Funding arb · Price arb /

BIO

all BIO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0068%/8h= −7.5% APRpaid last 24h −0.003%

Price spread now: Aster against Lighter−0.266%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 Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Aster is 0.266% cheaper against Lighter than usual: you would sell low and buy high (−$27 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	0.02918	0.0096	pay 0.0012% / 1h	53m 02s	$15K	$7K	3x
Short	Aster BIOUSDT	0.02910	0.0028	get 0.0014% / 4h	3h 53m	$21K	$102K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.266%Rate

Funding earned: −$14.38
Price spread: −0.266% → 0.000%: −$26.63
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$49.01
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Aster: live order book, 45 min ago. 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 Aster live order book, 45 min ago	6.98 bp	20.8 bp −$21	548.9 bp −$5,489	doesn't fit	doesn't fit

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	−0.0460%	1h	0.02912	−0.199%	$11K	$6K	20x	as long as short
Aster BIOUSDTshort	+0.0028%	4h	0.02910	−0.266%	$21K	$102K	5x
Lighter BIOlong	+0.0096%	1h	0.02918	long leg	$15K	$7K	3x
Orderly PERP_BIO_USDC	+0.0096%	4h	0.02910	−0.267%	$13K	—	10x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02912	−0.199%	$6.2M	$7.4M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02915	−0.096%	$2.2M	$2.5M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02913	−0.165%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02913	−0.165%	$1.5M	$308K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02911	−0.233%	$410K	$132K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02910	−0.267%	$563K	$118K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BIOUSDT	+0.0100%	4h	0.02913	−0.165%	$1.3M	$550K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02912	−0.199%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02899	−0.627%	$34K	$66K	—	as long as short
BloFin BIO-USDT	+0.0104%	4h	0.02909	−0.302%	$264K	$7K	50x	as long as short
Hyperliquid BIO	+0.0282%	1h	0.02916	−0.058%	$760K	$217K	3x	as long as short