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: Binance against MEXC+0.087%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.087%, 7d avg +0.003%

Together, before fees−0.066%−$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: Binance is 0.085% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BIO_USDT	0.02881	0.0100	pay 0.0050% / 4h	1h 08m	$386K	$128K	20x
Short	Binance BIOUSDT	0.02884	0.0100	get 0.0050% / 4h	1h 08m	$6.1M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → +0.003%: $8.47
Slippage, 4 orders: −$35.8
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$41.33
Costs to cover: 0.498%
Break-even: never at this rate

Slippage from MEXC: live order book, 65 min ago; Binance: live order book, 15 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, 65 min ago	1.74 bp	9.4 bp −$9	33.6 bp −$336	175.5 bp −$17.5K	doesn't fit
Sell Binance live order book, 15 min ago	1.74 bp	15.6 bp −$16	55.6 bp −$556	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
BloFin BIO-USDT	+0.0055%	4h	0.02882	+0.035%	$262K	$9K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02885	+0.146%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02883	+0.069%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02883	+0.069%	$18K	$94K	5x	as long as short
Binance BIOUSDTshort	+0.0100%	4h	0.02884	+0.087%	$6.1M	$6.8M	50x
Bybit BIOUSDT	+0.0100%	4h	0.02884	+0.104%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02883	+0.069%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02884	+0.104%	$1.4M	$269K	50x	as long as short
MEXC BIO_USDTlong	+0.0100%	4h	0.02881	long leg	$386K	$128K	20x
KuCoin BIOUSDTM	+0.0100%	4h	0.02887	+0.208%	$556K	$123K	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	0.02883	+0.069%	$1.3M	$527K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02884	+0.104%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02883	+0.073%	$33K	$71K	—	as long as short
Kraken Futures PF_BIOUSD	+0.0168%	1h	0.02889	+0.279%	$11K	$6K	20x	as long as short
Hyperliquid BIO	+0.0462%	1h	0.02887	+0.215%	$754K	$220K	3x	as long as short