Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against BingX+0.021%7-day average — · you sell dearer than you buy

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

Long on BingX 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 0.021% dearer against BingX than usual: you sell high and buy low, +$2 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	BingX BIO-USDT	0.02913	0.0100	pay 0.0050% / 4h	3h 32m	—	$1.4M	—
Short	Lighter BIO	0.02914	0.0096	get 0.0012% / 1h	32m 15s	$11K	$3K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$0.84
Price spread: +0.021% → 0.000%: $2.06
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$8.78
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 9 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 BingX live order book, 9 min ago	3.44 bp	15.9 bp −$16	49.4 bp −$494	575.4 bp −$57.5K	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	−0.0223%	1h	0.02916	+0.095%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0066%	4h	0.02908	−0.172%	$264K	$10K	50x	as long as short
Orderly PERP_BIO_USDC	+0.0095%	4h	0.02912	−0.034%	$13K	—	10x	as long as short
Lighter BIOshort	+0.0096%	1h	0.02914	+0.021%	$11K	$3K	3x
Hyperliquid BIO	+0.0100%	1h	0.02915	+0.069%	$763K	$215K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02911	−0.069%	$21K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02911	−0.069%	$6.2M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02913	0.000%	$2.2M	$2.5M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02912	−0.034%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02913	0.000%	$1.5M	$278K	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	0.02907	−0.206%	$396K	$128K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02914	+0.034%	$562K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02912	−0.034%	$1.3M	$507K	50x	as long as short
BingX BIO-USDTlong	+0.0100%	4h	0.02913	long leg	—	$1.4M	—
Variational Omni BIO	+0.0100%	4h	0.02916	+0.105%	$34K	$68K	—	as long as short