Funding you earn now, next payment 08:00 UTC−0.0169%/8h= −18.5% APRnext payment −$0.84 per $10,000 · paid last 24h −0.055%
Price spread now: BloFin against Binance−0.146%111s7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1391.394% of the position
Funding, last 7 days−0.116%−$12 on $10k
+Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.146%, 7d avg −0.089%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 0.057% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.089%). Swap the legs. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BILLUSDT | 0.01369 | 0.0243 | pay 0.0122% / 4h | 1h 59m | $2.5M | $4.1M | 20x |
| Short | BloFin BILL-USDT | 0.01367 | 0.0075 | get 0.0037% / 4h | 1h 59m | $147K | $17K | 20x |
Binance BILLUSDT
BloFin BILL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$35.41
- Price spread: −0.146% → −0.089%
- −$5.74
- Slippage, 4 orders
- −$117.41
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$180.56
- Costs to cover
- 1.394%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; BloFin: live order book, 15 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, 7 min ago | 7.27 bp | 26.3 bp −$26 | 126.8 bp −$1,268 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 15 min ago | 3.65 bp | 49.8 bp −$50 | 244.1 bp −$2,441 | 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-USDTshort | +0.0075% | 4h | 0.01367 | −0.146% | $147K | $17K | 20x | |
| Aster BILLUSDT | +0.0100% | 4h | 0.01367 | −0.139% | $2K | $5K | 5x | as long as short |
| Bybit BILLUSDT | +0.0100% | 4h | 0.01367 | −0.146% | $1.3M | $1.0M | 20x | as long as short |
| Gate BILL_USDT | +0.0100% | 4h | 0.01368 | −0.073% | $276K | $90K | 20x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01373 | +0.292% | $2K | $1.2M | 20x | as long as short |
| HTX BILL-USDT | +0.0100% | 4h | 0.01368 | −0.073% | $11K | $39K | 20x | as long as short |
| Backpack BILL_USDC_PERP | +0.0189% | 1h | 0.01367 | −0.146% | $21K | $973 | 5x | as long as short |
| MEXC BILL_USDT | +0.0228% | 4h | 0.01369 | 0.000% | $1.0M | $333K | 50x | as long as short |
| Extended BILL-USD | +0.0232% | 1h | 0.01369 | −0.002% | $1K | $257K | 5x | as long as short |
| Binance BILLUSDTlong | +0.0243% | 4h | 0.01369 | long leg | $2.5M | $4.1M | 20x |
Aster BILLUSDT
Bybit BILLUSDT
Gate BILL_USDT
SunX BILL-USDT
HTX BILL-USDT
Backpack BILL_USDC_PERP
MEXC BILL_USDT
Extended BILL-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BILLUSDT | +0.0320% | 4h | 0.01370 | +0.073% | $643K | $1.3M | 20x | as long as short |
| BingX BILL-USDT | +0.0608% | 4h | 0.01369 | 0.000% | — | $1.7M | — | as long as short |
| OKX BILL-USDT-SWAP | +0.0634% | 4h | 0.01369 | 0.000% | $1.1M | $2.9M | 20x | as long as short |
| KuCoin BILLUSDTM | +0.0728% | 4h | 0.01370 | +0.051% | $449K | $339K | 20x | as long as short |
| Coinbase International BILL-PERP-INTX | +0.0832% | 1h | 0.01362 | −0.548% | $38K | $98K | 50x | as long as short |
| Deribit BILL_USDC-PERPETUAL | +0.2236% | 1h | 0.01371 | +0.161% | $107K | $12K | 10x | as long as short |
Bitget BILLUSDT
BingX BILL-USDT
OKX BILL-USDT-SWAP
KuCoin BILLUSDTM
Coinbase International BILL-PERP-INTX
Deribit BILL_USDC-PERPETUAL