Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Aster against Bybit−0.039%7-day average −0.095% · you buy dearer than you sell

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

Long on Bybit Short on Aster

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)+0.006%+$1 · spread now −0.039%, 7d avg −0.095%

Together, before fees−0.011%+ Points / potential airdropAster: Stage 5 · farm board−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.056% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BIOUSDT	0.02847	0.0100	pay 0.0050% / 4h	1h 29m	$2.1M	$2.1M	50x
Short	Aster BIOUSDT	0.02846	0.0100	get 0.0050% / 4h	1h 29m	$26K	$91K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → −0.095%: $5.65
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$13.35
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 10 min ago; Aster: 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 Bybit live order book, 10 min ago	1.75 bp	18.1 bp −$18	97.9 bp −$979	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

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 exchanges

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	−0.0898%	1h	0.02847	−0.003%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0090%	4h	0.02846	−0.035%	$265K	$4K	50x	as long as short
Lighter BIO	+0.0096%	1h	0.02852	+0.172%	$15K	$7K	3x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02846	−0.035%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02851	+0.158%	$746K	$175K	3x	as long as short
Aster BIOUSDTshort	+0.0100%	4h	0.02846	−0.039%	$26K	$91K	5x
Binance BIOUSDT	+0.0100%	4h	0.02846	−0.035%	$6.0M	$7.1M	50x	as long as short
Bybit BIOUSDTlong	+0.0100%	4h	0.02847	long leg	$2.1M	$2.1M	50x
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02845	−0.070%	$1.1M	$1.9M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02848	+0.035%	$1.5M	$328K	50x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BIO_USDT	+0.0100%	4h	0.02846	−0.035%	$385K	$139K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02847	0.000%	$517K	$126K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02846	−0.035%	$1.2M	$524K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02847	0.000%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02846	−0.023%	$27K	$69K	—	as long as short