Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against BingX0.000%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$520.516% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now 0.000%, 7d avg −0.048%

Together, before fees−0.097%−$10 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 0.048% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BIO-USDT	0.02900	0.0100	pay 0.0050% / 4h	3h 23m	—	$1.3M	—
Short	MEXC BIO_USDT	0.02900	0.0100	get 0.0050% / 4h	3h 23m	$407K	$136K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.048%: $4.82
Slippage, 4 orders: −$37.58
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$46.76
Costs to cover: 0.516%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; MEXC: live order book, 12 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 BingX live order book, 8 min ago	5.14 bp	15.2 bp −$15	47.1 bp −$471	571.1 bp −$57.1K	doesn't fit
Sell MEXC live order book, 12 min ago	1.72 bp	10.1 bp −$10	36.8 bp −$368	223.9 bp −$22.4K	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	−0.0462%	1h	0.02898	−0.081%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0038%	4h	0.02901	+0.025%	$21K	$102K	5x	as long as short
BloFin BIO-USDT	+0.0041%	4h	0.02898	−0.069%	$264K	$7K	50x	as long as short
OKX BIO-USDT-SWAP	+0.0054%	4h	0.02899	−0.034%	$1.2M	$2.2M	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02907	+0.224%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02898	−0.069%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02906	+0.190%	$757K	$216K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02900	0.000%	$6.1M	$7.4M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02901	+0.034%	$2.2M	$2.5M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02901	+0.034%	$1.5M	$310K	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_USDTshort	+0.0100%	4h	0.02900	0.000%	$407K	$136K	20x
KuCoin BIOUSDTM	+0.0100%	4h	0.02904	+0.138%	$562K	$116K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02900	0.000%	$1.3M	$547K	50x	as long as short
BingX BIO-USDTlong	+0.0100%	4h	0.02900	long leg	—	$1.3M	—
Variational Omni BIO	+0.0100%	4h	0.02901	+0.050%	$34K	$65K	—	as long as short