Funding arb · Price arb /

BIO

all BIO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0770%/8h= +84.3% APRpaid last 24h +0.005%

Price spread now: Aster against Kraken Futures−0.042%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Aster

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 airdropAster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.042% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$23 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BIOUSD	0.02867	−0.0670	get 0.0084% / 1h	44m 17s	$11K	$6K	20x
Short	Aster BIOUSDT	0.02866	0.0100	get 0.0050% / 4h	2h 44m	$19K	$93K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.042%Rate

Funding earned: $161.67
Price spread: −0.042% → 0.000%: −$4.17
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $139.5
Costs to cover: 0.180%
Break-even: 1.0 days

Slippage unknown: Kraken Futures: no order-book sample; Aster: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Kraken Futures and Aster: 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_BIOUSDlong	−0.0670%	1h	0.02867	long leg	$11K	$6K	20x
Lighter BIO	+0.0096%	1h	0.02867	+0.007%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02865	−0.077%	$13K	—	10x	as long as short
Aster BIOUSDTshort	+0.0100%	4h	0.02866	−0.042%	$19K	$93K	5x
Binance BIOUSDT	+0.0100%	4h	0.02863	−0.146%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02866	−0.042%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02866	−0.042%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02866	−0.042%	$1.4M	$265K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02863	−0.146%	$379K	$124K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02869	+0.063%	$546K	$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	0.02863	−0.146%	$1.3M	$520K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02865	−0.077%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02867	−0.006%	$33K	$70K	—	as long as short
BloFin BIO-USDT	+0.0126%	4h	0.02861	−0.216%	$262K	$9K	50x	as long as short
Hyperliquid BIO	+0.0571%	1h	0.02871	+0.136%	$752K	$216K	3x	as long as short