Funding you earn now, next payment 04:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.98 per $10,000 · paid last 24h 0.000%
Price spread now: Aster against Bybit+0.036%7-day average −0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$67as in the Price arb table
costs, in and out, $10k−$810.809% of the position
Funding, last 5 days (all we have)−0.013%−$1 on $10k
+Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.036%, 7d avg −0.101%
=Together, before fees−0.066%+ Points / potential airdropAster: Stage 5 · farm board−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.137% dearer against Bybit than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of −0.101%): +$14 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.3 days. At the pace of the last 5 days (−0.013% in total) that is about 60 days.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.013% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.98 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BIOUSDT | 0.02867 | 0.0100 | pay 0.0050% / 4h | 46m 08s | $2.2M | $2.6M | 50x |
| Short | Aster BIOUSDT | 0.02868 | −0.0096 | pay 0.0048% / 4h | 46m 08s | $21K | $104K | 5x |
Bybit BIOUSDT
Aster BIOUSDTFunding 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
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$41.19
- Price spread: +0.036% → −0.101%
- $13.75
- Slippage, 4 orders
- −$61.87
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$108.32
- Costs to cover
- 0.809%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Aster: live order book, 57 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 Bybit live order book, 1 min ago | 3.49 bp | 17.7 bp −$18 | 111.6 bp −$1,116 | doesn't fit | doesn't fit |
| Sell Aster live order book, 57 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 | −0.1170% | 1h | 0.02858 | −0.298% | $11K | $6K | 20x | as long as short |
| Aster BIOUSDTshort | −0.0096% | 4h | 0.02868 | +0.036% | $21K | $104K | 5x | |
| OKX BIO-USDT-SWAP | +0.0005% | 4h | 0.02864 | −0.105% | $1.1M | $2.2M | 20x | as long as short |
| Orderly PERP_BIO_USDC | +0.0094% | 4h | 0.02864 | −0.105% | $13K | — | 10x | as long as short |
| Lighter BIO | +0.0096% | 1h | 0.02871 | +0.146% | $15K | $7K | 3x | as long as short |
| Hyperliquid BIO | +0.0100% | 1h | 0.02870 | +0.115% | $750K | $222K | 3x | as long as short |
| Binance BIOUSDT | +0.0100% | 4h | 0.02865 | −0.070% | $6.1M | $7.3M | 50x | as long as short |
| Bybit BIOUSDTlong | +0.0100% | 4h | 0.02867 | long leg | $2.2M | $2.6M | 50x | |
| Gate BIO_USDT | +0.0100% | 8h | 0.02867 | 0.000% | $1.4M | $289K | 50x | as long as short |
| MEXC BIO_USDT | +0.0100% | 4h | 0.02864 | −0.105% | $403K | $133K | 20x | as long as short |
Kraken Futures PF_BIOUSD
OKX BIO-USDT-SWAP
Orderly PERP_BIO_USDC
Lighter BIO
Hyperliquid BIO
Binance BIOUSDT
Gate BIO_USDT
MEXC BIO_USDTShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BIOUSDTM | +0.0100% | 4h | 0.02868 | +0.035% | $562K | $116K | 20x | as long as short |
| Bitget BIOUSDT | +0.0100% | 4h | 0.02865 | −0.070% | $1.3M | $556K | 50x | as long as short |
| BingX BIO-USDT | +0.0100% | 4h | 0.02865 | −0.070% | — | $1.3M | — | as long as short |
| Variational Omni BIO | +0.0100% | 4h | 0.02865 | −0.053% | $33K | $66K | — | as long as short |
| BloFin BIO-USDT | +0.0112% | 4h | 0.02861 | −0.209% | $262K | $7K | 50x | as long as short |
KuCoin BIOUSDTM
Bitget BIOUSDT
BingX BIO-USDT
Variational Omni BIO
BloFin BIO-USDT