Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against MEXC+0.034%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1281.277% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now +0.034%, 7d avg +0.080%

Together, before fees+0.094%+$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: Gate is 0.046% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BIO_USDT	0.02929	0.0100	pay 0.0050% / 4h	3h 18m	$400K	$129K	20x
Short	Gate BIO_USDT	0.02930	0.0100	get 0.0100% / 8h	7h 18m	$1.5M	$284K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → +0.080%: −$4.56
Slippage, 4 orders: −$108.68
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$132.24
Costs to cover: 1.277%
Break-even: never at this rate

Slippage from MEXC: live order book, 37 min ago; Gate: live order book, 4 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, 37 min ago	1.72 bp	6.2 bp −$6	31.5 bp −$315	198.5 bp −$19.8K	doesn't fit
Sell Gate live order book, 4 min ago	5.12 bp	53.5 bp −$53	doesn't fit	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	−0.0222%	1h	0.02930	+0.035%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0083%	4h	0.02928	−0.034%	$266K	$10K	50x	as long as short
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02926	−0.102%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02927	−0.065%	$11K	$3K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02935	+0.198%	$768K	$215K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02920	−0.321%	$21K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02929	−0.014%	$6.2M	$6.9M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02930	+0.034%	$2.2M	$2.5M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02928	−0.034%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDTshort	+0.0100%	8h	0.02930	+0.034%	$1.5M	$284K	50x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BIO_USDTlong	+0.0100%	4h	0.02929	long leg	$400K	$129K	20x
KuCoin BIOUSDTM	+0.0100%	4h	0.02924	−0.171%	$566K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02930	+0.034%	$1.3M	$505K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02926	−0.102%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02931	+0.069%	$34K	$68K	—	as long as short