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: MEXC against BingX−0.104%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$520.519% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.104%, 7d avg −0.050%

Together, before fees−0.005%−$1 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 0.054% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BIO-USDT	0.02889	0.0100	pay 0.0050% / 4h	26m 02s	—	$1.4M	—
Short	MEXC BIO_USDT	0.02886	0.0100	get 0.0050% / 4h	26m 02s	$388K	$127K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → −0.050%: −$5.39
Slippage, 4 orders: −$37.9
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$57.29
Costs to cover: 0.519%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; MEXC: live order book, 35 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 BingX live order book, 6 min ago	5.19 bp	15.7 bp −$16	45.3 bp −$453	578.7 bp −$57.9K	851.6 bp −$425.8K
Sell MEXC live order book, 35 min ago	1.73 bp	10.0 bp −$10	30.5 bp −$305	191.7 bp −$19.2K	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	+0.0054%	4h	0.02891	+0.069%	$264K	$10K	50x	as long as short
Kraken Futures PF_BIOUSD	+0.0060%	1h	0.02890	+0.030%	$11K	$6K	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02890	+0.045%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0098%	4h	0.02887	−0.069%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02890	+0.017%	$21K	$96K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02885	−0.128%	$6.1M	$6.9M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02890	+0.035%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02887	−0.069%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02890	+0.035%	$1.5M	$276K	50x	as long as short
MEXC BIO_USDTshort	+0.0100%	4h	0.02886	−0.104%	$388K	$127K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTM	+0.0100%	4h	0.02892	+0.104%	$559K	$119K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02889	0.000%	$1.3M	$524K	50x	as long as short
BingX BIO-USDTlong	+0.0100%	4h	0.02889	long leg	—	$1.4M	—
Variational Omni BIO	+0.0100%	4h	0.02892	+0.110%	$33K	$71K	—	as long as short
Hyperliquid BIO	+0.0327%	1h	0.02894	+0.190%	$756K	$220K	3x	as long as short