Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0638%/8h= +69.8% APRpaid last 24h +0.063%

Price spread now: Gate against Kraken Futures+0.108%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Gate

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 +$19 a day on $10k at the current rate, and Gate is 0.108% dearer against Kraken Futures than usual: you sell high and buy low: +$11 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	Kraken Futures PF_BIOUSD	0.02911	−0.0538	get 0.0067% / 1h	28m 39s	$11K	$6K	20x
Short	Gate BIO_USDT	0.02914	0.0100	get 0.0100% / 8h	6h 28m	$1.5M	$302K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.108%Rate

Funding earned: $133.95
Price spread: +0.108% → 0.000%: $10.76
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $119.7
Costs to cover: 0.250%
Break-even: 0.7 days

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago	5.15 bp	57.5 bp −$58	doesn't fit	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 14 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	−0.0538%	1h	0.02911	long leg	$11K	$6K	20x
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02913	+0.073%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02917	+0.221%	$15K	$7K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02914	+0.110%	$20K	$99K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02914	+0.108%	$6.2M	$7.2M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02916	+0.176%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02914	+0.108%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDTshort	+0.0100%	8h	0.02914	+0.108%	$1.5M	$302K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02914	+0.108%	$402K	$129K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02914	+0.108%	$1.3M	$524K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BIO-USDT	+0.0100%	4h	0.02916	+0.176%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02914	+0.092%	$34K	$65K	—	as long as short
KuCoin BIOUSDTM	+0.0122%	4h	0.02919	+0.279%	$566K	$117K	20x	as long as short
Hyperliquid BIO	+0.0149%	1h	0.02919	+0.269%	$762K	$218K	3x	as long as short