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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against MEXC+0.103%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$610.611% of the position

Long on MEXC Short on OKX

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)−0.002%$0 · spread now +0.103%, 7d avg +0.052%

Together, before fees−0.022%−$2 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: OKX is 0.052% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BIO_USDT	0.02905	0.0100	pay 0.0050% / 4h	3h 57m	$388K	$126K	20x
Short	OKX BIO-USDT-SWAP	0.02908	0.0100	get 0.0050% / 4h	3h 57m	$1.2M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → +0.052%: $5.16
Slippage, 4 orders: −$47.12
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$55.96
Costs to cover: 0.611%
Break-even: never at this rate

Slippage from MEXC: live order book, 63 min ago; OKX: 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, 63 min ago	1.73 bp	7.3 bp −$7	33.4 bp −$334	197.4 bp −$19.7K	doesn't fit
Sell OKX live order book, 4 min ago	1.72 bp	21.8 bp −$22	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	−0.0224%	1h	0.02906	+0.037%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0076%	4h	0.02901	−0.138%	$263K	$10K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02908	+0.107%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0096%	4h	0.02905	0.000%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02912	+0.231%	$763K	$217K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02907	+0.069%	$21K	$94K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02906	+0.034%	$6.2M	$6.9M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02908	+0.103%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAPshort	+0.0100%	4h	0.02908	+0.103%	$1.2M	$2.2M	20x
Gate BIO_USDT	+0.0100%	8h	0.02907	+0.069%	$1.5M	$270K	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_USDTlong	+0.0100%	4h	0.02905	long leg	$388K	$126K	20x
KuCoin BIOUSDTM	+0.0100%	4h	0.02907	+0.069%	$561K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02907	+0.069%	$1.3M	$500K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02907	+0.069%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02908	+0.090%	$34K	$71K	—	as long as short