BIO

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0595%/8h= −65.2% APRnext payment −$0.74 per $10,000 · paid last 24h −0.064%

Price spread now: Lighter against Hyperliquid−0.087%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Lighter is 0.087% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid BIO	0.02878	0.0691	pay 0.0086% / 1h	56m 33s	$753K	$217K	3x
Short	Lighter BIO	0.02876	0.0096	get 0.0012% / 1h	56m 33s	$11K	$3K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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 HyperliquidbpFee LighterbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$124.95
Price spread: −0.087% → 0.000%: −$8.69
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$142.64
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 23 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 Hyperliquid live order book, 23 min ago	1.21 bp	16.0 bp −$16	doesn't fit	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
BloFin BIO-USDT	+0.0093%	4h	0.02868	−0.358%	$262K	$9K	50x	as long as short
Lighter BIOshort	+0.0096%	1h	0.02876	−0.087%	$11K	$3K	3x
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02870	−0.288%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02871	−0.264%	$19K	$93K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02873	−0.184%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02873	−0.184%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02875	−0.115%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02869	−0.323%	$1.4M	$264K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02871	−0.254%	$384K	$124K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02872	−0.219%	$555K	$123K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BIOUSDT	+0.0100%	4h	0.02871	−0.254%	$1.3M	$534K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02871	−0.254%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02865	−0.448%	$33K	$71K	—	as long as short
Kraken Futures PF_BIOUSD	+0.0169%	1h	0.02872	−0.214%	$11K	$6K	20x	as long as short
Hyperliquid BIOlong	+0.0691%	1h	0.02878	long leg	$753K	$217K	3x