Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against Binance+0.357%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Lighter

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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.357% dearer against Binance than usual: you sell high and buy low, +$36 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	Binance BIOUSDT	0.02858	0.0100	pay 0.0050% / 4h	2h 33m	$6.0M	$7.5M	50x
Short	Lighter BIO	0.02868	0.0096	get 0.0012% / 1h	33m 46s	$15K	$7K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.357%Rate

Funding earned: −$0.84
Price spread: +0.357% → 0.000%: $35.69
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $24.85
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 5 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 Binance live order book, 5 min ago	1.75 bp	15.1 bp −$15	59.5 bp −$595	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	−0.0573%	1h	0.02862	+0.153%	$11K	$6K	20x	as long as short
Aster BIOUSDT	+0.0005%	4h	0.02861	+0.105%	$21K	$101K	5x	as long as short
OKX BIO-USDT-SWAP	+0.0007%	4h	0.02858	0.000%	$1.1M	$2.1M	20x	as long as short
Lighter BIOshort	+0.0096%	1h	0.02868	+0.357%	$15K	$7K	3x
Orderly PERP_BIO_USDC	+0.0099%	4h	0.02864	+0.210%	$13K	—	10x	as long as short
Hyperliquid BIO	+0.0100%	1h	0.02863	+0.161%	$746K	$215K	3x	as long as short
Binance BIOUSDTlong	+0.0100%	4h	0.02858	long leg	$6.0M	$7.5M	50x
Bybit BIOUSDT	+0.0100%	4h	0.02860	+0.070%	$2.1M	$2.5M	50x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02867	+0.315%	$1.5M	$313K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02858	0.000%	$405K	$137K	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	0.02866	+0.280%	$555K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02860	+0.070%	$1.3M	$548K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02860	+0.070%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02869	+0.369%	$30K	$68K	—	as long as short
BloFin BIO-USDT	+0.0150%	4h	0.02873	+0.525%	$264K	$7K	50x	as long as short