Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Variational Omni against Lighter−0.077%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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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 · Variational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.077% cheaper against Lighter than usual: you would sell low and buy high, −$8 on $10k if it 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	Lighter BIO	0.02893	0.0096	pay 0.0012% / 1h	29m 43s	$11K	$3K	3x
Short	Variational Omni BIO	0.02891	0.0100	get 0.0050% / 4h	29m 43s	$33K	$71K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.077%Rate

Funding earned: $0.84
Price spread: −0.077% → 0.000%: −$7.72
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6.88
Costs to cover: 0.000%
Break-even: 64.3 days

Slippage unknown: Lighter: no order-book sample; Variational Omni: 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 Variational Omni no order-book sample	—	—	—	—	—

Lighter and Variational Omni: 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	+0.0057%	4h	0.02891	−0.066%	$264K	$10K	50x	as long as short
Kraken Futures PF_BIOUSD	+0.0060%	1h	0.02892	−0.036%	$11K	$6K	20x	as long as short
Lighter BIOlong	+0.0096%	1h	0.02893	long leg	$11K	$3K	3x
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02888	−0.169%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02890	−0.100%	$19K	$96K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02888	−0.169%	$6.1M	$6.9M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02891	−0.066%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02891	−0.066%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02891	−0.066%	$1.5M	$276K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02887	−0.204%	$388K	$126K	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	0.02893	+0.003%	$559K	$119K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02890	−0.100%	$1.3M	$524K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02889	−0.135%	—	$1.4M	—	as long as short
Variational Omni BIOshort	+0.0100%	4h	0.02891	−0.077%	$33K	$71K	—
Hyperliquid BIO	+0.0302%	1h	0.02897	+0.149%	$757K	$220K	3x	as long as short