BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0021%/8h= +2.4% APRnext payment +$0.03 per $10,000 · paid last 24h −0.016%

Price spread now: Extended against Backpack+0.041%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on Extended

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 airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.041% dearer against Backpack 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).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack BILL_USDC_PERP	0.01377	0.0315	pay 0.0039% / 1h	10m 30s	$21K	$923	5x
Short	Extended BILL-USD	0.01378	0.0336	get 0.0042% / 1h	10m 30s	$1K	$225K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Backpack. 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 BackpackbpFee ExtendedbpOrdersPrice spread, now +0.041%Rate

Funding earned: $4.51
Price spread: +0.041% → 0.000%: $4.13
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$6.35
Costs to cover: 0.150%
Break-even: 16.9 days

Slippage unknown: Backpack: no order-book sample; Extended: live order book, 56 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 Backpack no order-book sample	—	—	—	—	—
Sell Extended live order book, 56 min ago	5.42 bp	69.2 bp −$69	doesn't fit	doesn't fit	doesn't fit

Backpack: 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 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
Bybit BILLUSDT	+0.0100%	4h	0.01372	−0.363%	$1.3M	$965K	20x	as long as short
OKX BILL-USDT-SWAP	+0.0100%	4h	0.01376	−0.073%	$1.0M	$2.7M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01378	+0.073%	$278K	$81K	20x	as long as short
Bitget BILLUSDT	+0.0100%	4h	0.01374	−0.218%	$634K	$1.0M	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01381	+0.290%	$2K	$1.1M	20x	as long as short
Aster BILLUSDT	+0.0121%	4h	0.01380	+0.192%	$2K	$4K	5x	as long as short
Backpack BILL_USDC_PERPlong	+0.0315%	1h	0.01377	long leg	$21K	$923	5x
BingX BILL-USDT	+0.0316%	4h	0.01377	0.000%	—	$1.7M	—	as long as short
MEXC BILL_USDT	+0.0332%	4h	0.01378	+0.073%	$1.0M	$336K	50x	as long as short
Extended BILL-USDshort	+0.0336%	1h	0.01378	+0.041%	$1K	$225K	5x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BILLUSDT	+0.0338%	4h	0.01375	−0.145%	$2.4M	$3.8M	20x	as long as short
HTX BILL-USDT	+0.0611%	4h	0.01378	+0.073%	$17K	$8K	20x	as long as short
Coinbase International BILL-PERP-INTX	+0.0632%	1h	0.01378	+0.073%	$46K	$51K	50x	as long as short
KuCoin BILLUSDTM	+0.1396%	4h	0.01379	+0.153%	$444K	$296K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2220%	1h	0.01380	+0.196%	$108K	$14K	10x	as long as short