Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0745%/8h= +81.5% APRpaid last 24h 0.000%

Price spread now: BloFin against Kraken Futures−0.025%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 BloFin

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

Funding pays, the price is against you. BloFin is 0.025% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$22 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BIOUSD	0.02885	−0.0666	get 0.0083% / 1h	22m 30s	$11K	$6K	20x
Short	BloFin BIO-USDT	0.02884	0.0079	get 0.0039% / 4h	2h 22m	$262K	$9K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.025%Rate

Funding earned: $156.37
Price spread: −0.025% → 0.000%: −$2.53
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $131.84
Costs to cover: 0.220%
Break-even: 1.1 days

Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 61 min ago. 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 BloFin live order book, 61 min ago	3.47 bp	21.4 bp −$21	53.2 bp −$532	doesn't fit	doesn't fit

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_BIOUSDlong	−0.0666%	1h	0.02885	long leg	$11K	$6K	20x
BloFin BIO-USDTshort	+0.0079%	4h	0.02884	−0.025%	$262K	$9K	50x
Lighter BIO	+0.0096%	1h	0.02885	+0.002%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02883	−0.060%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02882	−0.088%	$19K	$93K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02881	−0.144%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02882	−0.095%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02883	−0.060%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02885	+0.009%	$1.4M	$266K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02881	−0.129%	$382K	$127K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTM	+0.0100%	4h	0.02887	+0.079%	$550K	$124K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02882	−0.095%	$1.3M	$519K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02882	−0.095%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02882	−0.098%	$33K	$70K	—	as long as short
Hyperliquid BIO	+0.0684%	1h	0.02890	+0.179%	$757K	$217K	3x	as long as short