BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.17 per $10,000 · paid last 24h +0.017%

Price spread now: OKX against Bitget+0.072%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1071.074% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.335%+$34 on $10k

Price spread, last 7 days−0.033%−$3 · spread now +0.072%, 7d avg +0.049%

Together, before fees+0.302%+$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.023% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BILLUSDT	0.01382	0.0100	pay 0.0050% / 4h	29m 29s	$647K	$1.1M	20x
Short	OKX BILL-USDT-SWAP	0.01383	0.0135	get 0.0067% / 4h	29m 29s	$1.1M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.072%Rate

Funding earned: $7.25
Price spread: +0.072% → +0.049%: $2.35
Slippage, 4 orders: −$85.39
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$97.8
Costs to cover: 1.074%
Break-even: 101.5 days

Slippage from Bitget: live order book, 2 min ago; OKX: live order book, 3 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, 2 min ago	7.22 bp	21.9 bp −$22	221.5 bp −$2,215	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	3.62 bp	28.6 bp −$29	194.7 bp −$1,947	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
Bybit BILLUSDT	+0.0100%	4h	0.01381	−0.072%	$1.3M	$995K	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01383	+0.072%	$278K	$86K	20x	as long as short
Bitget BILLUSDTlong	+0.0100%	4h	0.01382	long leg	$647K	$1.1M	20x
Backpack BILL_USDC_PERP	+0.0100%	1h	0.01381	−0.072%	$21K	$951	5x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01384	+0.145%	$2K	$1.1M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01379	−0.217%	$11K	$39K	20x	as long as short
BloFin BILL-USDT	+0.0115%	4h	0.01376	−0.434%	$146K	$19K	20x	as long as short
OKX BILL-USDT-SWAPshort	+0.0135%	4h	0.01383	+0.072%	$1.1M	$2.8M	20x
Aster BILLUSDT	+0.0155%	4h	0.01383	+0.100%	$2K	$4K	5x	as long as short
BingX BILL-USDT	+0.0270%	4h	0.01383	+0.072%	—	$1.7M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BILL_USDT	+0.0284%	4h	0.01384	+0.145%	$1.1M	$341K	50x	as long as short
Binance BILLUSDT	+0.0286%	4h	0.01385	+0.214%	$2.5M	$3.9M	20x	as long as short
Extended BILL-USD	+0.0288%	1h	0.01384	+0.119%	$2K	$220K	5x	as long as short
Coinbase International BILL-PERP-INTX	+0.0688%	1h	0.01381	−0.036%	$66K	$72K	50x	as long as short
KuCoin BILLUSDTM	+0.1352%	4h	0.01384	+0.130%	$460K	$315K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2069%	1h	0.01383	+0.087%	$108K	$14K	10x	as long as short