BIO

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0635%/8h= +69.5% APRnext payment +$0.79 per $10,000 · paid last 24h +0.105%

Price spread now: Lighter against Kraken Futures+0.180%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 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 +$19 a day on $10k at the current rate, and Lighter is 0.180% dearer against Kraken Futures than usual: you sell high and buy low: +$18 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	Kraken Futures PF_BIOUSD	0.02880	−0.0539	get 0.0067% / 1h	16m 44s	$11K	$6K	20x
Short	Lighter BIO	0.02885	0.0096	get 0.0012% / 1h	16m 44s	$15K	$7K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. 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 Kraken FuturesbpFee LighterbpOrdersPrice spread, now +0.180%Rate

Funding earned: $133.37
Price spread: +0.180% → 0.000%: $17.97
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $141.35
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: no order-book sample; 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

Kraken Futures and 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_BIOUSDlong	−0.0539%	1h	0.02880	long leg	$11K	$6K	20x
Aster BIOUSDT	+0.0046%	4h	0.02880	−0.003%	$21K	$102K	5x	as long as short
Lighter BIOshort	+0.0096%	1h	0.02885	+0.180%	$15K	$7K	3x
OKX BIO-USDT-SWAP	+0.0097%	4h	0.02879	−0.036%	$1.1M	$2.1M	20x	as long as short
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02879	−0.036%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02885	+0.173%	$753K	$214K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02881	+0.034%	$6.1M	$7.6M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02881	+0.034%	$2.1M	$2.5M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02884	+0.138%	$1.5M	$333K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02881	+0.034%	$410K	$140K	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	0.02883	+0.103%	$560K	$116K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02882	+0.069%	$1.3M	$554K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02881	+0.034%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02878	−0.053%	$30K	$68K	—	as long as short
BloFin BIO-USDT	+0.0153%	4h	0.02877	−0.105%	$261K	$7K	50x	as long as short