Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0040%/8h= +4.3% APRpaid last 24h +0.035%

Price spread now: Variational Omni against Kraken Futures−0.032%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.032% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.7 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BIOUSD	0.02889	0.0060	pay 0.0008% / 1h	19m 38s	$11K	$6K	20x
Short	Variational Omni BIO	0.02888	0.0100	get 0.0050% / 4h	19m 38s	$33K	$71K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.032%Rate

Funding earned: $8.33
Price spread: −0.032% → 0.000%: −$3.24
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$4.91
Costs to cover: 0.100%
Break-even: 11.1 days

Slippage unknown: Kraken Futures: no order-book sample; Variational Omni: 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Kraken Futures and Variational Omni: 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	0.02889	long leg	$11K	$6K	20x
BloFin BIO-USDT	+0.0084%	4h	0.02885	−0.123%	$263K	$10K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02888	−0.026%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0096%	4h	0.02884	−0.157%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02887	−0.039%	$21K	$96K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02884	−0.157%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02888	−0.019%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02887	−0.053%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02887	−0.053%	$1.5M	$276K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02884	−0.157%	$387K	$127K	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	+0.016%	$558K	$118K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02888	−0.019%	$1.3M	$501K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02886	−0.088%	—	$1.4M	—	as long as short
Variational Omni BIOshort	+0.0100%	4h	0.02888	−0.032%	$33K	$71K	—
Hyperliquid BIO	+0.0342%	1h	0.02892	+0.109%	$755K	$217K	3x	as long as short