BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0444%/8h= +48.6% APRnext payment +$2.22 per $10,000 · paid last 24h +0.031%

Price spread now: OKX against BloFin+0.661%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$1301.301% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.383%+$38 on $10k

Price spread, last 4 days (all we have)−0.340%−$34 · spread now +0.661%, 7d avg +0.081%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and OKX is 0.580% dearer against BloFin than usual: you sell high and buy low: +$58 more if the spread goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BILL-USDT	0.01362	0.0067	pay 0.0033% / 4h	2h 36m	$148K	$17K	20x
Short	OKX BILL-USDT-SWAP	0.01371	0.0510	get 0.0255% / 4h	2h 36m	$1.1M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.661%Rate

Funding earned: $93.19
Price spread: +0.661% → +0.081%: $57.98
Slippage, 4 orders: −$108.07
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: $21.1
Costs to cover: 1.301%
Break-even: 5.4 days

Slippage from BloFin: live order book, 43 min ago; OKX: live order book, 6 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, 43 min ago	7.26 bp	37.4 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	7.29 bp	26.0 bp −$26	200.3 bp −$2,003	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	+0.0067%	4h	0.01362	long leg	$148K	$17K	20x
Aster BILLUSDT	+0.0100%	4h	0.01369	+0.549%	$1K	$4K	5x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01369	+0.514%	$1.3M	$1.0M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01368	+0.441%	$278K	$90K	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01368	+0.441%	$1K	$1.2M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01371	+0.661%	$11K	$39K	20x	as long as short
Binance BILLUSDT	+0.0120%	4h	0.01372	+0.731%	$2.5M	$4.0M	20x	as long as short
MEXC BILL_USDT	+0.0126%	4h	0.01371	+0.661%	$980K	$341K	50x	as long as short
Extended BILL-USD	+0.0128%	1h	0.01372	+0.705%	$4K	$261K	5x	as long as short
Backpack BILL_USDC_PERP	+0.0226%	1h	0.01369	+0.514%	$21K	$977	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BILLUSDT	+0.0272%	4h	0.01372	+0.734%	$650K	$1.3M	20x	as long as short
BingX BILL-USDT	+0.0490%	4h	0.01371	+0.661%	—	$1.7M	—	as long as short
OKX BILL-USDT-SWAPshort	+0.0510%	4h	0.01371	+0.661%	$1.1M	$2.9M	20x
KuCoin BILLUSDTM	+0.0670%	4h	0.01370	+0.587%	$454K	$337K	20x	as long as short
Coinbase International BILL-PERP-INTX	+0.0832%	1h	0.01365	+0.191%	$38K	$98K	50x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2169%	1h	0.01368	+0.419%	$107K	$12K	10x	as long as short