Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0040%/8h= −4.3% APRpaid last 24h −0.035%

Price spread now: Kraken Futures against BingX−0.008%7-day average — · you buy dearer than you sell

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

Long on BingX 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BIO-USDT	0.02889	0.0100	pay 0.0050% / 4h	18m 55s	—	$1.4M	—
Short	Kraken Futures PF_BIOUSD	0.02889	0.0060	get 0.0008% / 1h	18m 55s	$11K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$8.33
Price spread: −0.008% → 0.000%: −$0.78
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$29.11
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 13 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 BingX live order book, 13 min ago	5.19 bp	15.7 bp −$16	45.3 bp −$453	578.7 bp −$57.9K	851.6 bp −$425.8K
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	+0.0060%	1h	0.02889	−0.008%	$11K	$6K	20x
BloFin BIO-USDT	+0.0068%	4h	0.02887	−0.069%	$264K	$10K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02889	−0.003%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0096%	4h	0.02887	−0.069%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02889	+0.006%	$21K	$96K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02888	−0.042%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02890	+0.035%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02888	−0.035%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02888	−0.035%	$1.5M	$276K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02888	−0.035%	$388K	$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	0.02892	+0.104%	$559K	$118K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02890	+0.035%	$1.3M	$501K	50x	as long as short
BingX BIO-USDTlong	+0.0100%	4h	0.02889	long leg	—	$1.4M	—
Variational Omni BIO	+0.0100%	4h	0.02888	−0.048%	$33K	$71K	—	as long as short
Hyperliquid BIO	+0.0350%	1h	0.02896	+0.228%	$756K	$217K	3x	as long as short