BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0533%/8h= +58.4% APRnext payment +$2.67 per $10,000 · paid last 24h +0.060%

Price spread now: BingX against BloFin+0.146%111s7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as 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−$1471.469% of the position

Long on BloFin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.399%+$40 on $10k

Price spread, last 4 days (all we have)−0.075%−$7 · spread now +0.146%, 7d avg +0.057%

Together, before fees+0.325%+$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and BingX is 0.089% dearer against BloFin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.057%. 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	0.01367	0.0075	pay 0.0037% / 4h	1h 59m	$147K	$17K	20x
Short	BingX BILL-USDT	0.01369	0.0608	get 0.0304% / 4h	1h 59m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against BloFin. 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 BloFinbpFee BingXbpOrdersPrice spread, now +0.146%Rate

Funding earned: $112.03
Price spread: +0.146% → +0.057%: $8.91
Slippage, 4 orders: −$124.92
Fee BloFin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$25.98
Costs to cover: 1.469%
Break-even: 8.6 days

Slippage from BloFin: live order book, 15 min ago; BingX: 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 BloFin live order book, 15 min ago	3.65 bp	32.5 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	10.93 bp	28.1 bp −$28	106.6 bp −$1,066	1179.5 bp −$117.9K	1463.3 bp −$731.6K

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-USDTlong	+0.0075%	4h	0.01367	long leg	$147K	$17K	20x
Aster BILLUSDT	+0.0100%	4h	0.01367	+0.007%	$2K	$5K	5x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01367	0.000%	$1.3M	$1.0M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01368	+0.073%	$276K	$90K	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01373	+0.439%	$2K	$1.2M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01368	+0.073%	$11K	$39K	20x	as long as short
Backpack BILL_USDC_PERP	+0.0189%	1h	0.01367	0.000%	$21K	$973	5x	as long as short
MEXC BILL_USDT	+0.0228%	4h	0.01369	+0.146%	$1.0M	$333K	50x	as long as short
Extended BILL-USD	+0.0232%	1h	0.01369	+0.145%	$1K	$257K	5x	as long as short
Binance BILLUSDT	+0.0243%	4h	0.01369	+0.146%	$2.5M	$4.1M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BILLUSDT	+0.0320%	4h	0.01370	+0.219%	$643K	$1.3M	20x	as long as short
BingX BILL-USDTshort	+0.0608%	4h	0.01369	+0.146%	—	$1.7M	—
OKX BILL-USDT-SWAP	+0.0634%	4h	0.01369	+0.146%	$1.1M	$2.9M	20x	as long as short
KuCoin BILLUSDTM	+0.0728%	4h	0.01370	+0.198%	$449K	$339K	20x	as long as short
Coinbase International BILL-PERP-INTX	+0.0832%	1h	0.01362	−0.402%	$38K	$98K	50x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2236%	1h	0.01371	+0.307%	$107K	$12K	10x	as long as short