Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0770%/8h= −84.3% APRpaid last 24h −0.005%

Price spread now: Kraken Futures against Variational Omni+0.069%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

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

The price spread pays, funding is against you. Kraken Futures is 0.069% dearer against Variational Omni than usual: you sell high and buy low (spread +0.069% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni BIO	0.02864	0.0100	pay 0.0050% / 4h	2h 03m	$33K	$71K	—
Short	Kraken Futures PF_BIOUSD	0.02866	−0.0670	pay 0.0084% / 1h	3m 28s	$11K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$161.71
Price spread: +0.069% → 0.000%: $6.94
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$164.77
Costs to cover: 0.100%
Break-even: never at this rate

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

Variational Omni and 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	−0.0670%	1h	0.02866	+0.069%	$11K	$6K	20x
Lighter BIO	+0.0096%	1h	0.02867	+0.106%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02862	−0.083%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02864	+0.002%	$19K	$93K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02864	−0.013%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02865	+0.022%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02865	+0.022%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02864	−0.013%	$1.4M	$266K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02864	−0.013%	$376K	$128K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02868	+0.127%	$546K	$123K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BIOUSDT	+0.0100%	4h	0.02865	+0.022%	$1.3M	$534K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02864	−0.013%	—	$1.4M	—	as long as short
Variational Omni BIOlong	+0.0100%	4h	0.02864	long leg	$33K	$71K	—
BloFin BIO-USDT	+0.0154%	4h	0.02864	−0.013%	$262K	$9K	50x	as long as short
Hyperliquid BIO	+0.0673%	1h	0.02870	+0.186%	$751K	$217K	3x	as long as short