Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit−0.070%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$550.554% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now −0.070%, 7d avg −0.108%

Together, before fees−0.072%−$7 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 0.038% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BIOUSDT	0.02860	0.0100	pay 0.0050% / 4h	28m 23s	$2.1M	$1.9M	50x
Short	MEXC BIO_USDT	0.02858	0.0100	get 0.0050% / 4h	28m 23s	$396K	$139K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → −0.108%: $3.84
Slippage, 4 orders: −$40.42
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$51.57
Costs to cover: 0.554%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; MEXC: live order book, 69 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 Bybit live order book, 6 min ago	3.49 bp	18.7 bp −$19	111.3 bp −$1,113	doesn't fit	doesn't fit
Sell MEXC live order book, 69 min ago	1.75 bp	9.5 bp −$10	35.3 bp −$353	216.4 bp −$21.6K	doesn't fit

BIO on 15 exchanges

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	−0.0766%	1h	0.02857	−0.102%	$11K	$5K	20x	as long as short
BloFin BIO-USDT	+0.0081%	4h	0.02855	−0.175%	$264K	$4K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02862	+0.059%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02856	−0.140%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02866	+0.199%	$750K	$166K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02857	−0.093%	$25K	$86K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02861	+0.035%	$6.0M	$6.7M	50x	as long as short
Bybit BIOUSDTlong	+0.0100%	4h	0.02860	long leg	$2.1M	$1.9M	50x
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02858	−0.070%	$1.1M	$1.7M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02859	−0.035%	$1.5M	$333K	50x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BIO_USDTshort	+0.0100%	4h	0.02858	−0.070%	$396K	$139K	20x
KuCoin BIOUSDTM	+0.0100%	4h	0.02859	−0.035%	$519K	$119K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02858	−0.070%	$1.2M	$502K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02861	+0.035%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02860	−0.011%	$27K	$45K	—	as long as short