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: BingX against MEXC+0.139%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

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

Long on MEXC Short on BingX

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)−0.056%−$6 · spread now +0.139%, 7d avg +0.050%

Together, before fees−0.030%−$3 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: BingX is 0.089% dearer against MEXC than usual: you sell high and buy low, +$9 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	MEXC BIO_USDT	0.02884	0.0100	pay 0.0050% / 4h	21m 16s	$387K	$127K	20x
Short	BingX BIO-USDT	0.02888	0.0100	get 0.0050% / 4h	21m 16s	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → +0.050%: $8.88
Slippage, 4 orders: −$37.9
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$43.02
Costs to cover: 0.519%
Break-even: never at this rate

Slippage from MEXC: live order book, 39 min ago; BingX: 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 MEXC live order book, 39 min ago	1.73 bp	7.3 bp −$7	33.4 bp −$334	197.4 bp −$19.7K	doesn't fit
Sell BingX live order book, 10 min ago	5.19 bp	18.9 bp −$19	55.4 bp −$554	533.9 bp −$53.4K	810.7 bp −$405.3K

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	+0.0060%	1h	0.02886	+0.071%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0084%	4h	0.02885	+0.035%	$263K	$10K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02888	+0.135%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0096%	4h	0.02884	0.000%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02889	+0.172%	$21K	$96K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02884	+0.014%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02887	+0.104%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02886	+0.069%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02888	+0.139%	$1.5M	$276K	50x	as long as short
MEXC BIO_USDTlong	+0.0100%	4h	0.02884	long leg	$387K	$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	0.02891	+0.243%	$559K	$118K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02888	+0.139%	$1.3M	$501K	50x	as long as short
BingX BIO-USDTshort	+0.0100%	4h	0.02888	+0.139%	—	$1.4M	—
Variational Omni BIO	+0.0100%	4h	0.02888	+0.125%	$33K	$71K	—	as long as short
Hyperliquid BIO	+0.0339%	1h	0.02893	+0.302%	$755K	$216K	3x	as long as short