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

BILL

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0129%/8h= +14.2% APRnext payment +$0.65 per $10,000 · paid last 24h +0.035%
Price spread now: MEXC against Aster+0.045%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 5 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 +$4 a day on $10k at the current rate, and MEXC is 0.045% dearer against Aster than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BILLUSDT0.013830.0155pay 0.0077% / 4h29m 25s$2K$4K5x
ShortMEXC BILL_USDT0.013840.0284get 0.0142% / 4h29m 25s$1.1M$341K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
$27.16
Price spread: +0.045% → 0.000%
$4.47
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee MEXC: 0 bp × 2 orders
$0
Net
$23.63
Costs to cover
0.080%
Break-even
0.9 days
Slippage unknown: Aster: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago3.61 bp9.2 bp −$9102.3 bp −$1,023397.2 bp −$39.7Kdoesn'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
Bybit BILLUSDT+0.0100%4h0.01381−0.172%$1.3M$995K20xas long as short
Gate BILL_USDT+0.0100%4h0.01383−0.028%$278K$86K20xas long as short
Bitget BILLUSDT+0.0100%4h0.01382−0.100%$647K$1.1M20xas long as short
Backpack BILL_USDC_PERP+0.0100%1h0.01381−0.172%$21K$9515xas long as short
SunX BILL-USDT+0.0100%4h0.01384+0.045%$2K$1.1M20xas long as short
HTX BILL-USDT+0.0100%4h0.01379−0.317%$11K$39K20xas long as short
BloFin BILL-USDT+0.0115%4h0.01376−0.534%$146K$19K20xas long as short
OKX BILL-USDT-SWAP+0.0135%4h0.01383−0.028%$1.1M$2.8M20xas long as short
Aster BILLUSDTlong+0.0155%4h0.01383long leg$2K$4K5x
BingX BILL-USDT+0.0270%4h0.01383−0.028%$1.7Mas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BILL_USDTshort+0.0284%4h0.01384+0.045%$1.1M$341K50x
Binance BILLUSDT+0.0286%4h0.01385+0.114%$2.5M$3.9M20xas long as short
Extended BILL-USD+0.0288%1h0.01384+0.019%$2K$220K5xas long as short
Coinbase International BILL-PERP-INTX+0.0688%1h0.01381−0.136%$66K$72K50xas long as short
KuCoin BILLUSDTM+0.1352%4h0.01384+0.030%$460K$315K20xas long as short
Deribit BILL_USDC-PERPETUAL+0.2069%1h0.01383−0.013%$108K$14K10xas long as short