BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.33 per $10,000 · paid last 24h −0.033%

Price spread now: Bybit against Binance−0.148%7-day average −0.152% · you buy dearer than you sell

Net, funding: paid 7d − costs−$190as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1811.809% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

Price spread, last 7 days−0.036%−$4 · spread now −0.148%, 7d avg −0.152%

Together, before fees−0.129%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.152%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BILLUSDT	0.01349	0.0169	pay 0.0084% / 4h	2h 40m	$2.3M	$3.5M	20x
Short	Bybit BILLUSDT	0.01347	0.0102	get 0.0051% / 4h	2h 40m	$1.3M	$901K	20x

Funding history

latest

Range statsloading…

Bybit against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee BinancebpFee BybitbpOrdersPrice spread, now −0.148%Rate

Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 1 min ago.

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, 11 min ago	7.40 bp	20.6 bp −$21	160.7 bp −$1,607	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.71 bp	63.7 bp −$64	720.0 bp −$7,200	doesn't fit	doesn't fit

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
Aster BILLUSDT	+0.0100%	4h	0.01349	−0.036%	$2K	$4K	5x	as long as short
OKX BILL-USDT-SWAP	+0.0100%	4h	0.01347	−0.148%	$1.0M	$2.3M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01347	−0.148%	$272K	$83K	20x	as long as short
Bitget BILLUSDT	+0.0100%	4h	0.01348	−0.074%	$606K	$728K	20x	as long as short
Backpack BILL_USDC_PERP	+0.0100%	1h	0.01348	−0.074%	$21K	$2K	5x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01351	+0.148%	$2K	$1.0M	20x	as long as short
Bybit BILLUSDTshort	+0.0102%	4h	0.01347	−0.148%	$1.3M	$901K	20x
KuCoin BILLUSDTM	+0.0144%	4h	0.01348	−0.052%	$432K	$265K	20x	as long as short
BloFin BILL-USDT	+0.0160%	4h	0.01348	−0.074%	$141K	$31K	20x	as long as short
Extended BILL-USD	+0.0168%	1h	0.01349	−0.013%	$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	+0.0168%	4h	0.01348	−0.074%	$876K	$301K	50x	as long as short
Binance BILLUSDTlong	+0.0169%	4h	0.01349	long leg	$2.3M	$3.5M	20x
BingX BILL-USDT	+0.0178%	4h	0.01349	0.000%	—	$1.7M	—	as long as short
Coinbase International BILL-PERP-INTX	+0.0720%	1h	0.01349	−0.037%	$46K	$95K	50x	as long as short
HTX BILL-USDT	+0.0927%	4h	0.01354	+0.371%	$19K	$29K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2052%	1h	0.01350	+0.052%	$105K	$19K	10x	as long as short