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 Bybit−0.206%7-day average −0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$620.622% of the position

Long on Bybit 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)+0.096%+$10 · spread now −0.206%, 7d avg −0.116%

Together, before fees+0.070%+$7 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 0.090% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.116%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BIOUSDT	0.02914	0.0100	pay 0.0050% / 4h	1h 55m	$2.2M	$2.6M	50x
Short	MEXC BIO_USDT	0.02908	0.0100	get 0.0050% / 4h	1h 55m	$401K	$127K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now −0.206%Rate

Funding earned: $0
Price spread: −0.206% → −0.116%: −$9
Slippage, 4 orders: −$47.22
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$71.22
Costs to cover: 0.622%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 55 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 Bybit live order book, 1 min ago	1.72 bp	20.9 bp −$21	126.7 bp −$1,267	doesn't fit	doesn't fit
Sell MEXC live order book, 55 min ago	1.72 bp	9.3 bp −$9	36.4 bp −$364	211.7 bp −$21.2K	doesn't fit

BIO on 14 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	−0.0627%	1h	0.02918	+0.137%	$11K	$6K	20x	as long as short
Orderly PERP_BIO_USDC	+0.0093%	4h	0.02917	+0.103%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02914	+0.014%	$15K	$7K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02913	−0.021%	$760K	$216K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02912	−0.069%	$20K	$99K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02907	−0.256%	$6.2M	$7.1M	50x	as long as short
Bybit BIOUSDTlong	+0.0100%	4h	0.02914	long leg	$2.2M	$2.6M	50x
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02905	−0.309%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02913	−0.034%	$1.5M	$286K	50x	as long as short
MEXC BIO_USDTshort	+0.0100%	4h	0.02908	−0.206%	$401K	$127K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTM	+0.0100%	4h	0.02912	−0.069%	$565K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02914	0.000%	$1.3M	$536K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02914	0.000%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02922	+0.258%	$34K	$65K	—	as long as short