Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0119%/8h= +13.1% APRpaid last 24h +0.003%

Price spread now: Lighter against Aster+0.214%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 Lighter

What this pair did over the last

the charts below follow

Funding, last 6 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 · Lighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.214% dearer against Aster than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BIOUSDT	0.02899	−0.0023	get 0.0012% / 4h	3h 13m	$22K	$102K	5x
Short	Lighter BIO	0.02905	0.0096	get 0.0012% / 1h	13m 25s	$15K	$7K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.214%Rate

Funding earned: $25.09
Price spread: +0.214% → 0.000%: $21.41
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $38.49
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 20 min ago; Lighter: 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 live order book, 20 min ago	6.89 bp	18.8 bp −$19	345.8 bp −$3,458	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: 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_BIOUSD	−0.0462%	1h	0.02899	+0.017%	$11K	$6K	20x	as long as short
Aster BIOUSDTlong	−0.0023%	4h	0.02899	long leg	$22K	$102K	5x
OKX BIO-USDT-SWAP	+0.0044%	4h	0.02897	−0.065%	$1.2M	$2.2M	20x	as long as short
Lighter BIOshort	+0.0096%	1h	0.02905	+0.214%	$15K	$7K	3x
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02898	−0.031%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02902	+0.117%	$756K	$218K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02898	−0.045%	$6.1M	$7.5M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02900	+0.038%	$2.2M	$2.5M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02903	+0.142%	$1.5M	$311K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02898	−0.031%	$407K	$138K	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	0.02902	+0.107%	$560K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02900	+0.038%	$1.3M	$546K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02900	+0.038%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02903	+0.159%	$34K	$65K	—	as long as short
BloFin BIO-USDT	+0.0153%	4h	0.02904	+0.176%	$264K	$7K	50x	as long as short