Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0877%/8hpaid last 24h +0.022%

Price spread now: Kraken Futures against Aster+0.033%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 Kraken Futures

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 airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Kraken Futures is 0.033% dearer against Aster than usual: you sell high and buy low (spread +0.033% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BIOUSDT	0.02885	0.0100	pay 0.0050% / 4h	5m 21s	$29K	$85K	5x
Short	Kraken Futures PF_BIOUSD	0.02886	−0.0777	pay 0.0097% / 1h	5m 21s	$11K	$9K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$184.14
Price spread: +0.033% → 0.000%: $3.29
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$198.85
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: 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 Aster no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Aster 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	−0.0777%	1h	0.02886	+0.033%	$11K	$9K	20x
Lighter BIO	+0.0096%	1h	0.02888	+0.112%	$11K	$3K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02884	−0.041%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02887	+0.077%	$758K	$214K	3x	as long as short
Aster BIOUSDTlong	+0.0100%	4h	0.02885	long leg	$29K	$85K	5x
Binance BIOUSDT	+0.0100%	4h	0.02883	−0.085%	$6.1M	$6.6M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02884	−0.041%	$2.3M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02882	−0.110%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02885	−0.006%	$1.4M	$258K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02883	−0.075%	$382K	$128K	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	0.02884	−0.041%	$1.2M	$508K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02884	−0.041%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02888	+0.098%	$40K	$64K	—	as long as short
BloFin BIO-USDT	+0.0124%	4h	0.02884	−0.041%	$266K	$13K	50x	as long as short
KuCoin BIOUSDTM	+0.0222%	4h	0.02889	+0.133%	$549K	$127K	20x	as long as short