Funding arb · Price arb /

BIO

all BIO markets

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: Bybit against MEXC+0.035%7-day average +0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

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

costs, in and out, $10k−$620.616% of the position

Long on MEXC Short on Bybit

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)+0.094%+$9 · spread now +0.035%, 7d avg +0.120%

Together, before fees+0.120%+$12 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: Bybit is 0.085% cheaper against MEXC than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.120%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BIO_USDT	0.02865	0.0100	pay 0.0050% / 4h	2h 36m	$379K	$124K	20x
Short	Bybit BIOUSDT	0.02866	0.0100	get 0.0050% / 4h	2h 36m	$2.2M	$2.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.120%: −$8.55
Slippage, 4 orders: −$46.57
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$70.12
Costs to cover: 0.616%
Break-even: never at this rate

Slippage from MEXC: live order book, 46 min ago; Bybit: live order book, 1 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, 46 min ago	1.73 bp	8.7 bp −$9	30.0 bp −$300	212.9 bp −$21.3K	doesn't fit
Sell Bybit live order book, 1 min ago	5.23 bp	20.6 bp −$21	113.7 bp −$1,137	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	0.02868	+0.091%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0090%	4h	0.02863	−0.070%	$262K	$9K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02869	+0.157%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02866	+0.035%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02865	−0.011%	$19K	$93K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02865	+0.015%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDTshort	+0.0100%	4h	0.02866	+0.035%	$2.2M	$2.6M	50x
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	0.02864	−0.035%	$1.4M	$265K	50x	as long as short
MEXC BIO_USDTlong	+0.0100%	4h	0.02865	long leg	$379K	$124K	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	+0.140%	$546K	$125K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02866	+0.035%	$1.3M	$519K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02867	+0.070%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02865	−0.017%	$33K	$70K	—	as long as short
Hyperliquid BIO	+0.0623%	1h	0.02874	+0.304%	$753K	$217K	3x	as long as short