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 +0.015%

Price spread now: KuCoin against MEXC+0.173%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$535as in the Funding arb table

Net, price: spread back to 7d avg − costs−$528as in the Price arb table

costs, in and out, $10k−$5365.359% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.173%, 7d avg +0.090%

Together, before fees−0.024%−$2 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: KuCoin is 0.082% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BIO_USDT	0.02893	0.0100	pay 0.0050% / 4h	38m 08s	$388K	$126K	20x
Short	KuCoin BIOUSDTM	0.02898	0.0100	get 0.0050% / 4h	38m 08s	$560K	$119K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.173%Rate

Funding earned: $0
Price spread: +0.173% → +0.090%: $8.25
Slippage, 4 orders: −$519.87
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$527.62
Costs to cover: 5.359%
Break-even: never at this rate

Slippage from MEXC: live order book, 22 min ago; KuCoin: live order book, 25 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, 22 min ago	1.73 bp	7.3 bp −$7	33.4 bp −$334	197.4 bp −$19.7K	doesn't fit
Sell KuCoin live order book, 25 min ago	5.18 bp	278.9 bp −$279	doesn't fit	doesn't fit	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	+0.0060%	1h	0.02897	+0.137%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0077%	4h	0.02893	0.000%	$263K	$10K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02897	+0.149%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02895	+0.069%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02898	+0.163%	$19K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02893	0.000%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02896	+0.104%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02894	+0.035%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02897	+0.138%	$1.5M	$276K	50x	as long as short
MEXC BIO_USDTlong	+0.0100%	4h	0.02893	long leg	$388K	$126K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTMshort	+0.0100%	4h	0.02898	+0.173%	$560K	$119K	20x
Bitget BIOUSDT	+0.0100%	4h	0.02894	+0.035%	$1.3M	$522K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02895	+0.069%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02899	+0.195%	$34K	$71K	—	as long as short
Hyperliquid BIO	+0.0271%	1h	0.02901	+0.290%	$758K	$219K	3x	as long as short