Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0069%/8h= +7.5% APRpaid last 24h −0.021%

Price spread now: Kraken Futures against Binance+0.215%7-day average — · you sell dearer than you buy

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

Long on Binance 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kraken Futures is 0.215% dearer against Binance than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BIOUSDT	0.02878	0.0100	pay 0.0050% / 4h	1h 36m	$6.1M	$6.8M	50x
Short	Kraken Futures PF_BIOUSD	0.02884	0.0169	get 0.0021% / 1h	36m 35s	$11K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.215%Rate

Funding earned: $14.39
Price spread: +0.215% → 0.000%: $21.5
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $15.89
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Binance: live order book, 2 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 Binance live order book, 2 min ago	1.73 bp	13.7 bp −$14	60.5 bp −$605	doesn't fit	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
BloFin BIO-USDT	+0.0073%	4h	0.02879	+0.031%	$261K	$9K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02883	+0.173%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02883	+0.170%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02883	+0.172%	$18K	$93K	5x	as long as short
Binance BIOUSDTlong	+0.0100%	4h	0.02878	long leg	$6.1M	$6.8M	50x
Bybit BIOUSDT	+0.0100%	4h	0.02880	+0.066%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02879	+0.031%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02884	+0.205%	$1.4M	$265K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02879	+0.031%	$386K	$126K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02887	+0.309%	$556K	$124K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BIOUSDT	+0.0100%	4h	0.02881	+0.100%	$1.3M	$528K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02882	+0.135%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02888	+0.349%	$33K	$71K	—	as long as short
Kraken Futures PF_BIOUSDshort	+0.0169%	1h	0.02884	+0.215%	$11K	$6K	20x
Hyperliquid BIO	+0.0495%	1h	0.02887	+0.312%	$752K	$218K	3x	as long as short