Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h −0.076%

Price spread now: Aster against Hyperliquid−0.003%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$700.701% of the position

Long on Hyperliquid Short on Aster

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 airdropHyperliquid: Season 2 · Aster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BIO	0.02882	0.0100	pay 0.0013% / 1h	58m 24s	$753K	$222K	3x
Short	Aster BIOUSDT	0.02882	−0.0068	pay 0.0034% / 4h	58m 24s	$21K	$103K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$35.37
Price spread: −0.003% → 0.000%: −$0.35
Slippage, 4 orders: −$53.13
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$105.85
Costs to cover: 0.701%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 42 min ago; Aster: live order book, 45 min ago.

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, 42 min ago	0.86 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 45 min ago	5.16 bp	20.6 bp −$21	562.9 bp −$5,629	doesn't fit	doesn't fit

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_BIOUSD	−0.1161%	1h	0.02881	−0.051%	$11K	$6K	20x	as long as short
Aster BIOUSDTshort	−0.0068%	4h	0.02882	−0.003%	$21K	$103K	5x
BloFin BIO-USDT	+0.0079%	4h	0.02881	−0.038%	$264K	$7K	50x	as long as short
OKX BIO-USDT-SWAP	+0.0091%	4h	0.02875	−0.246%	$1.2M	$2.2M	20x	as long as short
Orderly PERP_BIO_USDC	+0.0093%	4h	0.02879	−0.108%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02886	+0.128%	$15K	$7K	3x	as long as short
Hyperliquid BIOlong	+0.0100%	1h	0.02882	long leg	$753K	$222K	3x
Binance BIOUSDT	+0.0100%	4h	0.02877	−0.171%	$6.1M	$7.3M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02877	−0.177%	$2.2M	$2.6M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02883	+0.031%	$1.5M	$284K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BIO_USDT	+0.0100%	4h	0.02876	−0.212%	$405K	$131K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02885	+0.101%	$566K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02880	−0.073%	$1.3M	$544K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02877	−0.177%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02881	−0.024%	$33K	$66K	—	as long as short