Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: MEXC against KuCoin−0.240%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$526as in the Funding arb table

Net, price: spread back to 7d avg − costs−$540as in the Price arb table

costs, in and out, $10k−$5255.253% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.240%, 7d avg −0.095%

Together, before fees+0.085%+$9 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 0.145% cheaper against KuCoin than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BIOUSDTM	0.02914	0.0100	pay 0.0050% / 4h	3h 28m	$564K	$116K	20x
Short	MEXC BIO_USDT	0.02907	0.0100	get 0.0050% / 4h	3h 28m	$408K	$134K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now −0.240%Rate

Funding earned: $0
Price spread: −0.240% → −0.095%: −$14.48
Slippage, 4 orders: −$509.32
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$539.8
Costs to cover: 5.253%
Break-even: never at this rate

Slippage from KuCoin: live order book, 45 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 KuCoin live order book, 45 min ago	8.61 bp	159.8 bp −$160	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 7 min ago	1.72 bp	10.1 bp −$10	36.8 bp −$368	223.9 bp −$22.4K	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	−0.0460%	1h	0.02908	−0.203%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0010%	4h	0.02914	−0.001%	$21K	$102K	5x	as long as short
Lighter BIO	+0.0096%	1h	0.02916	+0.055%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02909	−0.172%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02912	−0.055%	$759K	$216K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02907	−0.256%	$6.1M	$7.4M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02912	−0.069%	$2.2M	$2.5M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02906	−0.275%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02913	−0.034%	$1.5M	$310K	50x	as long as short
MEXC BIO_USDTshort	+0.0100%	4h	0.02907	−0.240%	$408K	$134K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTMlong	+0.0100%	4h	0.02914	long leg	$564K	$116K	20x
Bitget BIOUSDT	+0.0100%	4h	0.02910	−0.137%	$1.3M	$545K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02910	−0.137%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02916	+0.085%	$34K	$65K	—	as long as short
BloFin BIO-USDT	+0.0139%	4h	0.02911	−0.103%	$265K	$7K	50x	as long as short