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: Bybit against MEXC+0.070%7-day average +0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

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

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

Long on MEXC Short on Bybit

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)+0.059%+$6 · spread now +0.070%, 7d avg +0.110%

Together, before fees+0.081%+$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: Bybit is 0.041% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BIO_USDT	0.02875	0.0100	pay 0.0050% / 4h	1h 51m	$389K	$137K	20x
Short	Bybit BIOUSDT	0.02877	0.0100	get 0.0050% / 4h	1h 51m	$2.1M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → +0.110%: −$4.08
Slippage, 4 orders: −$40.42
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$59.49
Costs to cover: 0.554%
Break-even: never at this rate

Slippage from MEXC: live order book, 54 min ago; Bybit: live order book, 3 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, 54 min ago	1.74 bp	9.7 bp −$10	29.8 bp −$298	209.5 bp −$20.9K	doesn't fit
Sell Bybit live order book, 3 min ago	3.47 bp	17.8 bp −$18	99.7 bp −$997	doesn't fit	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	−0.0888%	1h	0.02878	+0.118%	$11K	$6K	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02882	+0.237%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0098%	4h	0.02875	0.000%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02883	+0.264%	$755K	$174K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02876	+0.040%	$26K	$91K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02876	+0.035%	$6.1M	$7.1M	50x	as long as short
Bybit BIOUSDTshort	+0.0100%	4h	0.02877	+0.070%	$2.1M	$2.1M	50x
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02873	−0.070%	$1.1M	$1.9M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02878	+0.104%	$1.5M	$326K	50x	as long as short
MEXC BIO_USDTlong	+0.0100%	4h	0.02875	long leg	$389K	$137K	20x

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTM	+0.0100%	4h	0.02877	+0.070%	$523K	$126K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02876	+0.035%	$1.3M	$522K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02876	+0.035%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02883	+0.287%	$27K	$69K	—	as long as short
BloFin BIO-USDT	+0.0101%	4h	0.02878	+0.104%	$266K	$4K	50x	as long as short