Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0988%/8h= +108.2% APRpaid last 24h +0.146%

Price spread now: Variational Omni against Kraken Futures+0.170%7-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 Variational Omni

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 airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Variational Omni is 0.170% dearer against Kraken Futures than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BIOUSD	0.02878	−0.0888	get 0.0111% / 1h	52m 20s	$11K	$6K	20x
Short	Variational Omni BIO	0.02883	0.0100	get 0.0050% / 4h	1h 52m	$27K	$69K	—

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 +0.170%Rate

Funding earned: $207.54
Price spread: +0.170% → 0.000%: $16.96
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: $214.5
Costs to cover: 0.100%
Break-even: from the start

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 exchanges

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	−0.0888%	1h	0.02878	long leg	$11K	$6K	20x
Lighter BIO	+0.0096%	1h	0.02883	+0.157%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0098%	4h	0.02875	−0.118%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02881	+0.077%	$755K	$174K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02877	−0.051%	$26K	$91K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02876	−0.083%	$6.1M	$7.1M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02876	−0.083%	$2.1M	$2.1M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02874	−0.152%	$1.1M	$1.9M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02879	+0.021%	$1.5M	$325K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02875	−0.118%	$389K	$137K	20x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTM	+0.0100%	4h	0.02878	−0.013%	$523K	$126K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02876	−0.083%	$1.3M	$522K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02876	−0.083%	—	$1.4M	—	as long as short
Variational Omni BIOshort	+0.0100%	4h	0.02883	+0.170%	$27K	$69K	—
BloFin BIO-USDT	+0.0101%	4h	0.02878	−0.013%	$266K	$4K	50x	as long as short