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: KuCoin against MEXC+0.210%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$430as in the Funding arb table

Net, price: spread back to 7d avg − costs−$419as in the Price arb table

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

Long on MEXC Short on KuCoin

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)−0.026%−$3 · spread now +0.210%, 7d avg +0.095%

Together, before fees−0.015%−$2 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: KuCoin is 0.115% dearer against MEXC than usual: you sell high and buy low, +$12 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	MEXC BIO_USDT	0.02862	0.0100	pay 0.0050% / 4h	36m 06s	$403K	$133K	20x
Short	KuCoin BIOUSDTM	0.02868	0.0100	get 0.0050% / 4h	36m 06s	$562K	$116K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.210%Rate

Funding earned: $0
Price spread: +0.210% → +0.095%: $11.51
Slippage, 4 orders: −$414.62
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$419.11
Costs to cover: 4.306%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; KuCoin: live order book, 47 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, 5 min ago	1.74 bp	8.3 bp −$8	29.5 bp −$295	207.9 bp −$20.8K	doesn't fit
Sell KuCoin live order book, 47 min ago	8.57 bp	291.2 bp −$291	doesn't fit	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
Kraken Futures PF_BIOUSD	−0.1168%	1h	0.02864	+0.059%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0091%	4h	0.02865	+0.113%	$21K	$104K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0016%	4h	0.02864	+0.070%	$1.1M	$2.2M	20x	as long as short
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02861	−0.035%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02871	+0.300%	$15K	$7K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02869	+0.262%	$749K	$222K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02864	+0.070%	$6.1M	$7.4M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02865	+0.105%	$2.1M	$2.6M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02868	+0.210%	$1.4M	$290K	50x	as long as short
MEXC BIO_USDTlong	+0.0100%	4h	0.02862	long leg	$403K	$133K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTMshort	+0.0100%	4h	0.02868	+0.210%	$562K	$116K	20x
Bitget BIOUSDT	+0.0100%	4h	0.02865	+0.105%	$1.3M	$556K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02866	+0.140%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02862	+0.017%	$33K	$66K	—	as long as short
BloFin BIO-USDT	+0.0138%	4h	0.02868	+0.210%	$262K	$7K	50x	as long as short