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: Gate against Binance−0.167%7-day average −0.132% · you buy dearer than you sell

Net, funding: paid 7d − costs−$890as in the Funding arb table

Net, price: spread back to 7d avg − costs−$888as in the Price arb table

costs, in and out, $10k−$8858.847% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.144%+$14 · spread now −0.167%, 7d avg −0.132%

Together, before fees+0.089%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.035% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.132%). Swap the legs.

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 51m	$2.3M	$3.5M	20x
Short	Gate BILL_USDT	0.01348	0.0100	get 0.0050% / 4h	1h 51m	$272K	$82K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.167%Rate

Funding earned: −$24.64
Price spread: −0.167% → −0.132%: −$3.46
Slippage, 4 orders: −$859.69
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$912.79
Costs to cover: 8.847%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Gate: live order book, 25 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 Gate live order book, 25 min ago	11.11 bp	407.9 bp −$408	doesn't fit	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_USDTshort	+0.0100%	4h	0.01348	−0.167%	$272K	$82K	20x
Bitget BILLUSDT	+0.0100%	4h	0.01350	−0.019%	$607K	$730K	20x	as long as short
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