Funding arb · Price arb /

BILL

all BILL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bitget+0.145%7-day average +0.189% · you sell dearer than you buy

Net, funding: paid 7d − costs−$289as in the Funding arb table

Net, price: spread back to 7d avg − costs−$293as in the Price arb table

costs, in and out, $10k−$2892.890% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.128%+$13 · spread now +0.145%, 7d avg +0.189%

Together, before fees+0.128%+$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.044% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.189%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BILLUSDT	0.01379	0.0100	pay 0.0050% / 4h	2h 07m	$636K	$1.0M	20x
Short	SunX BILL-USDT	0.01381	0.0100	get 0.0050% / 4h	2h 07m	$1K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SunXbpOrdersPrice spread, now +0.145%Rate

Funding earned: $0
Price spread: +0.145% → +0.189%: −$4.38
Slippage, 4 orders: −$269.03
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$293.41
Costs to cover: 2.890%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; SunX: live order book, 5 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, 3 min ago	7.25 bp	21.3 bp −$21	135.0 bp −$1,350	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	36.26 bp	140.3 bp −$140	doesn't fit	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	0.01379	0.000%	$1.3M	$959K	20x	as long as short
OKX BILL-USDT-SWAP	+0.0100%	4h	0.01382	+0.218%	$1.0M	$2.7M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01378	−0.073%	$280K	$83K	20x	as long as short
Bitget BILLUSDTlong	+0.0100%	4h	0.01379	long leg	$636K	$1.0M	20x
SunX BILL-USDTshort	+0.0100%	4h	0.01381	+0.145%	$1K	$1.1M	20x
Aster BILLUSDT	+0.0121%	4h	0.01380	+0.043%	$2K	$4K	5x	as long as short
Backpack BILL_USDC_PERP	+0.0302%	1h	0.01378	−0.073%	$21K	$939	5x	as long as short
BingX BILL-USDT	+0.0316%	4h	0.01381	+0.145%	—	$1.7M	—	as long as short
Extended BILL-USD	+0.0336%	1h	0.01380	+0.101%	$1K	$225K	5x	as long as short
MEXC BILL_USDT	+0.0338%	4h	0.01381	+0.145%	$1.0M	$336K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BILLUSDT	+0.0340%	4h	0.01381	+0.145%	$2.5M	$3.8M	20x	as long as short
HTX BILL-USDT	+0.0540%	4h	0.01378	−0.073%	$13K	$18K	20x	as long as short
Coinbase International BILL-PERP-INTX	+0.0632%	1h	0.01375	−0.290%	$46K	$51K	50x	as long as short
KuCoin BILLUSDTM	+0.1428%	4h	0.01380	+0.051%	$450K	$298K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2218%	1h	0.01381	+0.138%	$108K	$14K	10x	as long as short