BIO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0118%/8h= +12.9% APRnext payment +$0.15 per $10,000 · paid last 24h +0.077%

Price spread now: Hyperliquid against Lighter−0.120%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 Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 0.120% cheaper against Lighter than usual: you would sell low and buy high (spread −0.120% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BIO	0.02906	0.0096	pay 0.0012% / 1h	55m 54s	$15K	$7K	3x
Short	Hyperliquid BIO	0.02902	0.0214	get 0.0027% / 1h	55m 54s	$757K	$221K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.120%Rate

Funding earned: $24.82
Price spread: −0.120% → 0.000%: −$12.05
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $3.77
Costs to cover: 0.090%
Break-even: 5.9 days

Slippage unknown: Lighter: no order-book sample; Hyperliquid: live order book, 34 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 Hyperliquid live order book, 34 min ago	2.24 bp	15.8 bp −$16	doesn't fit	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	−0.0462%	1h	0.02899	−0.244%	$11K	$6K	20x	as long as short
Aster BIOUSDT	+0.0024%	4h	0.02898	−0.264%	$21K	$102K	5x	as long as short
Orderly PERP_BIO_USDC	+0.0095%	4h	0.02897	−0.299%	$13K	—	10x	as long as short
Lighter BIOlong	+0.0096%	1h	0.02906	long leg	$15K	$7K	3x
Binance BIOUSDT	+0.0100%	4h	0.02896	−0.320%	$6.1M	$7.4M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02899	−0.231%	$2.2M	$2.5M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02897	−0.299%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02902	−0.127%	$1.5M	$308K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02897	−0.299%	$408K	$132K	20x	as long as short
KuCoin BIOUSDTM	+0.0100%	4h	0.02904	−0.059%	$560K	$117K	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	0.02900	−0.196%	$1.3M	$550K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02900	−0.196%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02899	−0.214%	$34K	$66K	—	as long as short
BloFin BIO-USDT	+0.0116%	4h	0.02904	−0.059%	$263K	$7K	50x	as long as short
Hyperliquid BIOshort	+0.0214%	1h	0.02902	−0.120%	$757K	$221K	3x