Settings8H · net · $10k
Funding arb · Price arb /

BILL

all BILL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0342%/8h= −37.4% APRnext payment $1.71 per $10,000 · paid last 24h +0.144%
Price spread now: HTX against BingX−0.290%52s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and HTX is 0.290% cheaper against BingX than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BILL-USDT0.013800.0442pay 0.0221% / 4h1h 14m$1.7M
ShortHTX BILL-USDT0.013760.0100get 0.0050% / 4h1h 14m$11K$39K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
−$71.82
Price spread: −0.290% → 0.000%
−$28.99
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee HTX: 6 bp × 2 orders
−$12
Net
−$122.81
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: BingX: live order book, 8 min ago; HTX: 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 8 min ago10.83 bp39.7 bp −$40125.6 bp −$1,256doesn't fitdoesn't fit
Sell HTX no order-book sample
HTX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit BILLUSDT+0.0100%4h0.013800.000%$1.3M$960K20xas long as short
Gate BILL_USDT+0.0100%4h0.01381+0.072%$278K$84K20xas long as short
Bitget BILLUSDT+0.0100%4h0.01381+0.072%$640K$1.1M20xas long as short
Backpack BILL_USDC_PERP+0.0100%1h0.01379−0.072%$21K$9395xas long as short
SunX BILL-USDT+0.0100%4h0.01383+0.217%$2K$1.1M20xas long as short
HTX BILL-USDTshort+0.0100%4h0.01376−0.290%$11K$39K20x
BloFin BILL-USDT+0.0131%4h0.01383+0.217%$146K$19K20xas long as short
OKX BILL-USDT-SWAP+0.0183%4h0.01381+0.072%$1.1M$2.7M20xas long as short
Aster BILLUSDT+0.0245%4h0.01381+0.038%$2K$4K5xas long as short
BingX BILL-USDTlong+0.0442%4h0.01380long leg$1.7M
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BILL_USDT+0.0444%4h0.013800.000%$1.1M$338K50xas long as short
Binance BILLUSDT+0.0446%4h0.01381+0.070%$2.5M$3.8M20xas long as short
Extended BILL-USD+0.0448%1h0.01381+0.045%$1K$222K5xas long as short
Coinbase International BILL-PERP-INTX+0.0688%1h0.01380+0.036%$46K$51K50xas long as short
KuCoin BILLUSDTM+0.1834%4h0.01382+0.130%$459K$309K20xas long as short
Deribit BILL_USDC-PERPETUAL+0.3316%1h0.01379−0.087%$108K$14K10xas long as short