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: Kraken Futures against BingX+0.032%7-day average — · you sell dearer than you buy

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

Long on BingX 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—needs both histories

The price spread pays, funding is against you. Kraken Futures is 0.032% dearer against BingX than usual: you sell high and buy low (spread +0.032% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BIO-USDT	0.02916	0.0100	pay 0.0050% / 4h	3h 30m	—	$1.4M	—
Short	Kraken Futures PF_BIOUSD	0.02917	−0.0223	pay 0.0028% / 1h	30m 07s	$11K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$67.77
Price spread: +0.032% → 0.000%: $3.19
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$84.58
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 12 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 BingX live order book, 12 min ago	3.44 bp	15.9 bp −$16	49.4 bp −$494	575.4 bp −$57.5K	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	−0.0223%	1h	0.02917	+0.032%	$11K	$6K	20x
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02916	0.000%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02918	+0.069%	$11K	$3K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02921	+0.165%	$765K	$215K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02915	−0.021%	$21K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02914	−0.069%	$6.2M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02920	+0.137%	$2.2M	$2.5M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02914	−0.069%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02917	+0.034%	$1.5M	$278K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02913	−0.103%	$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	0.02919	+0.103%	$563K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02916	0.000%	$1.3M	$507K	50x	as long as short
BingX BIO-USDTlong	+0.0100%	4h	0.02916	long leg	—	$1.4M	—
Variational Omni BIO	+0.0100%	4h	0.02919	+0.087%	$34K	$68K	—	as long as short
BloFin BIO-USDT	+0.0119%	4h	0.02910	−0.206%	$265K	$10K	50x	as long as short