BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.09 per $10,000 · paid last 24h +0.002%

Price spread now: SunX against BloFin+0.072%7-day average +0.188% · you sell dearer than you buy

Net, funding: paid 7d − costs−$352as in the Funding arb table

Net, price: spread back to 7d avg − costs−$367as in the Price arb table

costs, in and out, $10k−$3563.556% of the position

Long on BloFin Short on SunX

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)+0.284%+$28 · spread now +0.072%, 7d avg +0.188%

Together, before fees+0.318%+$32 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.116% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.188%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin BILL-USDT	0.01381	0.0118	pay 0.0059% / 4h	24m 54s	$145K	$19K	20x
Short	SunX BILL-USDT	0.01382	0.0100	get 0.0050% / 4h	24m 54s	$2K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$3.82
Price spread: +0.072% → +0.188%: −$11.56
Slippage, 4 orders: −$335.59
Fee BloFin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$370.97
Costs to cover: 3.556%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; SunX: live order book, 8 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, 4 min ago	7.24 bp	39.0 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	36.21 bp	155.6 bp −$156	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	0.01378	−0.217%	$1.3M	$997K	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01380	−0.072%	$277K	$86K	20x	as long as short
Bitget BILLUSDT	+0.0100%	4h	0.01380	−0.072%	$645K	$1.1M	20x	as long as short
Backpack BILL_USDC_PERP	+0.0100%	1h	0.01378	−0.217%	$21K	$951	5x	as long as short
SunX BILL-USDTshort	+0.0100%	4h	0.01382	+0.072%	$2K	$1.1M	20x
HTX BILL-USDT	+0.0100%	4h	0.01382	+0.072%	$11K	$39K	20x	as long as short
BloFin BILL-USDTlong	+0.0118%	4h	0.01381	long leg	$145K	$19K	20x
OKX BILL-USDT-SWAP	+0.0138%	4h	0.01381	0.000%	$1.1M	$2.8M	20x	as long as short
Aster BILLUSDT	+0.0152%	4h	0.01379	−0.114%	$2K	$4K	5x	as long as short
Binance BILLUSDT	+0.0279%	4h	0.01380	−0.072%	$2.5M	$3.9M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BILL-USD	+0.0280%	1h	0.01380	−0.100%	$2K	$220K	5x	as long as short
MEXC BILL_USDT	+0.0282%	4h	0.01379	−0.145%	$1.1M	$341K	50x	as long as short
BingX BILL-USDT	+0.0286%	4h	0.01378	−0.217%	—	$1.7M	—	as long as short
Coinbase International BILL-PERP-INTX	+0.0688%	1h	0.01378	−0.188%	$66K	$72K	50x	as long as short
KuCoin BILLUSDTM	+0.1322%	4h	0.01380	−0.036%	$456K	$314K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.1928%	1h	0.01380	−0.065%	$108K	$14K	10x	as long as short