Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against MEXC−0.035%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$710.712% of the position

Long on MEXC Short on OKX

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)+0.130%+$13 · spread now −0.035%, 7d avg +0.046%

Together, before fees+0.108%+$11 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: OKX is 0.081% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BIO_USDT	0.02880	0.0100	pay 0.0050% / 4h	1h 15m	$409K	$140K	20x
Short	OKX BIO-USDT-SWAP	0.02879	0.0100	get 0.0050% / 4h	1h 15m	$1.1M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → +0.046%: −$8.11
Slippage, 4 orders: −$57.22
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$79.33
Costs to cover: 0.712%
Break-even: never at this rate

Slippage from MEXC: live order book, 10 min ago; OKX: live order book, 2 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, 10 min ago	5.19 bp	11.8 bp −$12	25.5 bp −$255	186.4 bp −$18.6K	doesn't fit
Sell OKX live order book, 2 min ago	1.74 bp	21.5 bp −$21	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	−0.0539%	1h	0.02882	+0.085%	$11K	$6K	20x	as long as short
Aster BIOUSDT	+0.0053%	4h	0.02880	−0.011%	$21K	$102K	5x	as long as short
BloFin BIO-USDT	+0.0074%	4h	0.02879	−0.035%	$262K	$7K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02886	+0.219%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02880	0.000%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02885	+0.181%	$753K	$214K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02880	−0.005%	$6.1M	$7.6M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02880	0.000%	$2.1M	$2.5M	50x	as long as short
OKX BIO-USDT-SWAPshort	+0.0100%	4h	0.02879	−0.035%	$1.1M	$2.1M	20x
Gate BIO_USDT	+0.0100%	8h	0.02885	+0.174%	$1.5M	$333K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BIO_USDTlong	+0.0100%	4h	0.02880	long leg	$409K	$140K	20x
KuCoin BIOUSDTM	+0.0100%	4h	0.02883	+0.104%	$558K	$116K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02881	+0.035%	$1.3M	$554K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02882	+0.069%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02880	+0.017%	$30K	$68K	—	as long as short