BIO

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0555%/8h= −60.7% APRnext payment −$0.69 per $10,000 · paid last 24h −0.090%

Price spread now: Kraken Futures against Lighter−0.140%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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Kraken Futures is 0.140% cheaper against Lighter than usual: you would sell low and buy high (−$14 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	0.02923	0.0096	pay 0.0012% / 1h	46m 05s	$15K	$7K	3x
Short	Kraken Futures PF_BIOUSD	0.02919	−0.0459	pay 0.0057% / 1h	46m 05s	$11K	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.140%Rate

Funding earned: −$116.46
Price spread: −0.140% → 0.000%: −$14.04
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$140.5
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Kraken Futures: 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 Lighter no order-book sample	—	—	—	—	—
Sell Kraken Futures no order-book sample	—	—	—	—	—

Lighter and Kraken Futures: 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_BIOUSDshort	−0.0459%	1h	0.02919	−0.140%	$11K	$6K	20x
BloFin BIO-USDT	+0.0046%	4h	0.02912	−0.380%	$264K	$7K	50x	as long as short
Aster BIOUSDT	+0.0050%	4h	0.02916	−0.233%	$21K	$102K	5x	as long as short
Lighter BIOlong	+0.0096%	1h	0.02923	long leg	$15K	$7K	3x
Orderly PERP_BIO_USDC	+0.0096%	4h	0.02917	−0.209%	$13K	—	10x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02915	−0.260%	$6.2M	$7.4M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02918	−0.174%	$2.2M	$2.5M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02915	−0.277%	$1.2M	$2.2M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02919	−0.140%	$1.5M	$308K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02916	−0.243%	$411K	$133K	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	0.02922	−0.038%	$565K	$117K	20x	as long as short
Bitget BIOUSDT	+0.0100%	4h	0.02917	−0.209%	$1.3M	$546K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02916	−0.243%	—	$1.3M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02918	−0.175%	$34K	$66K	—	as long as short
Hyperliquid BIO	+0.0287%	1h	0.02921	−0.072%	$762K	$217K	3x	as long as short