Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0788%/8h= −86.3% APRpaid last 24h −0.126%

Price spread now: Kraken Futures against Bitget+0.027%7-day average — · you sell dearer than you buy

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

Long on Bitget 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 pays, funding is against you. Kraken Futures is 0.027% dearer against Bitget than usual: you sell high and buy low (spread +0.027% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BIOUSDT	0.02858	0.0100	pay 0.0050% / 4h	3h 29m	$1.2M	$562K	50x
Short	Kraken Futures PF_BIOUSD	0.02859	−0.0688	pay 0.0086% / 1h	29m 10s	$11K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$165.46
Price spread: +0.027% → 0.000%: $2.66
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$184.79
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	3.50 bp	23.5 bp −$24	71.7 bp −$717	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	−0.0688%	1h	0.02859	+0.027%	$11K	$6K	20x
BloFin BIO-USDT	+0.0053%	4h	0.02856	−0.070%	$262K	$7K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02866	+0.269%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02860	+0.070%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02863	+0.189%	$748K	$200K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02861	+0.103%	$21K	$101K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02858	0.000%	$6.0M	$7.6M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02860	+0.070%	$2.1M	$2.4M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02858	0.000%	$1.1M	$2.1M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02861	+0.105%	$1.5M	$339K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BIO_USDT	+0.0100%	4h	0.02858	0.000%	$406K	$139K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02861	+0.105%	$543K	$120K	20x	as long as short
Bitget BIOUSDTlong	+0.0100%	4h	0.02858	long leg	$1.2M	$562K	50x
BingX BIO-USDT	+0.0100%	4h	0.02860	+0.070%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02863	+0.158%	$30K	$68K	—	as long as short