Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0094%/8h= −10.2% APRpaid last 24h 0.000%

Price spread now: Aster against Gate−0.207%7-day average −0.066% · 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−$215as in the Price arb table

costs, in and out, $10k−$2012.007% of the position

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now −0.207%, 7d avg −0.066%

Together, before fees+0.104%+ Points / potential airdropAster: Stage 5 · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.141% cheaper against Gate than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.066%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BIO_USDT	0.02907	0.0100	pay 0.0100% / 8h	3h 59m	$1.5M	$315K	50x
Short	Aster BIOUSDT	0.02901	0.0006	get 0.0003% / 4h	3h 59m	$21K	$102K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now −0.207%Rate

Funding earned: −$19.64
Price spread: −0.207% → −0.066%: −$14.1
Slippage, 4 orders: −$177.72
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$234.45
Costs to cover: 2.007%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Aster: live order book, 38 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 Gate live order book, 3 min ago	3.45 bp	97.6 bp −$98	18341.8 bp −$183.4K	doesn't fit	doesn't fit
Sell Aster live order book, 38 min ago	6.98 bp	20.8 bp −$21	548.9 bp −$5,489	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	−0.1153%	1h	0.02902	−0.176%	$11K	$6K	20x	as long as short
Aster BIOUSDTshort	+0.0006%	4h	0.02901	−0.207%	$21K	$102K	5x
Orderly PERP_BIO_USDC	+0.0095%	4h	0.02902	−0.172%	$13K	—	10x	as long as short
Lighter BIO	+0.0096%	1h	0.02909	+0.069%	$15K	$7K	3x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02906	−0.031%	$758K	$220K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02901	−0.204%	$6.1M	$7.4M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02903	−0.138%	$2.2M	$2.5M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02901	−0.206%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDTlong	+0.0100%	8h	0.02907	long leg	$1.5M	$315K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02902	−0.172%	$409K	$135K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTM	+0.0100%	4h	0.02906	−0.034%	$561K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02902	−0.172%	$1.3M	$549K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02902	−0.172%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02902	−0.155%	$34K	$66K	—	as long as short
BloFin BIO-USDT	+0.0127%	4h	0.02902	−0.172%	$264K	$7K	50x	as long as short