Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0323%/8h= +35.3% APRpaid last 24h +0.049%

Price spread now: Bitget against Kraken Futures−0.057%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Bitget

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

Funding pays, the price is against you. Bitget is 0.057% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 14 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BIOUSD	0.02918	−0.0223	get 0.0028% / 1h	31m 01s	$11K	$6K	20x
Short	Bitget BIOUSDT	0.02916	0.0100	get 0.0050% / 4h	3h 31m	$1.3M	$507K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.057%Rate

Funding earned: $67.76
Price spread: −0.057% → 0.000%: −$5.69
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $40.08
Costs to cover: 0.220%
Break-even: 2.9 days

Slippage unknown: Kraken Futures: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	3.43 bp	32.6 bp −$33	83.4 bp −$834	doesn't fit	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	−0.0223%	1h	0.02918	long leg	$11K	$6K	20x
Orderly PERP_BIO_USDC	+0.0095%	4h	0.02915	−0.091%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02918	+0.001%	$11K	$3K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02921	+0.111%	$765K	$215K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02915	−0.082%	$21K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02914	−0.125%	$6.2M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02919	+0.046%	$2.2M	$2.5M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02915	−0.091%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02916	−0.057%	$1.5M	$278K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02914	−0.125%	$398K	$129K	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	0.02917	−0.023%	$563K	$117K	20x	as long as short
Bitget BIOUSDTshort	+0.0100%	4h	0.02916	−0.057%	$1.3M	$507K	50x
BingX BIO-USDT	+0.0100%	4h	0.02917	−0.023%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02919	+0.030%	$34K	$68K	—	as long as short
BloFin BIO-USDT	+0.0119%	4h	0.02910	−0.262%	$265K	$10K	50x	as long as short