BIO

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1287%/8h= −141.0% APRnext payment −$1.61 per $10,000 · paid last 24h −0.056%

Price spread now: Kraken Futures against Hyperliquid−0.341%50s7-day average — · you buy dearer than you sell

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

Long on Hyperliquid 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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$39 a day on $10k at the current rate, and Kraken Futures is 0.341% cheaper against Hyperliquid than usual: you would sell low and buy high (−$34 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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	Hyperliquid BIO	0.02880	0.0618	pay 0.0077% / 1h	55m 19s	$754K	$219K	3x
Short	Kraken Futures PF_BIOUSD	0.02870	−0.0669	pay 0.0084% / 1h	55m 19s	$11K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hyperliquid. 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 HyperliquidbpFee Kraken FuturesbpOrdersPrice spread, now −0.341%Rate

Funding earned: −$270.36
Price spread: −0.341% → 0.000%: −$34.06
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$323.42
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 29 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 Hyperliquid live order book, 29 min ago	2.25 bp	15.1 bp −$15	doesn't fit	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
Kraken Futures PF_BIOUSDshort	−0.0669%	1h	0.02870	−0.341%	$11K	$6K	20x
Lighter BIO	+0.0096%	1h	0.02873	−0.243%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02875	−0.184%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02872	−0.284%	$20K	$96K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02872	−0.288%	$6.1M	$6.9M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02874	−0.219%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02875	−0.184%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02872	−0.288%	$1.4M	$265K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02872	−0.288%	$380K	$123K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02874	−0.219%	$547K	$126K	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	−0.358%	$1.3M	$520K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02872	−0.288%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02872	−0.271%	$33K	$70K	—	as long as short
BloFin BIO-USDT	+0.0139%	4h	0.02871	−0.323%	$263K	$9K	50x	as long as short
Hyperliquid BIOlong	+0.0618%	1h	0.02880	long leg	$754K	$219K	3x