Funding arb · Price arb /

BIO

all BIO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Gate+0.204%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 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 0.204% dearer against Gate than usual: you sell high and buy low, +$20 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	Gate BIO_USDT	0.02845	0.0100	pay 0.0100% / 8h	4h 48m	$1.4M	$332K	50x
Short	Lighter BIO	0.02851	0.0096	get 0.0012% / 1h	48m 00s	$15K	$7K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.204%Rate

Funding earned: −$0.84
Price spread: +0.204% → 0.000%: $20.39
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: $4.55
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago	5.27 bp	42.5 bp −$43	14319.7 bp −$143.2K	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 exchanges

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	−0.0769%	1h	0.02847	+0.066%	$11K	$5K	20x	as long as short
Lighter BIOshort	+0.0096%	1h	0.02851	+0.204%	$15K	$7K	3x
BloFin BIO-USDT	+0.0098%	4h	0.02833	−0.422%	$263K	$4K	50x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02845	0.000%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02845	+0.002%	$26K	$86K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02845	0.000%	$6.0M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02844	−0.035%	$2.1M	$2.0M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02844	−0.035%	$1.1M	$1.8M	20x	as long as short
Gate BIO_USDTlong	+0.0100%	8h	0.02845	long leg	$1.4M	$332K	50x
MEXC BIO_USDT	+0.0100%	4h	0.02845	0.000%	$386K	$137K	20x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTM	+0.0100%	4h	0.02843	−0.070%	$516K	$119K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02844	−0.035%	$1.2M	$510K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02843	−0.070%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02844	−0.026%	$27K	$69K	—	as long as short
Hyperliquid BIO	+0.0169%	1h	0.02850	+0.190%	$746K	$166K	3x	as long as short