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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bitget−0.035%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$670.667% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.035%, 7d avg −0.007%

Together, before fees−0.065%−$6 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: MEXC is 0.028% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BIOUSDT	0.02867	0.0100	pay 0.0050% / 4h	2h 53m	$1.3M	$520K	50x
Short	MEXC BIO_USDT	0.02866	0.0100	get 0.0050% / 4h	2h 53m	$380K	$123K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → −0.007%: −$2.81
Slippage, 4 orders: −$50.72
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$69.52
Costs to cover: 0.667%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; MEXC: live order book, 28 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 Bitget live order book, 3 min ago	5.23 bp	25.5 bp −$26	66.9 bp −$669	doesn't fit	doesn't fit
Sell MEXC live order book, 28 min ago	1.73 bp	10.2 bp −$10	30.4 bp −$304	212.4 bp −$21.2K	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	−0.0670%	1h	0.02866	−0.039%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0059%	4h	0.02872	+0.174%	$263K	$9K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02869	+0.059%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02865	−0.070%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02866	−0.035%	$20K	$93K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02865	−0.055%	$6.1M	$6.9M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02866	−0.035%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02866	−0.035%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02868	+0.035%	$1.4M	$265K	50x	as long as short
MEXC BIO_USDTshort	+0.0100%	4h	0.02866	−0.035%	$380K	$123K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTM	+0.0100%	4h	0.02868	+0.035%	$546K	$126K	20x	as long as short
Bitget BIOUSDTlong	+0.0100%	4h	0.02867	long leg	$1.3M	$520K	50x
BingX BIO-USDT	+0.0100%	4h	0.02866	−0.035%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02872	+0.191%	$33K	$70K	—	as long as short
Hyperliquid BIO	+0.0602%	1h	0.02873	+0.195%	$753K	$216K	3x	as long as short