BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0219%/8h= +23.9% APRnext payment +$1.09 per $10,000 · paid last 24h +0.045%

Price spread now: Binance against Bitget+0.080%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$980.976% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 7 days+0.088%+$9 · spread now +0.080%, 7d avg +0.090%

Together, before fees+0.155%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.090%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.067% in total (about 3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.09 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	Bitget BILLUSDT	0.01386	0.0100	pay 0.0050% / 4h	3h 44m	$631K	$847K	20x
Short	Binance BILLUSDT	0.01387	0.0319	get 0.0159% / 4h	3h 44m	$2.5M	$3.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.080%Rate

Funding earned: $45.92
Price spread: +0.080% → +0.090%: −$1.01
Slippage, 4 orders: −$75.57
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$52.65
Costs to cover: 0.976%
Break-even: 15.0 days

Slippage from Bitget: live order book, 26 min ago; Binance: live order book, 7 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 Bitget live order book, 26 min ago	10.83 bp	19.3 bp −$19	117.9 bp −$1,179	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	3.60 bp	28.1 bp −$28	136.4 bp −$1,364	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	0.01387	+0.084%	$2K	$4K	5x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01386	0.000%	$1.3M	$937K	20x	as long as short
OKX BILL-USDT-SWAP	+0.0100%	4h	0.01386	0.000%	$1.0M	$2.5M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01388	+0.144%	$280K	$82K	20x	as long as short
Bitget BILLUSDTlong	+0.0100%	4h	0.01386	long leg	$631K	$847K	20x
SunX BILL-USDT	+0.0100%	4h	0.01389	+0.216%	$2K	$1.1M	20x	as long as short
BloFin BILL-USDT	+0.0109%	4h	0.01389	+0.216%	$145K	$19K	20x	as long as short
Backpack BILL_USDC_PERP	+0.0230%	1h	0.01386	0.000%	$22K	$926	5x	as long as short
MEXC BILL_USDT	+0.0314%	4h	0.01387	+0.072%	$1.0M	$320K	50x	as long as short
Binance BILLUSDTshort	+0.0319%	4h	0.01387	+0.080%	$2.5M	$3.6M	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BILL-USD	+0.0320%	1h	0.01387	+0.049%	$2K	$235K	5x	as long as short
BingX BILL-USDT	+0.0322%	4h	0.01386	0.000%	—	$1.7M	—	as long as short
Coinbase International BILL-PERP-INTX	+0.0632%	1h	0.01386	−0.007%	$47K	$100K	50x	as long as short
HTX BILL-USDT	+0.0710%	4h	0.01391	+0.361%	$17K	$8K	20x	as long as short
KuCoin BILLUSDTM	+0.0978%	4h	0.01387	+0.101%	$443K	$278K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2062%	1h	0.01387	+0.101%	$108K	$14K	10x	as long as short