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: Variational Omni against Kraken Futures−0.161%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.161% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.161% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 17 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	0.02872	−0.0669	get 0.0084% / 1h	32m 34s	$11K	$6K	20x
Short	Variational Omni BIO	0.02867	0.0100	get 0.0050% / 4h	2h 32m	$33K	$70K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.161%Rate

Funding earned: $161.46
Price spread: −0.161% → 0.000%: −$16.07
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $135.38
Costs to cover: 0.100%
Break-even: 1.1 days

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: 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 Variational Omni no order-book sample	—	—	—	—	—

Kraken Futures and Variational Omni: 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	−0.0669%	1h	0.02872	long leg	$11K	$6K	20x
Lighter BIO	+0.0096%	1h	0.02874	+0.076%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02870	−0.053%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02873	+0.039%	$19K	$93K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02870	−0.053%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02872	+0.017%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02871	−0.018%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02873	+0.052%	$1.4M	$265K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02870	−0.053%	$385K	$125K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02877	+0.191%	$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	−0.053%	$1.3M	$520K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02872	+0.017%	—	$1.4M	—	as long as short
Variational Omni BIOshort	+0.0100%	4h	0.02867	−0.161%	$33K	$70K	—
BloFin BIO-USDT	+0.0154%	4h	0.02872	+0.017%	$262K	$9K	50x	as long as short
Hyperliquid BIO	+0.0643%	1h	0.02876	+0.156%	$754K	$217K	3x	as long as short