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: Variational Omni against Gate+0.067%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.067% dearer against Gate than usual: you sell high and buy low, +$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	0.02897	0.0100	pay 0.0100% / 8h	5h 37m	$1.5M	$287K	50x
Short	Variational Omni BIO	0.02899	0.0100	get 0.0050% / 4h	1h 37m	$33K	$66K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → 0.000%: $6.68
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.32
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; Variational Omni: 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, 4 min ago	6.88 bp	63.3 bp −$63	17246.7 bp −$172.5K	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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	−0.0633%	1h	0.02892	−0.186%	$11K	$6K	20x	as long as short
Aster BIOUSDT	+0.0050%	4h	0.02896	−0.023%	$21K	$102K	5x	as long as short
BloFin BIO-USDT	+0.0065%	4h	0.02891	−0.207%	$263K	$8K	50x	as long as short
Orderly PERP_BIO_USDC	+0.0093%	4h	0.02892	−0.173%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02896	−0.038%	$15K	$7K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02896	−0.035%	$755K	$220K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02890	−0.242%	$6.1M	$7.2M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02893	−0.138%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02889	−0.276%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDTlong	+0.0100%	8h	0.02897	long leg	$1.5M	$287K	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	0.02891	−0.207%	$402K	$130K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02896	−0.035%	$567K	$119K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02892	−0.173%	$1.3M	$543K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02892	−0.173%	—	$1.4M	—	as long as short
Variational Omni BIOshort	+0.0100%	4h	0.02899	+0.067%	$33K	$66K	—