Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0918%/8h= −100.5% APRpaid last 24h +0.008%

Price spread now: Kraken Futures against MEXC+0.005%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$28 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BIO_USDT	0.02900	0.0100	pay 0.0050% / 4h	3h 30m	$387K	$127K	20x
Short	Kraken Futures PF_BIOUSD	0.02900	−0.0818	pay 0.0102% / 1h	30m 47s	$11K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$192.73
Price spread: +0.005% → 0.000%: $0.51
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$206.22
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 12 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 12 min ago	1.74 bp	8.0 bp −$8	28.7 bp −$287	212.4 bp −$21.2K	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_BIOUSDshort	−0.0818%	1h	0.02900	+0.005%	$11K	$9K	20x
BloFin BIO-USDT	+0.0075%	4h	0.02894	−0.207%	$262K	$13K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02901	+0.028%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02897	−0.103%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02905	+0.183%	$762K	$218K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02899	−0.048%	$20K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02898	−0.069%	$6.2M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02901	+0.034%	$2.3M	$2.7M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02900	0.000%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02900	0.000%	$1.5M	$265K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BIO_USDTlong	+0.0100%	4h	0.02900	long leg	$387K	$127K	20x
Bitget BIOUSDT	+0.0100%	4h	0.02899	−0.034%	$1.3M	$530K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02898	−0.069%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02900	−0.016%	$40K	$63K	—	as long as short
KuCoin BIOUSDTM	+0.0106%	4h	0.02903	+0.103%	$556K	$128K	20x	as long as short