Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0055%/8h= +6.0% APRpaid last 24h +0.030%

Price spread now: BloFin against Kraken Futures−0.037%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 BloFin

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. BloFin is 0.037% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.037% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BIOUSD	0.02898	0.0060	pay 0.0008% / 1h	41m 07s	$11K	$6K	20x
Short	BloFin BIO-USDT	0.02897	0.0115	get 0.0057% / 4h	41m 07s	$263K	$10K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.037%Rate

Funding earned: $11.51
Price spread: −0.037% → 0.000%: −$3.69
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$14.18
Costs to cover: 0.220%
Break-even: 15.6 days

Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 30 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 BloFin live order book, 30 min ago	1.74 bp	18.5 bp −$18	35.0 bp −$350	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	+0.0060%	1h	0.02898	long leg	$11K	$6K	20x
Lighter BIO	+0.0096%	1h	0.02899	+0.032%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02896	−0.071%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02898	+0.014%	$19K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02896	−0.078%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02899	+0.032%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02897	−0.037%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02899	+0.032%	$1.5M	$276K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02896	−0.071%	$388K	$126K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02900	+0.067%	$560K	$119K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BIOUSDT	+0.0100%	4h	0.02899	+0.032%	$1.3M	$522K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02898	−0.002%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02907	+0.313%	$34K	$71K	—	as long as short
BloFin BIO-USDTshort	+0.0115%	4h	0.02897	−0.037%	$263K	$10K	50x
Hyperliquid BIO	+0.0257%	1h	0.02904	+0.218%	$759K	$220K	3x	as long as short