Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h +0.006%

Price spread now: Lighter against BloFin+0.222%7-day average — · you sell dearer than you buy

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

Long on BloFin 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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.222% dearer against BloFin than usual: you sell high and buy low: +$22 more if the spread 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	BloFin BIO-USDT	0.02930	0.0052	pay 0.0026% / 4h	3h 04m	$268K	$10K	50x
Short	Lighter BIO	0.02936	0.0096	get 0.0012% / 1h	4m 26s	$11K	$3K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now +0.222%Rate

Funding earned: $9.3
Price spread: +0.222% → 0.000%: $22.18
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $19.48
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 62 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 BloFin live order book, 62 min ago	5.19 bp	15.2 bp −$15	37.3 bp −$373	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	−0.0222%	1h	0.02931	+0.028%	$11K	$6K	20x	as long as short
BloFin BIO-USDTlong	+0.0052%	4h	0.02930	long leg	$268K	$10K	50x
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02934	+0.137%	$13K	—	10x	as long as short
Lighter BIOshort	+0.0096%	1h	0.02936	+0.222%	$11K	$3K	3x
Aster BIOUSDT	+0.0100%	4h	0.02933	+0.098%	$21K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02933	+0.104%	$6.3M	$6.9M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02936	+0.205%	$2.2M	$2.5M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02932	+0.068%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02935	+0.171%	$1.5M	$286K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02933	+0.102%	$401K	$130K	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	0.02934	+0.137%	$568K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02936	+0.205%	$1.3M	$503K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02933	+0.102%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02928	−0.053%	$34K	$68K	—	as long as short
Hyperliquid BIO	+0.0156%	1h	0.02939	+0.321%	$770K	$214K	3x	as long as short