BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.033%

Price spread now: OKX against BingX−0.072%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1271.265% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.072%, 7d avg −0.031%

Together, before fees+0.008%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.041% cheaper against BingX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.031%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.014% in total (about -0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BILL-USDT	0.01384	0.0340	pay 0.0170% / 4h	2h 04m	—	$1.7M	—
Short	OKX BILL-USDT-SWAP	0.01383	0.0100	get 0.0050% / 4h	2h 04m	$1.0M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$50.4
Price spread: −0.072% → −0.031%: −$4.14
Slippage, 4 orders: −$106.52
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$181.06
Costs to cover: 1.265%
Break-even: never at this rate

Slippage from BingX: live order book, 12 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 BingX live order book, 12 min ago	10.90 bp	36.5 bp −$36	111.3 bp −$1,113	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	3.61 bp	24.5 bp −$24	167.3 bp −$1,673	doesn't fit	doesn't fit

BILL on 15 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
Bybit BILLUSDT	+0.0100%	4h	0.01381	−0.217%	$1.3M	$957K	20x	as long as short
OKX BILL-USDT-SWAPshort	+0.0100%	4h	0.01383	−0.072%	$1.0M	$2.7M	20x
Gate BILL_USDT	+0.0100%	4h	0.01383	−0.072%	$280K	$84K	20x	as long as short
Bitget BILLUSDT	+0.0100%	4h	0.01383	−0.072%	$637K	$1.0M	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01387	+0.217%	$2K	$1.1M	20x	as long as short
Aster BILLUSDT	+0.0164%	4h	0.01382	−0.145%	$2K	$4K	5x	as long as short
Backpack BILL_USDC_PERP	+0.0322%	1h	0.01381	−0.217%	$21K	$939	5x	as long as short
BingX BILL-USDTlong	+0.0340%	4h	0.01384	long leg	—	$1.7M	—
MEXC BILL_USDT	+0.0364%	4h	0.01384	0.000%	$1.0M	$336K	50x	as long as short
Binance BILLUSDT	+0.0365%	4h	0.01384	+0.022%	$2.5M	$3.7M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BILL-USD	+0.0368%	1h	0.01384	−0.004%	$1K	$225K	5x	as long as short
HTX BILL-USDT	+0.0453%	4h	0.01383	−0.072%	$13K	$26K	20x	as long as short
Coinbase International BILL-PERP-INTX	+0.0632%	1h	0.01375	−0.650%	$46K	$51K	50x	as long as short
KuCoin BILLUSDTM	+0.1508%	4h	0.01384	0.000%	$455K	$298K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2209%	1h	0.01386	+0.159%	$108K	$14K	10x	as long as short