Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0640%/8h= −70.1% APRpaid last 24h −0.078%

Price spread now: Kraken Futures against KuCoin−0.196%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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—needs both histories

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Kraken Futures is 0.196% cheaper against KuCoin than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BIOUSDTM	0.02906	0.0100	pay 0.0050% / 4h	2h 47m	$563K	$118K	20x
Short	Kraken Futures PF_BIOUSD	0.02900	−0.0540	pay 0.0067% / 1h	47m 53s	$11K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now −0.196%Rate

Funding earned: −$134.36
Price spread: −0.196% → 0.000%: −$19.63
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$175.99
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 65 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 KuCoin live order book, 65 min ago	6.84 bp	200.5 bp −$200	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	−0.0540%	1h	0.02900	−0.196%	$11K	$6K	20x
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02899	−0.241%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02902	−0.120%	$11K	$3K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02907	+0.028%	$760K	$220K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02899	−0.237%	$21K	$96K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02900	−0.205%	$6.2M	$7.1M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02903	−0.103%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02901	−0.172%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02905	−0.034%	$1.5M	$299K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02900	−0.206%	$400K	$128K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTMlong	+0.0100%	4h	0.02906	long leg	$563K	$118K	20x
Bitget BIOUSDT	+0.0100%	4h	0.02901	−0.172%	$1.3M	$522K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02904	−0.069%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02898	−0.274%	$34K	$68K	—	as long as short
BloFin BIO-USDT	+0.0133%	4h	0.02904	−0.069%	$266K	$10K	50x	as long as short