BIO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1258%/8h= −137.7% APRnext payment −$1.57 per $10,000 · paid last 24h −0.154%

Price spread now: Kraken Futures against Hyperliquid+0.021%50s7-day average — · you sell dearer than you buy

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

Long on Hyperliquid 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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Kraken Futures is 0.021% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$38 a day in funding at the current rate, which eats that in about 1 hour. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BIO	0.02889	0.0100	pay 0.0013% / 1h	23m 27s	$753K	$222K	3x
Short	Kraken Futures PF_BIOUSD	0.02889	−0.1158	pay 0.0145% / 1h	23m 27s	$11K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hyperliquid. 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 HyperliquidbpFee Kraken FuturesbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$264.15
Price spread: +0.021% → 0.000%: $2.11
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$281.03
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 7 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 Hyperliquid live order book, 7 min ago	2.24 bp	20.6 bp −$21	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	−0.1158%	1h	0.02889	+0.021%	$11K	$6K	20x
Aster BIOUSDT	−0.0076%	4h	0.02885	−0.131%	$21K	$104K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0054%	4h	0.02883	−0.190%	$1.2M	$2.2M	20x	as long as short
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02885	−0.121%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02891	+0.076%	$15K	$7K	3x	as long as short
Hyperliquid BIOlong	+0.0100%	1h	0.02889	long leg	$753K	$222K	3x
Binance BIOUSDT	+0.0100%	4h	0.02883	−0.176%	$6.1M	$7.4M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02885	−0.121%	$2.2M	$2.6M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02888	−0.017%	$1.5M	$296K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02883	−0.190%	$406K	$134K	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	0.02889	+0.017%	$557K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02885	−0.121%	$1.3M	$556K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02883	−0.190%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02887	−0.036%	$33K	$66K	—	as long as short
BloFin BIO-USDT	+0.0147%	4h	0.02889	+0.017%	$262K	$7K	50x	as long as short