BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0508%/8h= −55.6% APRnext payment −$2.54 per $10,000 · paid last 24h −0.055%

Price spread now: Gate against BingX−0.073%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$746as in the Funding arb table

Net, price: spread back to 7d avg − costs−$708as in the Price arb table

costs, in and out, $10k−$7107.099% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.359%−$36 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.073%, 7d avg −0.097%

Together, before fees−0.339%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.024% dearer against BingX than usual: you sell high and buy low (spread −0.073% now, against its 7-day average of −0.097%): +$2 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.359% in total) that is about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BILL-USDT	0.01370	0.0608	pay 0.0304% / 4h	2h 00m	—	$1.7M	—
Short	Gate BILL_USDT	0.01369	0.0100	get 0.0050% / 4h	2h 00m	$276K	$91K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now −0.073%Rate

Funding earned: −$106.68
Price spread: −0.073% → −0.097%: $2.41
Slippage, 4 orders: −$684.93
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$814.2
Costs to cover: 7.099%
Break-even: never at this rate

Slippage from BingX: live order book, 1 min ago; Gate: live order book, 41 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 BingX live order book, 1 min ago	10.93 bp	36.5 bp −$37	101.0 bp −$1,010	doesn't fit	doesn't fit
Sell Gate live order book, 41 min ago	10.93 bp	385.0 bp −$385	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	+0.0075%	4h	0.01367	−0.219%	$147K	$17K	20x	as long as short
Aster BILLUSDT	+0.0100%	4h	0.01368	−0.159%	$2K	$5K	5x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01367	−0.219%	$1.3M	$1.0M	20x	as long as short
Gate BILL_USDTshort	+0.0100%	4h	0.01369	−0.073%	$276K	$91K	20x
SunX BILL-USDT	+0.0100%	4h	0.01374	+0.292%	$2K	$1.2M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01368	−0.146%	$11K	$39K	20x	as long as short
Backpack BILL_USDC_PERP	+0.0194%	1h	0.01369	−0.073%	$21K	$973	5x	as long as short
MEXC BILL_USDT	+0.0228%	4h	0.01370	0.000%	$1.0M	$353K	50x	as long as short
Binance BILLUSDT	+0.0229%	4h	0.01371	+0.073%	$2.5M	$4.1M	20x	as long as short
Extended BILL-USD	+0.0232%	1h	0.01371	+0.044%	$1K	$257K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BILLUSDT	+0.0324%	4h	0.01370	0.000%	$643K	$1.3M	20x	as long as short
BingX BILL-USDTlong	+0.0608%	4h	0.01370	long leg	—	$1.7M	—
OKX BILL-USDT-SWAP	+0.0635%	4h	0.01371	+0.073%	$1.1M	$2.9M	20x	as long as short
KuCoin BILLUSDTM	+0.0724%	4h	0.01371	+0.080%	$449K	$340K	20x	as long as short
Coinbase International BILL-PERP-INTX	+0.0832%	1h	0.01362	−0.620%	$38K	$98K	50x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2379%	1h	0.01373	+0.197%	$107K	$12K	10x	as long as short