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 −0.015%

Price spread now: MEXC against KuCoin−0.139%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$553as in the Funding arb table

Net, price: spread back to 7d avg − costs−$557as in the Price arb table

costs, in and out, $10k−$5525.522% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.139%, 7d avg −0.096%

Together, before fees+0.015%+$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 0.043% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BIOUSDTM	0.02874	0.0100	pay 0.0050% / 4h	10m 28s	$543K	$119K	20x
Short	MEXC BIO_USDT	0.02870	0.0100	get 0.0050% / 4h	10m 28s	$407K	$140K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now −0.139%Rate

Funding earned: $0
Price spread: −0.139% → −0.096%: −$4.31
Slippage, 4 orders: −$536.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$556.52
Costs to cover: 5.522%
Break-even: never at this rate

Slippage from KuCoin: live order book, 23 min ago; MEXC: live order book, 10 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 KuCoin live order book, 23 min ago	5.21 bp	200.2 bp −$200	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 10 min ago	3.49 bp	8.9 bp −$9	33.9 bp −$339	217.6 bp −$21.8K	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	−0.0897%	1h	0.02872	−0.077%	$11K	$6K	20x	as long as short
OKX BIO-USDT-SWAP	+0.0068%	4h	0.02874	0.000%	$1.1M	$2.1M	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02877	+0.090%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02871	−0.104%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02870	−0.134%	$21K	$101K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02871	−0.107%	$6.1M	$7.6M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02870	−0.139%	$2.1M	$2.4M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02873	−0.035%	$1.5M	$340K	50x	as long as short
MEXC BIO_USDTshort	+0.0100%	4h	0.02870	−0.139%	$407K	$140K	20x
KuCoin BIOUSDTMlong	+0.0100%	4h	0.02874	long leg	$543K	$119K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BIOUSDT	+0.0100%	4h	0.02875	+0.035%	$1.3M	$558K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02872	−0.070%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02871	−0.117%	$30K	$68K	—	as long as short
BloFin BIO-USDT	+0.0140%	4h	0.02874	0.000%	$261K	$7K	50x	as long as short
Hyperliquid BIO	+0.0346%	1h	0.02876	+0.056%	$750K	$210K	3x	as long as short