Settings8H · net · $10k
Funding arb · Price arb /

BIO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.13 per $10,000 · paid last 24h +0.005%
Price spread now: OKX against Aster−0.116%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$960.962% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.017%+$2 on $10k
Price spread, last 4 days (all we have)+0.153%+$15 · spread now −0.116%, 7d avg +0.031%
Together, before fees+0.170%+ Points / potential airdropAster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. OKX is 0.146% cheaper against Aster than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of +0.031%). If the spread goes back, that is −$15 on $10k: about 19 days of funding at the current rate (+$1 a day). At the pace of the last 6 days (+0.017% in total) that is about 47 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BIOUSDT0.028870.0074pay 0.0037% / 4h1h 55m$21K$102K5x
ShortOKX BIO-USDT-SWAP0.028840.0100get 0.0050% / 4h1h 55m$1.1M$2.2M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$5.45
Price spread: −0.116% → +0.031%
−$14.62
Slippage, 4 orders
−$78.21
Fee Aster: 4 bp × 2 orders
−$8
Fee OKX: 5 bp × 2 orders
−$10
Net
−$105.39
Costs to cover
0.962%
Break-even
142.4 days
Slippage from Aster: live order book, 33 min ago; OKX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 33 min ago5.26 bp18.5 bp −$18270.4 bp −$2,704doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago1.73 bp27.1 bp −$27doesn't fitdoesn't fitdoesn't fit

BIO on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_BIOUSD−0.0538%1h0.02886−0.048%$11K$6K20xas long as short
Aster BIOUSDTlong+0.0074%4h0.02887long leg$21K$102K5x
Lighter BIO+0.0096%1h0.02891+0.141%$15K$7K3xas long as short
Orderly PERP_BIO_USDC+0.0100%4h0.02887−0.012%$13K10xas long as short
Hyperliquid BIO+0.0100%1h0.02891+0.134%$753K$216K3xas long as short
Binance BIOUSDT+0.0100%4h0.02884−0.116%$6.1M$7.6M50xas long as short
Bybit BIOUSDT+0.0100%4h0.02885−0.081%$2.1M$2.5M50xas long as short
OKX BIO-USDT-SWAPshort+0.0100%4h0.02884−0.116%$1.1M$2.2M20x
Gate BIO_USDT+0.0100%8h0.02891+0.127%$1.5M$316K50xas long as short
MEXC BIO_USDT+0.0100%4h0.02886−0.046%$403K$136K20xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin BIOUSDTM+0.0100%4h0.02890+0.092%$561K$118K20xas long as short
Bitget BIOUSDT+0.0100%4h0.02889+0.057%$1.3M$548K50xas long as short
BingX BIO-USDT+0.0100%4h0.02888+0.023%$1.3Mas long as short
Variational Omni BIO+0.0100%4h0.02887−0.012%$31K$68Kas long as short
BloFin BIO-USDT+0.0153%4h0.02887−0.012%$261K$7K50xas long as short