BIO arbitrage between Onchain DEX and HyperLiquid: we compare the price of BIO on Onchain DEX (spot) and HyperLiquid (futures) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

Open interest in BIO right now — $17.8M: Binance $7.4M, Bybit $2.4M, KuCoin $2.3M, OKX $2.0M, BingX $1.4M. See OI BIO.

News about BIO

Bio Protocol builds onchain science model as White House pushes to reform $200B in research funding

About BIO arbitrage

How do I read the BIO spread?

The spread is how many percent higher BIO trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on Onchain DEX and HyperLiquid. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get BIO alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.