BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0117%/8h= −12.8% APRnext payment −$0.59 per $10,000 · paid last 24h −0.034%

Price spread now: Bitget against Binance−0.019%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$1031.025% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$5 on $10k

Price spread, last 7 days−0.164%−$16 · spread now −0.019%, 7d avg −0.091%

Together, before fees−0.219%−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.072% dearer against Binance than usual: you sell high and buy low (spread −0.019% now, against its 7-day average of −0.091%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.055% in total) that is about 9.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BILLUSDT	0.01350	0.0217	pay 0.0109% / 4h	1h 52m	$2.3M	$3.5M	20x
Short	Bitget BILLUSDT	0.01350	0.0100	get 0.0050% / 4h	1h 52m	$607K	$730K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$24.64
Price spread: −0.019% → −0.091%: $7.25
Slippage, 4 orders: −$80.53
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$119.92
Costs to cover: 1.025%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Bitget: live order book, 28 min ago.

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 Binance live order book, 14 min ago	7.41 bp	27.1 bp −$27	181.8 bp −$1,818	doesn't fit	doesn't fit
Sell Bitget live order book, 28 min ago	11.11 bp	25.3 bp −$25	115.2 bp −$1,152	doesn't fit	doesn't fit

BILL on 16 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
BloFin BILL-USDT	+0.0065%	4h	0.01350	−0.019%	$140K	$31K	20x	as long as short
Aster BILLUSDT	+0.0100%	4h	0.01349	−0.119%	$2K	$4K	5x	as long as short
OKX BILL-USDT-SWAP	+0.0100%	4h	0.01348	−0.167%	$1.0M	$2.3M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01348	−0.167%	$272K	$82K	20x	as long as short
Bitget BILLUSDTshort	+0.0100%	4h	0.01350	−0.019%	$607K	$730K	20x
SunX BILL-USDT	+0.0100%	4h	0.01351	+0.055%	$2K	$1.0M	20x	as long as short
Bybit BILLUSDT	+0.0102%	4h	0.01347	−0.241%	$1.3M	$910K	20x	as long as short
BingX BILL-USDT	+0.0174%	4h	0.01349	−0.093%	—	$1.7M	—	as long as short
KuCoin BILLUSDTM	+0.0198%	4h	0.01348	−0.137%	$432K	$263K	20x	as long as short
Extended BILL-USD	+0.0216%	1h	0.01350	−0.016%	$1K	$213K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BILL_USDT	+0.0216%	4h	0.01350	−0.019%	$869K	$301K	50x	as long as short
Binance BILLUSDTlong	+0.0217%	4h	0.01350	long leg	$2.3M	$3.5M	20x
Coinbase International BILL-PERP-INTX	+0.0728%	1h	0.01346	−0.307%	$46K	$96K	50x	as long as short
Backpack BILL_USDC_PERP	+0.0737%	1h	0.01348	−0.167%	$21K	$955	5x	as long as short
HTX BILL-USDT	+0.1036%	4h	0.01354	+0.278%	$19K	$29K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2199%	1h	0.01351	+0.026%	$105K	$17K	10x	as long as short