Funding arb · Price arb /

BIO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.016%

Price spread now: KuCoin against Lighter+0.121%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on KuCoin

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: KuCoin is 0.121% dearer against Lighter than usual: you sell high and buy low, +$12 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	Lighter BIO	0.02902	0.0096	pay 0.0012% / 1h	43m 30s	$11K	$3K	3x
Short	KuCoin BIOUSDTM	0.02906	0.0100	get 0.0050% / 4h	43m 30s	$561K	$119K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.121%Rate

Funding earned: $0.84
Price spread: +0.121% → 0.000%: $12.06
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $0.9
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; KuCoin: live order book, 19 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 KuCoin live order book, 19 min ago	5.18 bp	278.9 bp −$279	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	+0.0060%	1h	0.02904	+0.068%	$11K	$6K	20x	as long as short
Lighter BIOlong	+0.0096%	1h	0.02902	long leg	$11K	$3K	3x
Orderly PERP_BIO_USDC	+0.0097%	4h	0.02903	+0.017%	$13K	—	10x	as long as short
Aster BIOUSDT	+0.0100%	4h	0.02902	−0.028%	$19K	$95K	5x	as long as short
Binance BIOUSDT	+0.0100%	4h	0.02896	−0.224%	$6.1M	$6.8M	50x	as long as short
Bybit BIOUSDT	+0.0100%	4h	0.02899	−0.121%	$2.2M	$2.6M	50x	as long as short
OKX BIO-USDT-SWAP	+0.0100%	4h	0.02897	−0.189%	$1.2M	$2.3M	20x	as long as short
Gate BIO_USDT	+0.0100%	8h	0.02902	−0.017%	$1.4M	$269K	50x	as long as short
MEXC BIO_USDT	+0.0100%	4h	0.02899	−0.121%	$389K	$126K	20x	as long as short
KuCoin BIOUSDTMshort	+0.0100%	4h	0.02906	+0.121%	$561K	$119K	20x

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	−0.086%	$1.3M	$522K	50x	as long as short
BingX BIO-USDT	+0.0100%	4h	0.02901	−0.052%	—	$1.4M	—	as long as short
Variational Omni BIO	+0.0100%	4h	0.02907	+0.160%	$34K	$71K	—	as long as short
BloFin BIO-USDT	+0.0130%	4h	0.02903	+0.017%	$263K	$10K	50x	as long as short
Hyperliquid BIO	+0.0224%	1h	0.02906	+0.121%	$759K	$220K	3x	as long as short