BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.02 per $10,000 · paid last 24h +0.066%

Price spread now: Binance against BloFin+0.146%111s7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as 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−$1641.640% of the position

Long on BloFin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.127%+$13 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.146%, 7d avg +0.090%

Together, before fees+0.151%+$15 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: Binance is 0.055% dearer against BloFin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.090%. The two prices were read 111 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	BloFin BILL-USDT	0.01371	0.0141	pay 0.0071% / 4h	2h 21m	$151K	$16K	20x
Short	Binance BILLUSDT	0.01373	0.0145	get 0.0073% / 4h	2h 21m	$2.5M	$4.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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 BloFinbpFee BinancebpOrdersPrice spread, now +0.146%Rate

Funding earned: $0.84
Price spread: +0.146% → +0.090%: $5.54
Slippage, 4 orders: −$142.02
Fee BloFin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$157.65
Costs to cover: 1.640%
Break-even: 1327.8 days

Slippage from BloFin: live order book, 22 min ago; Binance: live order book, 8 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 BloFin live order book, 22 min ago	14.56 bp	52.4 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	3.63 bp	38.0 bp −$38	181.5 bp −$1,815	doesn't fit	doesn't fit

BILL on 16 exchanges

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	0.01373	+0.137%	$3K	$6K	5x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01370	−0.073%	$1.3M	$994K	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01371	0.000%	$296K	$134K	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01374	+0.219%	$2K	$1.3M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01370	−0.073%	$11K	$38K	20x	as long as short
BloFin BILL-USDTlong	+0.0141%	4h	0.01371	long leg	$151K	$16K	20x
Extended BILL-USD	+0.0144%	1h	0.01373	+0.116%	$2K	$263K	5x	as long as short
MEXC BILL_USDT	+0.0144%	4h	0.01372	+0.073%	$1.0M	$357K	50x	as long as short
Binance BILLUSDTshort	+0.0145%	4h	0.01373	+0.146%	$2.5M	$4.2M	20x
OKX BILL-USDT-SWAP	+0.0279%	4h	0.01373	+0.146%	$1.1M	$3.0M	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BILLUSDT	+0.0344%	4h	0.01374	+0.219%	$679K	$1.5M	20x	as long as short
BingX BILL-USDT	+0.0360%	4h	0.01373	+0.146%	—	$1.7M	—	as long as short
KuCoin BILLUSDTM	+0.0620%	4h	0.01371	+0.036%	$454K	$475K	20x	as long as short
Coinbase International BILL-PERP-INTX	+0.0824%	1h	0.01372	+0.080%	$33K	$74K	50x	as long as short
Backpack BILL_USDC_PERP	+0.1242%	1h	0.01373	+0.146%	$21K	$591	5x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2012%	1h	0.01374	+0.204%	$139K	$65K	10x	as long as short