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 Bybit−0.069%7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on Bybit 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)−0.054%−$5 · spread now −0.069%, 7d avg −0.119%

Together, before fees−0.080%−$8 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 0.050% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BIOUSDT	0.02902	0.0100	pay 0.0050% / 4h	53m 49s	$2.2M	$2.6M	50x
Short	MEXC BIO_USDT	0.02900	0.0100	get 0.0050% / 4h	53m 49s	$389K	$125K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → −0.119%: $5.04
Slippage, 4 orders: −$39.91
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$49.87
Costs to cover: 0.549%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 7 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 Bybit live order book, 3 min ago	3.45 bp	17.3 bp −$17	113.7 bp −$1,137	doesn't fit	doesn't fit
Sell MEXC live order book, 7 min ago	1.73 bp	10.0 bp −$10	30.5 bp −$305	191.7 bp −$19.2K	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	+0.0060%	1h	0.02904	+0.060%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0086%	4h	0.02902	0.000%	$263K	$10K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02902	+0.014%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02903	+0.034%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02908	+0.207%	$760K	$220K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02903	+0.042%	$18K	$94K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02901	−0.034%	$6.2M	$6.8M	50x	as long as short
Bybit BIOUSDTlong	+0.0100%	4h	0.02902	long leg	$2.2M	$2.6M	50x
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02901	−0.034%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02903	+0.034%	$1.5M	$264K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BIO_USDTshort	+0.0100%	4h	0.02900	−0.069%	$389K	$125K	20x
KuCoin BIOUSDTM	+0.0100%	4h	0.02907	+0.172%	$560K	$121K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02901	−0.034%	$1.3M	$522K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02904	+0.069%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02901	−0.049%	$34K	$71K	—	as long as short