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: MEXC against OKX+0.070%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$710.711% of the position

Long on OKX Short on MEXC

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)−0.155%−$16 · spread now +0.070%, 7d avg −0.052%

Together, before fees−0.136%−$14 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 0.122% dearer against OKX than usual: you sell high and buy low, +$12 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	OKX BIO-USDT-SWAP	0.02876	0.0100	pay 0.0050% / 4h	1h 32m	$1.2M	$2.3M	20x
Short	MEXC BIO_USDT	0.02878	0.0100	get 0.0050% / 4h	1h 32m	$385K	$126K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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 OKXbpFee MEXCbpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → −0.052%: $12.18
Slippage, 4 orders: −$57.12
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$58.94
Costs to cover: 0.711%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; MEXC: live order book, 41 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 OKX live order book, 4 min ago	1.74 bp	26.1 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 41 min ago	1.74 bp	11.0 bp −$11	36.2 bp −$362	196.5 bp −$19.7K	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
BloFin BIO-USDT	+0.0043%	4h	0.02875	−0.035%	$261K	$9K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02883	+0.229%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02878	+0.070%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02881	+0.173%	$18K	$93K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02877	+0.021%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02880	+0.139%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAPlong	+0.0100%	4h	0.02876	long leg	$1.2M	$2.3M	20x
Gate BIO_USDT	+0.0100%	8h	0.02881	+0.174%	$1.4M	$265K	50x	as long as short
MEXC BIO_USDTshort	+0.0100%	4h	0.02878	+0.070%	$385K	$126K	20x
KuCoin BIOUSDTM	+0.0100%	4h	0.02883	+0.243%	$555K	$124K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BIOUSDT	+0.0100%	4h	0.02879	+0.104%	$1.3M	$528K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02878	+0.070%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02883	+0.249%	$33K	$71K	—	as long as short
Kraken Futures PF_BIOUSD	+0.0169%	1h	0.02881	+0.157%	$11K	$6K	20x	as long as short
Hyperliquid BIO	+0.0478%	1h	0.02884	+0.285%	$751K	$219K	3x	as long as short