Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0769%/8h= −84.2% APRpaid last 24h −0.005%

Price spread now: Kraken Futures against BingX+0.018%53s7-day average — · you sell dearer than you buy

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

Long on BingX 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: −$23 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BIO-USDT	0.02871	0.0100	pay 0.0050% / 4h	2h 32m	—	$1.4M	—
Short	Kraken Futures PF_BIOUSD	0.02872	−0.0669	pay 0.0084% / 1h	32m 22s	$11K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$161.46
Price spread: +0.018% → 0.000%: $1.79
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$179.66
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 4 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 BingX live order book, 4 min ago	5.23 bp	19.4 bp −$19	55.2 bp −$552	581.8 bp −$58.2K	843.5 bp −$421.8K
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	−0.0669%	1h	0.02872	+0.018%	$11K	$6K	20x
Lighter BIO	+0.0096%	1h	0.02874	+0.094%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02872	+0.035%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02873	+0.057%	$19K	$93K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02871	0.000%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02872	+0.035%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02872	+0.035%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02873	+0.070%	$1.4M	$265K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02870	−0.035%	$385K	$125K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02877	+0.209%	$548K	$125K	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	0.02870	−0.035%	$1.3M	$520K	50x	as long as short
BingX BIO-USDTlong	+0.0100%	4h	0.02871	long leg	—	$1.4M	—
Variational Omni BIO	+0.0100%	4h	0.02867	−0.143%	$33K	$70K	—	as long as short
BloFin BIO-USDT	+0.0154%	4h	0.02872	+0.035%	$262K	$9K	50x	as long as short
Hyperliquid BIO	+0.0644%	1h	0.02876	+0.174%	$754K	$217K	3x	as long as short