Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against BingX+0.144%7-day average — · you sell dearer than you buy

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

Long on BingX 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 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 0.144% dearer against BingX than usual: you sell high and buy low, +$14 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	BingX BIO-USDT	0.02913	0.0100	pay 0.0050% / 4h	2h 21m	—	$1.4M	—
Short	Lighter BIO	0.02917	0.0096	get 0.0012% / 1h	21m 27s	$15K	$7K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now +0.144%Rate

Funding earned: −$0.84
Price spread: +0.144% → 0.000%: $14.42
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $3.58
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: 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 BingX live order book, 5 min ago	3.42 bp	15.6 bp −$16	48.3 bp −$483	566.1 bp −$56.6K	819.1 bp −$409.6K
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 14 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	−0.0537%	1h	0.02915	+0.055%	$11K	$6K	20x	as long as short
Orderly PERP_BIO_USDC	+0.0094%	4h	0.02913	0.000%	$13K	—	10x	as long as short
Lighter BIOshort	+0.0096%	1h	0.02917	+0.144%	$15K	$7K	3x
Hyperliquid BIO	+0.0100%	1h	0.02917	+0.127%	$762K	$216K	3x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02914	+0.034%	$20K	$99K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02912	−0.034%	$6.2M	$7.2M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02914	+0.034%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02912	−0.034%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02916	+0.103%	$1.5M	$305K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02913	0.000%	$402K	$129K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BIOUSDTM	+0.0100%	4h	0.02917	+0.137%	$565K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02913	0.000%	$1.3M	$523K	50x	as long as short
BingX BIO-USDTlong	+0.0100%	4h	0.02913	long leg	—	$1.4M	—
Variational Omni BIO	+0.0100%	4h	0.02922	+0.292%	$34K	$65K	—	as long as short