Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0322%/8h= +35.2% APRpaid last 24h +0.049%

Price spread now: BingX against Kraken Futures+0.006%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on BingX

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: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BIOUSD	0.02931	−0.0222	get 0.0028% / 1h	5m 11s	$11K	$6K	20x
Short	BingX BIO-USDT	0.02931	0.0100	get 0.0050% / 4h	3h 05m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.006%Rate

Funding earned: $67.55
Price spread: +0.006% → 0.000%: $0.58
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $48.13
Costs to cover: 0.200%
Break-even: 2.0 days

Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 11 min ago. 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 BingX live order book, 11 min ago	5.11 bp	17.2 bp −$17	54.6 bp −$546	545.0 bp −$54.5K	doesn't fit

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_BIOUSDlong	−0.0222%	1h	0.02931	long leg	$11K	$6K	20x
BloFin BIO-USDT	+0.0052%	4h	0.02930	−0.028%	$268K	$10K	50x	as long as short
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02930	−0.028%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02932	+0.054%	$11K	$3K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02929	−0.048%	$21K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02928	−0.082%	$6.3M	$6.9M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02932	+0.040%	$2.2M	$2.5M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02928	−0.097%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02930	−0.028%	$1.5M	$286K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02929	−0.062%	$400K	$130K	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	0.02934	+0.108%	$568K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02932	+0.040%	$1.3M	$503K	50x	as long as short
BingX BIO-USDTshort	+0.0100%	4h	0.02931	+0.006%	—	$1.4M	—
Variational Omni BIO	+0.0100%	4h	0.02928	−0.081%	$34K	$68K	—	as long as short
Hyperliquid BIO	+0.0157%	1h	0.02936	+0.163%	$768K	$214K	3x	as long as short