BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0012%/8h= −1.4% APRnext payment −$0.06 per $10,000 · paid last 24h +0.002%

Price spread now: Gate against BloFin+0.145%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,470as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,454as in the Price arb table

costs, in and out, $10k−$1,47414.735% of the position

Long on BloFin Short on Gate

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)−0.109%−$11 · spread now +0.145%, 7d avg −0.047%

Together, before fees−0.074%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.192% dearer against BloFin than usual: you sell high and buy low (spread +0.145% now, against its 7-day average of −0.047%): +$19 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 52 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BILL-USDT	0.01381	0.0112	pay 0.0056% / 4h	28m 35s	$145K	$19K	20x
Short	Gate BILL_USDT	0.01383	0.0100	get 0.0050% / 4h	28m 35s	$278K	$86K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.145%Rate

Funding earned: −$2.59
Price spread: +0.145% → −0.047%: $19.21
Slippage, 4 orders: −$1,446.52
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,456.89
Costs to cover: 14.735%
Break-even: never at this rate

Slippage from BloFin: live order book, 1 min ago; Gate: live order book, 23 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, 1 min ago	7.24 bp	39.0 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 23 min ago	11.03 bp	451.1 bp −$451	doesn't fit	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	0.000%	$1.3M	$996K	20x	as long as short
Gate BILL_USDTshort	+0.0100%	4h	0.01383	+0.145%	$278K	$86K	20x
Bitget BILLUSDT	+0.0100%	4h	0.01381	0.000%	$646K	$1.1M	20x	as long as short
Backpack BILL_USDC_PERP	+0.0100%	1h	0.01382	+0.072%	$21K	$951	5x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01386	+0.362%	$2K	$1.1M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01379	−0.145%	$11K	$39K	20x	as long as short
BloFin BILL-USDTlong	+0.0112%	4h	0.01381	long leg	$145K	$19K	20x
OKX BILL-USDT-SWAP	+0.0135%	4h	0.01382	+0.072%	$1.1M	$2.8M	20x	as long as short
Aster BILLUSDT	+0.0158%	4h	0.01383	+0.136%	$2K	$4K	5x	as long as short
BingX BILL-USDT	+0.0270%	4h	0.01382	+0.072%	—	$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	+0.0286%	4h	0.01382	+0.072%	$1.1M	$341K	50x	as long as short
Binance BILLUSDT	+0.0288%	4h	0.01383	+0.138%	$2.5M	$3.9M	20x	as long as short
Extended BILL-USD	+0.0288%	1h	0.01382	+0.044%	$2K	$220K	5x	as long as short
Coinbase International BILL-PERP-INTX	+0.0688%	1h	0.01381	+0.036%	$66K	$72K	50x	as long as short
KuCoin BILLUSDTM	+0.1344%	4h	0.01384	+0.196%	$460K	$314K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.1921%	1h	0.01385	+0.268%	$108K	$14K	10x	as long as short