid BIO	+0.0692%	1h	0.02889	+0.222%	$756K	$217K	3x	as long as short