Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0650%/8h= +71.2% APRpaid last 24h +0.103%

Price spread now: BloFin against Kraken Futures+0.074%57s7-day average — · you sell dearer than you buy

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

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and BloFin is 0.074% dearer against Kraken Futures than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 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	Kraken Futures PF_BIOUSD	0.02875	−0.0540	get 0.0068% / 1h	27m 54s	$11K	$6K	20x
Short	BloFin BIO-USDT	0.02877	0.0110	get 0.0055% / 4h	1h 27m	$262K	$7K	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 +0.074%Rate

Funding earned: $136.59
Price spread: +0.074% → 0.000%: $7.39
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $121.98
Costs to cover: 0.220%
Break-even: 0.7 days

Slippage unknown: Kraken Futures: no order-book sample; BloFin: live order book, 49 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, 49 min ago	1.74 bp	24.6 bp −$25	48.2 bp −$482	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	−0.0540%	1h	0.02875	long leg	$11K	$6K	20x
Aster BIOUSDT	+0.0029%	4h	0.02879	+0.153%	$21K	$102K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0054%	4h	0.02877	+0.074%	$1.1M	$2.1M	20x	as long as short
Lighter BIO	+0.0096%	1h	0.02881	+0.213%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02874	−0.030%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02881	+0.213%	$752K	$215K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02878	+0.125%	$6.1M	$7.6M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02878	+0.109%	$2.1M	$2.5M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02881	+0.213%	$1.5M	$321K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02879	+0.143%	$409K	$139K	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	0.02878	+0.109%	$559K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02880	+0.178%	$1.3M	$553K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02877	+0.074%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02876	+0.056%	$30K	$68K	—	as long as short
BloFin BIO-USDTshort	+0.0110%	4h	0.02877	+0.074%	$262K	$7K	50x