BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0015%/8h= −1.7% APRnext payment −$0.08 per $10,000 · paid last 24h +0.002%

Price spread now: Bitget against BloFin+0.363%95s7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$137as 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−$1411.408% of the position

Long on BloFin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 4 days (all we have)−0.363%−$36 · spread now +0.363%, 7d avg +0.003%

Together, before fees−0.328%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.360% dearer against BloFin than usual: you sell high and buy low (spread +0.363% now, against its 7-day average of +0.003%): +$36 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 3 months. 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	BloFin BILL-USDT	0.01376	0.0115	pay 0.0058% / 4h	29m 38s	$146K	$19K	20x
Short	Bitget BILLUSDT	0.01381	0.0100	get 0.0050% / 4h	29m 38s	$646K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.363%Rate

Funding earned: −$3.17
Price spread: +0.363% → +0.003%: $35.99
Slippage, 4 orders: −$116.82
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$108
Costs to cover: 1.408%
Break-even: never at this rate

Slippage from BloFin: live order book, 67 min ago; Bitget: live order book, 2 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, 67 min ago	10.89 bp	42.2 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	7.22 bp	27.3 bp −$27	183.8 bp −$1,838	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	+0.363%	$1.3M	$996K	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01383	+0.509%	$278K	$86K	20x	as long as short
Bitget BILLUSDTshort	+0.0100%	4h	0.01381	+0.363%	$646K	$1.1M	20x
Backpack BILL_USDC_PERP	+0.0100%	1h	0.01381	+0.363%	$21K	$951	5x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01384	+0.581%	$2K	$1.1M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01379	+0.218%	$11K	$39K	20x	as long as short
BloFin BILL-USDTlong	+0.0115%	4h	0.01376	long leg	$146K	$19K	20x
OKX BILL-USDT-SWAP	+0.0131%	4h	0.01384	+0.581%	$1.1M	$2.8M	20x	as long as short
Aster BILLUSDT	+0.0155%	4h	0.01383	+0.537%	$2K	$4K	5x	as long as short
BingX BILL-USDT	+0.0274%	4h	0.01383	+0.509%	—	$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	0.01383	+0.509%	$1.1M	$341K	50x	as long as short
Binance BILLUSDT	+0.0286%	4h	0.01385	+0.627%	$2.5M	$3.9M	20x	as long as short
Extended BILL-USD	+0.0288%	1h	0.01384	+0.556%	$2K	$220K	5x	as long as short
Coinbase International BILL-PERP-INTX	+0.0688%	1h	0.01381	+0.400%	$66K	$72K	50x	as long as short
KuCoin BILLUSDTM	+0.1352%	4h	0.01384	+0.567%	$460K	$315K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2069%	1h	0.01383	+0.523%	$108K	$14K	10x	as long as short