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 −0.015%

Price spread now: MEXC against KuCoin−0.279%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$432as in the Funding arb table

Net, price: spread back to 7d avg − costs−$449as in the Price arb table

costs, in and out, $10k−$4314.306% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.095%+$10 · spread now −0.279%, 7d avg −0.095%

Together, before fees+0.084%+$8 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 0.184% cheaper against KuCoin than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BIOUSDTM	0.02871	0.0100	pay 0.0050% / 4h	36m 36s	$563K	$116K	20x
Short	MEXC BIO_USDT	0.02863	0.0100	get 0.0050% / 4h	36m 36s	$403K	$133K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now −0.279%Rate

Funding earned: $0
Price spread: −0.279% → −0.095%: −$18.41
Slippage, 4 orders: −$414.62
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$449.03
Costs to cover: 4.306%
Break-even: never at this rate

Slippage from KuCoin: live order book, 47 min ago; MEXC: 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 KuCoin live order book, 47 min ago	8.57 bp	121.6 bp −$122	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.74 bp	9.5 bp −$10	23.9 bp −$239	183.6 bp −$18.4K	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	−0.1166%	1h	0.02868	−0.109%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0091%	4h	0.02869	−0.070%	$21K	$104K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0016%	4h	0.02860	−0.383%	$1.1M	$2.2M	20x	as long as short
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02868	−0.104%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02872	+0.042%	$15K	$7K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02873	+0.052%	$750K	$222K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02861	−0.351%	$6.1M	$7.4M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02863	−0.279%	$2.1M	$2.6M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02869	−0.070%	$1.4M	$290K	50x	as long as short
MEXC BIO_USDTshort	+0.0100%	4h	0.02863	−0.279%	$403K	$133K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTMlong	+0.0100%	4h	0.02871	long leg	$563K	$116K	20x
Bitget BIOUSDT	+0.0100%	4h	0.02866	−0.174%	$1.3M	$556K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02866	−0.174%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02869	−0.071%	$33K	$66K	—	as long as short
BloFin BIO-USDT	+0.0138%	4h	0.02868	−0.104%	$262K	$7K	50x	as long as short