BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0217%/8h= −23.7% APRnext payment −$1.08 per $10,000 · paid last 24h −0.028%

Price spread now: OKX against Binance−0.027%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1011.012% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.269%+$27 on $10k

Price spread, last 7 days−0.065%−$6 · spread now −0.027%, 7d avg −0.039%

Together, before fees+0.204%+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.269%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BILLUSDT	0.01385	0.0317	pay 0.0158% / 4h	3h 40m	$2.5M	$3.6M	20x
Short	OKX BILL-USDT-SWAP	0.01385	0.0100	get 0.0050% / 4h	3h 40m	$1.0M	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$45.52
Price spread: −0.027% → −0.039%: $1.23
Slippage, 4 orders: −$81.22
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$145.5
Costs to cover: 1.012%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; OKX: live order book, 2 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, 11 min ago	3.60 bp	25.6 bp −$26	163.6 bp −$1,636	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	3.61 bp	24.5 bp −$25	166.3 bp −$1,663	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
Aster BILLUSDT	+0.0100%	4h	0.01386	+0.020%	$2K	$4K	5x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01384	−0.099%	$1.3M	$938K	20x	as long as short
OKX BILL-USDT-SWAPshort	+0.0100%	4h	0.01385	−0.027%	$1.0M	$2.5M	20x
Gate BILL_USDT	+0.0100%	4h	0.01386	+0.046%	$280K	$82K	20x	as long as short
Bitget BILLUSDT	+0.0100%	4h	0.01385	−0.027%	$630K	$846K	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01388	+0.190%	$2K	$1.1M	20x	as long as short
BloFin BILL-USDT	+0.0114%	4h	0.01386	+0.046%	$144K	$19K	20x	as long as short
Backpack BILL_USDC_PERP	+0.0153%	1h	0.01384	−0.099%	$21K	$926	5x	as long as short
MEXC BILL_USDT	+0.0316%	4h	0.01385	−0.027%	$1.0M	$320K	50x	as long as short
Binance BILLUSDTlong	+0.0317%	4h	0.01385	long leg	$2.5M	$3.6M	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BILL-USDT	+0.0318%	4h	0.01384	−0.099%	—	$1.7M	—	as long as short
Extended BILL-USD	+0.0320%	1h	0.01385	−0.025%	$1K	$257K	5x	as long as short
Coinbase International BILL-PERP-INTX	+0.0632%	1h	0.01386	+0.038%	$47K	$100K	50x	as long as short
HTX BILL-USDT	+0.0847%	4h	0.01390	+0.334%	$17K	$8K	20x	as long as short
KuCoin BILLUSDTM	+0.0966%	4h	0.01386	+0.053%	$446K	$280K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2209%	1h	0.01386	+0.067%	$108K	$14K	10x	as long as short