Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: BingX against Lighter−0.218%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on BingX

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: BingX is 0.218% cheaper against Lighter than usual: you would sell low and buy high, −$22 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	Lighter BIO	0.02896	0.0096	pay 0.0012% / 1h	19m 08s	$15K	$7K	3x
Short	BingX BIO-USDT	0.02890	0.0100	get 0.0050% / 4h	19m 08s	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Lighter. 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 LighterbpFee BingXbpOrdersPrice spread, now −0.218%Rate

Funding earned: $0.84
Price spread: −0.218% → 0.000%: −$21.75
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$30.91
Costs to cover: 0.100%
Break-even: 264.6 days

Slippage unknown: Lighter: no order-book sample; BingX: live order book, 12 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell BingX live order book, 12 min ago	5.19 bp	18.7 bp −$19	57.4 bp −$574	516.3 bp −$51.6K	812.2 bp −$406.1K

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	−0.1157%	1h	0.02891	−0.168%	$11K	$6K	20x	as long as short
Aster BIOUSDT	−0.0058%	4h	0.02891	−0.189%	$21K	$105K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0064%	4h	0.02887	−0.321%	$1.2M	$2.2M	20x	as long as short
Orderly PERP_BIO_USDC	+0.0095%	4h	0.02891	−0.183%	$13K	—	10x	as long as short
Lighter BIOlong	+0.0096%	1h	0.02896	long leg	$15K	$7K	3x
Hyperliquid BIO	+0.0100%	1h	0.02896	−0.028%	$755K	$223K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02889	−0.245%	$6.1M	$7.5M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02891	−0.183%	$2.2M	$2.6M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02894	−0.079%	$1.5M	$310K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02890	−0.218%	$407K	$134K	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	0.02896	−0.010%	$559K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02891	−0.183%	$1.3M	$556K	50x	as long as short
BingX BIO-USDTshort	+0.0100%	4h	0.02890	−0.218%	—	$1.3M	—
Variational Omni BIO	+0.0100%	4h	0.02893	−0.098%	$33K	$66K	—	as long as short
BloFin BIO-USDT	+0.0118%	4h	0.02891	−0.183%	$263K	$7K	50x	as long as short