Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Variational Omni−0.057%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · Lighter: 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 0.057% cheaper against Variational Omni than usual: you would sell low and buy high, −$6 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	Variational Omni BIO	0.02875	0.0100	pay 0.0050% / 4h	2h 07m	$33K	$71K	—
Short	Lighter BIO	0.02873	0.0096	get 0.0012% / 1h	7m 50s	$11K	$3K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee LighterbpOrdersPrice spread, now −0.057%Rate

Funding earned: −$0.84
Price spread: −0.057% → 0.000%: −$5.66
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$6.5
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Lighter no order-book sample	—	—	—	—	—

Variational Omni 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_BIOUSD	−0.0669%	1h	0.02873	−0.077%	$11K	$6K	20x	as long as short
BloFin BIO-USDT	+0.0040%	4h	0.02873	−0.067%	$262K	$9K	50x	as long as short
Lighter BIOshort	+0.0096%	1h	0.02873	−0.057%	$11K	$3K	3x
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02870	−0.171%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02868	−0.251%	$19K	$93K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02868	−0.241%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02868	−0.241%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02869	−0.206%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02871	−0.137%	$1.4M	$266K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02868	−0.241%	$376K	$128K	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	0.02872	−0.102%	$547K	$123K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02870	−0.171%	$1.3M	$534K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02868	−0.241%	—	$1.4M	—	as long as short
Variational Omni BIOlong	+0.0100%	4h	0.02875	long leg	$33K	$71K	—
Hyperliquid BIO	+0.0691%	1h	0.02876	+0.027%	$753K	$217K	3x	as long as short