BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.22 per $10,000 · paid last 24h +0.008%

Price spread now: BloFin against Bitget−0.072%95s7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1341.336% of the position

Long on Bitget Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 3 days (all we have)+0.072%+$7 · spread now −0.072%, 7d avg +0.009%

Together, before fees+0.045%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.081% cheaper against Bitget than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.009%). Swap the legs. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.

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 41m	$631K	$847K	20x
Short	BloFin BILL-USDT	0.01385	0.0055	get 0.0028% / 4h	3h 41m	$144K	$19K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$9.38
Price spread: −0.072% → +0.009%: −$8.08
Slippage, 4 orders: −$109.63
Fee Bitget: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$151.09
Costs to cover: 1.336%
Break-even: never at this rate

Slippage from Bitget: live order book, 29 min ago; BloFin: live order book, 15 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, 29 min ago	10.83 bp	19.3 bp −$19	117.9 bp −$1,179	doesn't fit	doesn't fit
Sell BloFin live order book, 15 min ago	10.79 bp	47.5 bp −$47	317.4 bp −$3,174	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-USDTshort	+0.0055%	4h	0.01385	−0.072%	$144K	$19K	20x
Aster BILLUSDT	+0.0100%	4h	0.01386	+0.011%	$2K	$4K	5x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01385	−0.072%	$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	0.01387	+0.072%	$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
Backpack BILL_USDC_PERP	+0.0210%	1h	0.01386	0.000%	$22K	$926	5x	as long as short
Binance BILLUSDT	+0.0317%	4h	0.01387	+0.072%	$2.5M	$3.6M	20x	as long as short
MEXC BILL_USDT	+0.0318%	4h	0.01387	+0.072%	$1.0M	$320K	50x	as long as short

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	+0.050%	$3K	$247K	5x	as long as short
BingX BILL-USDT	+0.0322%	4h	0.01387	+0.072%	—	$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	+0.0834%	4h	0.01390	+0.289%	$17K	$8K	20x	as long as short
KuCoin BILLUSDTM	+0.0976%	4h	0.01388	+0.115%	$446K	$279K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2205%	1h	0.01388	+0.166%	$108K	$14K	10x	as long as short