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: Kraken Futures against Lighter−0.179%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 Kraken Futures

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 against this trade now: funding costs −$19 a day on $10k at the current rate, and Kraken Futures is 0.179% cheaper against Lighter than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BIO	0.02885	0.0096	pay 0.0012% / 1h	17m 18s	$15K	$7K	3x
Short	Kraken Futures PF_BIOUSD	0.02880	−0.0539	pay 0.0067% / 1h	17m 18s	$11K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.179%Rate

Funding earned: −$133.37
Price spread: −0.179% → 0.000%: −$17.94
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$161.31
Costs to cover: 0.100%
Break-even: never at this rate

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

Lighter and Kraken Futures: 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_BIOUSDshort	−0.0539%	1h	0.02880	−0.179%	$11K	$6K	20x
Aster BIOUSDT	+0.0046%	4h	0.02879	−0.219%	$21K	$102K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0093%	4h	0.02878	−0.250%	$1.1M	$2.1M	20x	as long as short
Lighter BIOlong	+0.0096%	1h	0.02885	long leg	$15K	$7K	3x
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02879	−0.215%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02885	0.000%	$753K	$214K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02880	−0.180%	$6.1M	$7.6M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02879	−0.215%	$2.1M	$2.5M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02884	−0.042%	$1.5M	$333K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02880	−0.180%	$409K	$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	−0.076%	$560K	$116K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02881	−0.146%	$1.3M	$554K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02881	−0.146%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02878	−0.232%	$30K	$68K	—	as long as short
BloFin BIO-USDT	+0.0110%	4h	0.02881	−0.146%	$262K	$7K	50x	as long as short