Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Bybit−0.007%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BIOUSDT	0.02884	0.0100	pay 0.0050% / 4h	1h 07m	$2.2M	$2.6M	50x
Short	Lighter BIO	0.02884	0.0096	get 0.0012% / 1h	7m 33s	$11K	$3K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$0.84
Price spread: −0.007% → 0.000%: −$0.69
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$12.53
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 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 Bybit live order book, 5 min ago	1.73 bp	17.4 bp −$17	107.9 bp −$1,079	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
BloFin BIO-USDT	+0.0055%	4h	0.02882	−0.069%	$262K	$9K	50x	as long as short
Lighter BIOshort	+0.0096%	1h	0.02884	−0.007%	$11K	$3K	3x
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02881	−0.104%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02883	−0.035%	$18K	$94K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02882	−0.069%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDTlong	+0.0100%	4h	0.02884	long leg	$2.2M	$2.6M	50x
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02882	−0.069%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02882	−0.069%	$1.4M	$269K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02880	−0.139%	$386K	$128K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02884	0.000%	$555K	$123K	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	0.02881	−0.104%	$1.3M	$527K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02883	−0.035%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02883	−0.031%	$33K	$71K	—	as long as short
Kraken Futures PF_BIOUSD	+0.0169%	1h	0.02883	−0.025%	$11K	$6K	20x	as long as short
Hyperliquid BIO	+0.0463%	1h	0.02888	+0.153%	$755K	$220K	3x	as long as short