Settings8H · net · $10k
Funding arb · Price arb /

BILL

all BILL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0628%/8h= +68.8% APRnext payment +$3.14 per $10,000 · paid last 24h +0.109%
Price spread now: KuCoin against Aster+0.201%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and KuCoin is 0.201% dearer against Aster than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BILLUSDT0.013670.0100pay 0.0050% / 4h1h 59m$2K$5K5x
ShortKuCoin BILLUSDTM0.013700.0728get 0.0364% / 4h1h 59m$449K$339K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Aster. 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

Funding earned
$131.88
Price spread: +0.201% → 0.000%
$20.11
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$131.99
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: Aster: no order-book sample; KuCoin: live order book, 59 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell KuCoin live order book, 59 min ago8.39 bp622.0 bp −$622doesn't fitdoesn't fitdoesn't fit
Aster: 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.

BILL on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin BILL-USDT+0.0076%4h0.01366−0.099%$146K$17K20xas long as short
Aster BILLUSDTlong+0.0100%4h0.01367long leg$2K$5K5x
Bybit BILLUSDT+0.0100%4h0.01367−0.026%$1.3M$1.0M20xas long as short
Gate BILL_USDT+0.0100%4h0.01369+0.121%$276K$90K20xas long as short
SunX BILL-USDT+0.0100%4h0.01372+0.340%$2K$1.2M20xas long as short
HTX BILL-USDT+0.0100%4h0.01368+0.048%$11K$39K20xas long as short
MEXC BILL_USDT+0.0228%4h0.01370+0.194%$1.0M$333K50xas long as short
Extended BILL-USD+0.0240%1h0.01369+0.092%$1K$257K5xas long as short
Binance BILLUSDT+0.0243%4h0.01369+0.121%$2.5M$4.1M20xas long as short
Bitget BILLUSDT+0.0320%4h0.01370+0.194%$643K$1.3M20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack BILL_USDC_PERP+0.0339%1h0.01368+0.048%$21K$9735xas long as short
BingX BILL-USDT+0.0608%4h0.01369+0.121%$1.7Mas long as short
OKX BILL-USDT-SWAP+0.0629%4h0.01369+0.121%$1.1M$2.9M20xas long as short
KuCoin BILLUSDTMshort+0.0728%4h0.01370+0.201%$449K$339K20x
Coinbase International BILL-PERP-INTX+0.0808%1h0.01362−0.428%$38K$98K50xas long as short
Deribit BILL_USDC-PERPETUAL+0.2164%1h0.01370+0.223%$107K$12K10xas long as short