Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h −0.002%

Price spread now: BloFin against Lighter−0.031%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 BloFin

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 pays, the price is against you. BloFin is 0.031% cheaper against Lighter than usual: you would sell low and buy high (spread −0.031% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 5.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BIO	0.02878	0.0096	pay 0.0012% / 1h	48m 45s	$15K	$7K	3x
Short	BloFin BIO-USDT	0.02877	0.0117	get 0.0058% / 4h	1h 48m	$267K	$4K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.031%Rate

Funding earned: $4.4
Price spread: −0.031% → 0.000%: −$3.13
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$10.72
Costs to cover: 0.120%
Break-even: 24.0 days

Slippage unknown: Lighter: no order-book sample; BloFin: live order book, 57 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 BloFin live order book, 57 min ago	1.74 bp	19.7 bp −$20	45.5 bp −$455	doesn't fit	doesn't fit

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	−0.0888%	1h	0.02879	+0.046%	$11K	$6K	20x	as long as short
Lighter BIOlong	+0.0096%	1h	0.02878	long leg	$15K	$7K	3x
Orderly PERP_BIO_USDC	+0.0098%	4h	0.02875	−0.101%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02877	−0.014%	$754K	$174K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02872	−0.217%	$26K	$91K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02869	−0.312%	$6.1M	$7.1M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02869	−0.309%	$2.1M	$2.1M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02867	−0.379%	$1.1M	$1.9M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02875	−0.101%	$1.5M	$326K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02870	−0.275%	$389K	$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	0.02874	−0.136%	$522K	$125K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02869	−0.309%	$1.2M	$523K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02867	−0.379%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02874	−0.126%	$27K	$69K	—	as long as short
BloFin BIO-USDTshort	+0.0117%	4h	0.02877	−0.031%	$267K	$4K	50x