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 0.000%

Price spread now: MEXC against OKX+0.103%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$620.620% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.204%−$20 · spread now +0.103%, 7d avg −0.052%

Together, before fees−0.185%−$18 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 0.155% dearer against OKX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BIO-USDT-SWAP	0.02907	0.0100	pay 0.0050% / 4h	3h 50m	$1.2M	$2.2M	20x
Short	MEXC BIO_USDT	0.02910	0.0100	get 0.0050% / 4h	3h 50m	$387K	$126K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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 OKXbpFee MEXCbpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → −0.052%: $15.48
Slippage, 4 orders: −$47.96
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$46.47
Costs to cover: 0.620%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; MEXC: live order book, 5 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 OKX live order book, 2 min ago	1.72 bp	22.2 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.72 bp	10.6 bp −$11	38.6 bp −$386	210.5 bp −$21.1K	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	−0.0223%	1h	0.02908	+0.041%	$11K	$6K	20x	as long as short
Orderly PERP_BIO_USDC	+0.0096%	4h	0.02906	−0.034%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02911	+0.148%	$11K	$3K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02911	+0.135%	$21K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02910	+0.103%	$6.2M	$6.9M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02913	+0.206%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAPlong	+0.0100%	4h	0.02907	long leg	$1.2M	$2.2M	20x
Gate BIO_USDT	+0.0100%	8h	0.02914	+0.241%	$1.5M	$270K	50x	as long as short
MEXC BIO_USDTshort	+0.0100%	4h	0.02910	+0.103%	$387K	$126K	20x
KuCoin BIOUSDTM	+0.0100%	4h	0.02915	+0.275%	$563K	$116K	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	0.02914	+0.241%	$1.3M	$509K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02911	+0.138%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02909	+0.053%	$34K	$68K	—	as long as short
Hyperliquid BIO	+0.0117%	1h	0.02917	+0.334%	$764K	$216K	3x	as long as short
BloFin BIO-USDT	+0.0157%	4h	0.02901	−0.206%	$262K	$10K	50x	as long as short