Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0065%/8h= +7.2% APRpaid last 24h −0.001%

Price spread now: Lighter against Aster−0.001%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Lighter

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 airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster BIOUSDT	0.02904	0.0031	pay 0.0015% / 4h	1h 32m	$21K	$103K	5x
Short	Lighter BIO	0.02904	0.0096	get 0.0012% / 1h	32m 06s	$15K	$7K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now −0.001%Rate

Funding earned: $13.73
Price spread: −0.001% → 0.000%: −$0.1
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $5.64
Costs to cover: 0.080%
Break-even: 4.1 days

Slippage unknown: Aster: live order book, 11 min ago; 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 Aster live order book, 11 min ago	5.16 bp	19.2 bp −$19	395.1 bp −$3,951	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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	−0.0631%	1h	0.02901	−0.092%	$11K	$6K	20x	as long as short
Aster BIOUSDTlong	+0.0031%	4h	0.02904	long leg	$21K	$103K	5x
BloFin BIO-USDT	+0.0089%	4h	0.02904	+0.013%	$265K	$7K	50x	as long as short
Orderly PERP_BIO_USDC	+0.0093%	4h	0.02903	−0.022%	$13K	—	10x	as long as short
Lighter BIOshort	+0.0096%	1h	0.02904	−0.001%	$15K	$7K	3x
Hyperliquid BIO	+0.0100%	1h	0.02908	+0.137%	$758K	$220K	3x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02903	−0.022%	$6.1M	$7.2M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02903	−0.022%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02899	−0.159%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02904	+0.013%	$1.5M	$288K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BIO_USDT	+0.0100%	4h	0.02902	−0.056%	$408K	$132K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02907	+0.116%	$569K	$119K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02903	−0.022%	$1.3M	$544K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02902	−0.056%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02897	−0.231%	$33K	$66K	—	as long as short