Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.002%

Price spread now: BloFin against Lighter−0.055%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on BloFin

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 airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.055% cheaper against Lighter than usual: you would sell low and buy high (−$6 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	Lighter BIO	0.02884	0.0096	pay 0.0012% / 1h	18m 29s	$15K	$7K	3x
Short	BloFin BIO-USDT	0.02882	0.0076	get 0.0038% / 4h	2h 18m	$262K	$7K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Lighter. 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 LighterbpFee BloFinbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$4.23
Price spread: −0.055% → 0.000%: −$5.55
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$21.78
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; BloFin: live order book, 63 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell BloFin live order book, 63 min ago	6.89 bp	18.8 bp −$19	45.6 bp −$456	doesn't fit	doesn't fit

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	−0.0569%	1h	0.02880	−0.117%	$11K	$6K	20x	as long as short
Aster BIOUSDT	+0.0004%	4h	0.02880	−0.127%	$21K	$101K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0065%	4h	0.02879	−0.160%	$1.1M	$2.2M	20x	as long as short
BloFin BIO-USDTshort	+0.0076%	4h	0.02882	−0.055%	$262K	$7K	50x
Lighter BIOlong	+0.0096%	1h	0.02884	long leg	$15K	$7K	3x
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02880	−0.125%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02883	−0.014%	$752K	$215K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02879	−0.160%	$6.1M	$7.6M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02881	−0.090%	$2.1M	$2.5M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02884	+0.014%	$1.5M	$317K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BIO_USDT	+0.0100%	4h	0.02879	−0.160%	$407K	$138K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02882	−0.055%	$561K	$118K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02880	−0.125%	$1.3M	$549K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02881	−0.090%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02866	−0.593%	$30K	$68K	—	as long as short