BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0055%/8h= +6.0% APRnext payment +$0.28 per $10,000 · paid last 24h −0.004%

Price spread now: Bybit against BloFin+0.291%102s7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$236as 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−$2352.349% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 3 days (all we have)−0.327%−$33 · spread now +0.291%, 7d avg −0.057%

Together, before fees−0.334%−$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.348% dearer against BloFin than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of −0.057%. The two prices were read 102 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	0.01374	0.0047	pay 0.0023% / 4h	27m 33s	$142K	$19K	20x
Short	Bybit BILLUSDT	0.01378	0.0102	get 0.0051% / 4h	27m 33s	$1.3M	$917K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.291%Rate

Funding earned: $11.56
Price spread: +0.291% → −0.057%: $34.84
Slippage, 4 orders: −$211.9
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$188.5
Costs to cover: 2.349%
Break-even: 121.2 days

Slippage from BloFin: live order book, 34 min ago; Bybit: 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, 34 min ago	3.66 bp	31.3 bp −$31	343.0 bp −$3,430	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	7.27 bp	81.7 bp −$82	1067.7 bp −$10.7K	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
BloFin BILL-USDTlong	+0.0047%	4h	0.01374	long leg	$142K	$19K	20x
Aster BILLUSDT	+0.0100%	4h	0.01377	+0.248%	$2K	$4K	5x	as long as short
OKX BILL-USDT-SWAP	+0.0100%	4h	0.01378	+0.291%	$1.0M	$2.5M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01379	+0.364%	$279K	$85K	20x	as long as short
Bitget BILLUSDT	+0.0100%	4h	0.01379	+0.364%	$629K	$810K	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01381	+0.509%	$2K	$1.0M	20x	as long as short
Bybit BILLUSDTshort	+0.0102%	4h	0.01378	+0.291%	$1.3M	$917K	20x
Extended BILL-USD	+0.0296%	1h	0.01379	+0.378%	$1K	$213K	5x	as long as short
MEXC BILL_USDT	+0.0296%	4h	0.01379	+0.364%	$866K	$307K	50x	as long as short
Binance BILLUSDT	+0.0296%	4h	0.01379	+0.364%	$2.4M	$3.5M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BILL-USDT	+0.0304%	4h	0.01379	+0.364%	—	$1.7M	—	as long as short
Backpack BILL_USDC_PERP	+0.0482%	1h	0.01378	+0.291%	$21K	$941	5x	as long as short
Coinbase International BILL-PERP-INTX	+0.0672%	1h	0.01377	+0.218%	$47K	$99K	50x	as long as short
KuCoin BILLUSDTM	+0.0812%	4h	0.01379	+0.393%	$444K	$272K	20x	as long as short
HTX BILL-USDT	+0.0898%	4h	0.01380	+0.437%	$19K	$5K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.1783%	1h	0.01380	+0.429%	$107K	$14K	10x	as long as short