Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0015%/8h= +1.7% APRpaid last 24h 0.000%

Price spread now: Gate against OKX+0.069%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1441.436% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.030%+$3 · spread now +0.069%, 7d avg +0.046%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Gate is 0.023% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BIO-USDT-SWAP	0.02891	0.0085	pay 0.0042% / 4h	2h 13m	$1.2M	$2.2M	20x
Short	Gate BIO_USDT	0.02893	0.0100	get 0.0100% / 8h	2h 13m	$1.5M	$318K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now +0.069%Rate

Funding earned: $3.22
Price spread: +0.069% → +0.046%: $2.29
Slippage, 4 orders: −$118.57
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$138.05
Costs to cover: 1.436%
Break-even: 306.8 days

Slippage from OKX: live order book, 4 min ago; Gate: live order book, 4 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 OKX live order book, 4 min ago	3.47 bp	28.0 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	5.20 bp	49.9 bp −$50	doesn't fit	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	−0.0567%	1h	0.02893	+0.060%	$11K	$6K	20x	as long as short
Aster BIOUSDT	+0.0019%	4h	0.02892	+0.025%	$21K	$101K	5x	as long as short
OKX BIO-USDT-SWAPlong	+0.0085%	4h	0.02891	long leg	$1.2M	$2.2M	20x
BloFin BIO-USDT	+0.0092%	4h	0.02889	−0.069%	$259K	$7K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02898	+0.235%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02891	0.000%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02897	+0.201%	$755K	$216K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02893	+0.061%	$6.1M	$7.6M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02893	+0.069%	$2.1M	$2.5M	50x	as long as short
Gate BIO_USDTshort	+0.0100%	8h	0.02893	+0.069%	$1.5M	$318K	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	0.000%	$409K	$138K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02895	+0.138%	$563K	$118K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02893	+0.069%	$1.3M	$550K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02892	+0.035%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02882	−0.310%	$30K	$68K	—	as long as short