BIO

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0843%/8h= −92.3% APRnext payment −$1.05 per $10,000 · paid last 24h −0.205%

Price spread now: Kraken Futures against Hyperliquid−0.174%50s7-day average — · you buy dearer than you sell

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

Long on Hyperliquid 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—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Kraken Futures is 0.174% cheaper against Hyperliquid than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BIO	0.02884	0.0160	pay 0.0020% / 1h	48m 26s	$753K	$203K	3x
Short	Kraken Futures PF_BIOUSD	0.02879	−0.0683	pay 0.0085% / 1h	48m 26s	$11K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Hyperliquid. 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 HyperliquidbpFee Kraken FuturesbpOrdersPrice spread, now −0.174%Rate

Funding earned: −$177
Price spread: −0.174% → 0.000%: −$17.4
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$213.4
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 2 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 Hyperliquid live order book, 2 min ago	1.21 bp	16.1 bp −$16	doesn't fit	doesn't fit	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	−0.0683%	1h	0.02879	−0.174%	$11K	$6K	20x
BloFin BIO-USDT	+0.0043%	4h	0.02877	−0.229%	$263K	$7K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02885	+0.062%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02878	−0.194%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02879	−0.164%	$21K	$101K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02879	−0.160%	$6.1M	$7.6M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02880	−0.125%	$2.1M	$2.4M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02880	−0.125%	$1.1M	$2.1M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02883	−0.021%	$1.5M	$329K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02879	−0.160%	$409K	$138K	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	0.02881	−0.090%	$548K	$119K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02879	−0.160%	$1.3M	$565K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02880	−0.125%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02882	−0.072%	$30K	$68K	—	as long as short
Hyperliquid BIOlong	+0.0160%	1h	0.02884	long leg	$753K	$203K	3x