BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0686%/8h= +75.1% APRnext payment +$3.43 per $10,000 · paid last 24h +0.127%

Price spread now: KuCoin against BloFin+0.125%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,252as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,294as in the Price arb table

costs, in and out, $10k−$1,30113.013% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.489%+$49 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.125%, 7d avg +0.054%

Together, before fees+0.425%+$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and KuCoin is 0.072% dearer against BloFin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BILL-USDT	0.01358	0.0054	pay 0.0027% / 4h	22m 40s	$146K	$17K	20x
Short	KuCoin BILLUSDTM	0.01360	0.0740	get 0.0370% / 4h	22m 40s	$444K	$356K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.125%Rate

Funding earned: $143.98
Price spread: +0.125% → +0.054%: $7.17
Slippage, 4 orders: −$1,277.31
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,150.17
Costs to cover: 13.013%
Break-even: 62.9 days

Slippage from BloFin: live order book, 47 min ago; KuCoin: live order book, 11 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, 47 min ago	14.60 bp	42.9 bp −$43	370.3 bp −$3,703	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	2.20 bp	577.6 bp −$578	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
BloFin BILL-USDTlong	+0.0054%	4h	0.01358	long leg	$146K	$17K	20x
Aster BILLUSDT	+0.0100%	4h	0.01359	+0.100%	$3K	$6K	5x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01357	−0.074%	$1.3M	$1.1M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01358	0.000%	$299K	$136K	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01361	+0.221%	$2K	$1.4M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01359	+0.074%	$11K	$40K	20x	as long as short
Binance BILLUSDT	+0.0210%	4h	0.01360	+0.146%	$2.5M	$4.5M	20x	as long as short
Extended BILL-USD	+0.0216%	1h	0.01359	+0.097%	$3K	$276K	5x	as long as short
MEXC BILL_USDT	+0.0218%	4h	0.01359	+0.074%	$1.0M	$343K	50x	as long as short
Bitget BILLUSDT	+0.0274%	4h	0.01359	+0.074%	$661K	$1.5M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BILL-USDT-SWAP	+0.0570%	4h	0.01359	+0.074%	$1.1M	$3.1M	20x	as long as short
BingX BILL-USDT	+0.0576%	4h	0.01359	+0.074%	—	$1.7M	—	as long as short
KuCoin BILLUSDTMshort	+0.0740%	4h	0.01360	+0.125%	$444K	$356K	20x
Coinbase International BILL-PERP-INTX	+0.0824%	1h	0.01359	+0.088%	$37K	$100K	50x	as long as short
Backpack BILL_USDC_PERP	+0.1226%	1h	0.01358	0.000%	$21K	$887	5x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2552%	1h	0.01360	+0.147%	$148K	$53K	10x	as long as short