Fear and disgust have been associated with opposite influences on visual processing, even though both constitute negative emotions that motivate avoidance behavior and entail increased arousal. In the current study, we hypothesized that (a) homeostatic relevance modulates early stages of visual processing, (b) through widespread physiological responses, and that (c) the direction of these modulations depends on whether an emotion calls for immediate regulatory behavior or not. Specifically, we expected that increased arousal should facilitate the detection of fear-related stimuli, and inhibit the detection of disgust-related stimuli. These hypotheses were tested in two preregistered experiments (data collected in 2022, total N = 120, ethnically homogeneous Polish sample). Using a novel, response bias-free version of the breaking continuous flash suppression paradigm, we examined localization and discrimination of fear- and disgust-conditioned stimuli at individually determined perceptual thresholds. Our first hypothesis was confirmed: fear-conditioned stimuli were detected and discriminated better than neutral stimuli, and the magnitude of conditioning-related perceptual preference was related to arousal during conditioning acquisition. In contrast with our second hypothesis, perceptual access to disgust-conditioned stimuli was not diminished. Exploratory analyses suggest that discrimination of disgust-conditioned stimuli was also enhanced, although these effects appeared weaker than those evoked by fear conditioning. The current study strengthens previous evidence for facilitated perception of threatening objects and shows for the first time that stimuli evoking disgust might also gain preferential access to awareness. The results imply that homeostatically relevant stimuli are prioritized by the visual system and that this preference is grounded in the underlying arousal levels. (PsycInfo Database Record (c) 2024 APA, all rights reserved).