Funding arb · Price arb /

BILL

all BILL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0696%/8h= +76.2% APRpaid last 24h +0.146%

Price spread now: Coinbase International against Binance+0.264%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+1.036%+$104 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Coinbase International is 0.264% dearer against Binance than usual: you sell high and buy low: +$26 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	Binance BILLUSDT	0.01366	0.0136	pay 0.0068% / 4h	2h 39m	$2.5M	$4.0M	20x
Short	Coinbase International BILL-PERP-INTX	0.01370	0.0832	get 0.0104% / 1h	39m 45s	$38K	$98K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpOrdersPrice spread, now +0.264%Rate

Funding earned: $146.23
Price spread: +0.264% → 0.000%: $26.35
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $152.59
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: Binance: live order book, 12 min ago; Coinbase International: no order-book sample. 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 Binance live order book, 12 min ago	3.63 bp	24.5 bp −$25	152.1 bp −$1,521	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BILL-USDT	+0.0078%	4h	0.01367	+0.073%	$113K	$17K	20x	as long as short
Aster BILLUSDT	+0.0100%	4h	0.01367	+0.090%	$1K	$4K	5x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01364	−0.146%	$1.3M	$1.0M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01369	+0.220%	$278K	$90K	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01372	+0.439%	$1K	$1.2M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01371	+0.366%	$11K	$39K	20x	as long as short
Binance BILLUSDTlong	+0.0136%	4h	0.01366	long leg	$2.5M	$4.0M	20x
MEXC BILL_USDT	+0.0140%	4h	0.01366	0.000%	$977K	$339K	50x	as long as short
Extended BILL-USD	+0.0144%	1h	0.01366	−0.025%	$4K	$261K	5x	as long as short
Bitget BILLUSDT	+0.0274%	4h	0.01365	−0.073%	$643K	$1.2M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack BILL_USDC_PERP	+0.0316%	1h	0.01368	+0.146%	$21K	$1K	5x	as long as short
BingX BILL-USDT	+0.0490%	4h	0.01364	−0.146%	—	$1.7M	—	as long as short
OKX BILL-USDT-SWAP	+0.0520%	4h	0.01364	−0.146%	$1.1M	$2.9M	20x	as long as short
KuCoin BILLUSDTM	+0.0712%	4h	0.01367	+0.088%	$453K	$337K	20x	as long as short
Coinbase International BILL-PERP-INTXshort	+0.0832%	1h	0.01370	+0.264%	$38K	$98K	50x
Deribit BILL_USDC-PERPETUAL	+0.2091%	1h	0.01370	+0.322%	$107K	$12K	10x	as long as short