Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against OKX+0.103%7-day average — · you sell dearer than you buy

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

Long on OKX 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 airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.103% dearer against OKX than usual: you sell high and buy low, +$10 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	OKX BIO-USDT-SWAP	0.02903	0.0100	pay 0.0050% / 4h	2h 49m	$1.2M	$2.2M	20x
Short	Lighter BIO	0.02906	0.0096	get 0.0012% / 1h	49m 16s	$11K	$3K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now +0.103%Rate

Funding earned: −$0.84
Price spread: +0.103% → 0.000%: $10.33
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$0.51
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 3 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 OKX live order book, 3 min ago	3.45 bp	19.8 bp −$20	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
Kraken Futures PF_BIOUSD	−0.0539%	1h	0.02905	+0.055%	$11K	$6K	20x	as long as short
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02903	0.000%	$13K	—	10x	as long as short
Lighter BIOshort	+0.0096%	1h	0.02906	+0.103%	$11K	$3K	3x
Hyperliquid BIO	+0.0100%	1h	0.02910	+0.248%	$760K	$220K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02906	+0.097%	$21K	$96K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02903	+0.014%	$6.2M	$7.1M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02906	+0.103%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAPlong	+0.0100%	4h	0.02903	long leg	$1.2M	$2.2M	20x
Gate BIO_USDT	+0.0100%	8h	0.02906	+0.103%	$1.5M	$299K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02904	+0.034%	$400K	$128K	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	0.02907	+0.138%	$563K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02904	+0.034%	$1.3M	$522K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02903	0.000%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02898	−0.170%	$34K	$68K	—	as long as short
BloFin BIO-USDT	+0.0133%	4h	0.02904	+0.034%	$266K	$10K	50x	as long as short