BIO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0317%/8h= −34.7% APRnext payment −$0.40 per $10,000 · paid last 24h −0.048%

Price spread now: Kraken Futures against Lighter+0.087%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Kraken Futures is 0.087% dearer against Lighter than usual: you sell high and buy low (spread +0.087% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BIO	0.02933	0.0096	pay 0.0012% / 1h	8m 30s	$11K	$3K	3x
Short	Kraken Futures PF_BIOUSD	0.02936	−0.0221	pay 0.0028% / 1h	8m 30s	$11K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$66.63
Price spread: +0.087% → 0.000%: $8.75
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$67.88
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Kraken Futures: 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 Lighter no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Lighter and Kraken Futures: 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_BIOUSDshort	−0.0221%	1h	0.02936	+0.087%	$11K	$6K	20x
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02936	+0.089%	$13K	—	10x	as long as short
Lighter BIOlong	+0.0096%	1h	0.02933	long leg	$11K	$3K	3x
Aster BIOUSDT	+0.0100%	4h	0.02934	+0.030%	$21K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02929	−0.150%	$6.3M	$6.9M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02932	−0.048%	$2.2M	$2.5M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02931	−0.082%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02932	−0.048%	$1.5M	$286K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02930	−0.116%	$400K	$130K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02940	+0.225%	$569K	$117K	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	0.02930	−0.116%	$1.3M	$504K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02931	−0.082%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02937	+0.123%	$34K	$68K	—	as long as short
BloFin BIO-USDT	+0.0103%	4h	0.02935	+0.055%	$267K	$10K	50x	as long as short
Hyperliquid BIO	+0.0149%	1h	0.02936	+0.092%	$769K	$214K	3x	as long as short