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

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

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

Long on MEXC Short on Bitget

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)+0.108%+$11 · spread now −0.035%, 7d avg +0.007%

Together, before fees+0.134%+$13 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: Bitget is 0.042% cheaper against MEXC than usual: you would sell low and buy high, −$4 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	MEXC BIO_USDT	0.02869	0.0100	pay 0.0050% / 4h	2h 53m	$380K	$123K	20x
Short	Bitget BIOUSDT	0.02868	0.0100	get 0.0050% / 4h	2h 53m	$1.3M	$520K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → +0.007%: −$4.17
Slippage, 4 orders: −$50.72
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$70.88
Costs to cover: 0.667%
Break-even: never at this rate

Slippage from MEXC: live order book, 29 min ago; Bitget: live order book, 3 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 MEXC live order book, 29 min ago	1.73 bp	8.7 bp −$9	30.0 bp −$300	212.9 bp −$21.3K	doesn't fit
Sell Bitget live order book, 3 min ago	5.23 bp	22.3 bp −$22	61.6 bp −$616	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	−0.0670%	1h	0.02866	−0.108%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0059%	4h	0.02872	+0.105%	$263K	$9K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02869	−0.010%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02870	+0.035%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02866	−0.105%	$20K	$93K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02868	−0.029%	$6.1M	$6.9M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02870	+0.035%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02869	0.000%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02869	0.000%	$1.4M	$265K	50x	as long as short
MEXC BIO_USDTlong	+0.0100%	4h	0.02869	long leg	$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	0.02869	0.000%	$546K	$126K	20x	as long as short
Bitget BIOUSDTshort	+0.0100%	4h	0.02868	−0.035%	$1.3M	$520K	50x
BingX BIO-USDT	+0.0100%	4h	0.02867	−0.070%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02872	+0.121%	$33K	$70K	—	as long as short
Hyperliquid BIO	+0.0610%	1h	0.02875	+0.227%	$754K	$216K	3x	as long as short