Funding you earn now, next payment 01:00 UTC+0.0586%/8h= +64.2% APRpaid last 24h +0.200%
Price spread now: Coinbase International against BloFin−0.088%58s7-day average +0.433% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+1.122%+$112 on $10k
+Price spread, last 3 days (all we have)+0.413%+$41 · spread now −0.088%, 7d avg +0.433%
=Funding pays, the price is against you. Coinbase International is 0.520% cheaper against BloFin than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of +0.433%). If the spread goes back, that is −$52 on $10k: about 3.0 days of funding at the current rate (+$18 a day). The two prices were read 58 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 | 0.01365 | 0.0046 | pay 0.0023% / 4h | 2h 49m | $147K | $19K | 20x |
| Short | Coinbase International BILL-PERP-INTX | 0.01364 | 0.0632 | get 0.0079% / 1h | 49m 47s | $46K | $99K | 50x |
BloFin BILL-USDT
Coinbase International BILL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $123.14
- Price spread: −0.088% → +0.433%
- −$52.05
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $49.09
- Costs to cover
- 0.220%
- Break-even
- 4.2 days
Slippage unknown: BloFin: live order book, 66 min ago; Coinbase International: no order-book sample. Net counts fees only.
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, 66 min ago | 10.79 bp | 42.3 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International no order-book sample | — | — | — | — | — |
Coinbase International: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | +0.0046% | 4h | 0.01365 | long leg | $147K | $19K | 20x | |
| Aster BILLUSDT | +0.0100% | 4h | 0.01370 | +0.331% | $2K | $4K | 5x | as long as short |
| Bybit BILLUSDT | +0.0100% | 4h | 0.01367 | +0.147% | $1.3M | $960K | 20x | as long as short |
| OKX BILL-USDT-SWAP | +0.0100% | 4h | 0.01369 | +0.293% | $996K | $2.6M | 20x | as long as short |
| Gate BILL_USDT | +0.0100% | 4h | 0.01368 | +0.220% | $276K | $76K | 20x | as long as short |
| Bitget BILLUSDT | +0.0100% | 4h | 0.01369 | +0.293% | $625K | $925K | 20x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01371 | +0.440% | $2K | $1.1M | 20x | as long as short |
| BingX BILL-USDT | +0.0194% | 4h | 0.01369 | +0.293% | — | $1.7M | — | as long as short |
| MEXC BILL_USDT | +0.0198% | 4h | 0.01371 | +0.440% | $1.0M | $330K | 50x | as long as short |
| Binance BILLUSDT | +0.0207% | 4h | 0.01370 | +0.366% | $2.4M | $3.7M | 20x | as long as short |
Aster BILLUSDT
Bybit BILLUSDT
OKX BILL-USDT-SWAP
Gate BILL_USDT
Bitget BILLUSDT
SunX BILL-USDT
BingX BILL-USDT
MEXC BILL_USDT
Binance BILLUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BILL-USD | +0.0208% | 1h | 0.01370 | +0.342% | $2K | $227K | 5x | as long as short |
| Backpack BILL_USDC_PERP | +0.0552% | 1h | 0.01368 | +0.220% | $21K | $941 | 5x | as long as short |
| HTX BILL-USDT | +0.0558% | 4h | 0.01371 | +0.440% | $17K | $8K | 20x | as long as short |
| Coinbase International BILL-PERP-INTXshort | +0.0632% | 1h | 0.01364 | −0.088% | $46K | $99K | 50x | |
| KuCoin BILLUSDTM | +0.0838% | 4h | 0.01369 | +0.315% | $441K | $292K | 20x | as long as short |
| Deribit BILL_USDC-PERPETUAL | +0.2312% | 1h | 0.01370 | +0.344% | $107K | $14K | 10x | as long as short |
Extended BILL-USD
Backpack BILL_USDC_PERP
HTX BILL-USDT
KuCoin BILLUSDTM
Deribit BILL_USDC-PERPETUAL