Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0373%/8h= +40.9% APRpaid last 24h +0.070%

Price spread now: Hyperliquid against Aster+0.186%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Hyperliquid is 0.186% dearer against Aster than usual: you sell high and buy low: +$19 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	Aster BIOUSDT	0.02893	0.0100	pay 0.0050% / 4h	1h 03m	$18K	$94K	5x
Short	Hyperliquid BIO	0.02898	0.0473	get 0.0059% / 1h	3m 17s	$757K	$220K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AsterbpFee HyperliquidbpOrdersPrice spread, now +0.186%Rate

Funding earned: $78.35
Price spread: +0.186% → 0.000%: $18.56
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $79.92
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 7 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 Aster no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 7 min ago	1.56 bp	17.8 bp −$18	doesn't fit	doesn't fit	doesn't fit

Aster: 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
Lighter BIO	+0.0096%	1h	0.02896	+0.113%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02891	−0.056%	$13K	—	10x	as long as short
Aster BIOUSDTlong	+0.0100%	4h	0.02893	long leg	$18K	$94K	5x
Binance BIOUSDT	+0.0100%	4h	0.02892	−0.030%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02894	+0.047%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02891	−0.056%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02893	+0.013%	$1.4M	$269K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02892	−0.022%	$388K	$128K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02897	+0.151%	$557K	$122K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02893	+0.013%	$1.3M	$528K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BIO-USDT	+0.0100%	4h	0.02893	+0.013%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02888	−0.174%	$33K	$71K	—	as long as short
BloFin BIO-USDT	+0.0157%	4h	0.02886	−0.229%	$263K	$9K	50x	as long as short
Kraken Futures PF_BIOUSD	+0.0168%	1h	0.02893	0.000%	$11K	$6K	20x	as long as short
Hyperliquid BIOshort	+0.0473%	1h	0.02898	+0.186%	$757K	$220K	3x