Funding you earn now, next payment 12:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.05 per $10,000 · paid last 24h +0.067%
Price spread now: MEXC against BloFin+0.224%49s7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as 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−$1201.198% of the position
Funding, last 7 days+0.129%+$13 on $10k
+Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.224%, 7d avg +0.057%
=The price spread pays, funding is against you. MEXC is 0.167% dearer against BloFin than usual: you sell high and buy low (spread +0.224% now, against its 7-day average of +0.057%): +$17 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. Mind the row above: over the last 7 days funding on this pair paid +0.129%, so the current rate has only just turned against you. The two prices were read 49 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 | 0.01342 | 0.0111 | pay 0.0055% / 4h | 52m 11s | $147K | $15K | 20x |
| Short | MEXC BILL_USDT | 0.01345 | 0.0100 | get 0.0050% / 4h | 52m 11s | $1.1M | $351K | 50x |
BloFin BILL-USDT
MEXC BILL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$2.23
- Price spread: +0.224% → +0.057%
- $16.65
- Slippage, 4 orders
- −$107.84
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$105.42
- Costs to cover
- 1.198%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 44 min ago; MEXC: 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, 44 min ago | 3.69 bp | 39.1 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 7.42 bp | 13.0 bp −$13 | 83.0 bp −$830 | 338.3 bp −$33.8K | doesn't fit |
BILL on 16 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BILLUSDT | +0.0100% | 4h | 0.01346 | +0.285% | $3K | $6K | 5x | as long as short |
| Binance BILLUSDT | +0.0100% | 4h | 0.01346 | +0.278% | $2.5M | $4.2M | 20x | as long as short |
| Bybit BILLUSDT | +0.0100% | 4h | 0.01342 | 0.000% | $1.3M | $996K | 20x | as long as short |
| OKX BILL-USDT-SWAP | +0.0100% | 4h | 0.01343 | +0.075% | $1.1M | $3.0M | 20x | as long as short |
| Gate BILL_USDT | +0.0100% | 4h | 0.01344 | +0.149% | $292K | $138K | 20x | as long as short |
| MEXC BILL_USDTshort | +0.0100% | 4h | 0.01345 | +0.224% | $1.1M | $351K | 50x | |
| KuCoin BILLUSDTM | +0.0100% | 4h | 0.01345 | +0.253% | $454K | $585K | 20x | as long as short |
| Backpack BILL_USDC_PERP | +0.0100% | 1h | 0.01345 | +0.224% | $21K | $598 | 5x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01346 | +0.298% | $1K | $1.3M | 20x | as long as short |
| HTX BILL-USDT | +0.0100% | 4h | 0.01343 | +0.075% | $10K | $38K | 20x | as long as short |
Aster BILLUSDT
Binance BILLUSDT
Bybit BILLUSDT
OKX BILL-USDT-SWAP
Gate BILL_USDT
KuCoin BILLUSDTM
Backpack BILL_USDC_PERP
SunX BILL-USDT
HTX BILL-USDTShow all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BILL-USD | +0.0104% | 1h | 0.01345 | +0.236% | $1K | $257K | 5x | as long as short |
| BloFin BILL-USDTlong | +0.0111% | 4h | 0.01342 | long leg | $147K | $15K | 20x | |
| Bitget BILLUSDT | +0.0134% | 4h | 0.01344 | +0.149% | $675K | $1.5M | 20x | as long as short |
| BingX BILL-USDT | +0.0134% | 4h | 0.01345 | +0.224% | — | $1.7M | — | as long as short |
| Coinbase International BILL-PERP-INTX | +0.0672% | 1h | 0.01345 | +0.209% | $35K | $75K | 50x | as long as short |
| Deribit BILL_USDC-PERPETUAL | +0.2507% | 1h | 0.01346 | +0.268% | $136K | $67K | 10x | as long as short |
Extended BILL-USD
Bitget BILLUSDT
BingX BILL-USDT
Coinbase International BILL-PERP-INTX
Deribit BILL_USDC-PERPETUAL