Funding you earn now, next payment 09:00 UTC+0.0196%/8h= +21.5% APRpaid last 24h +0.049%
Price spread now: Extended against Bybit+0.180%7-day average +0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$265as in the Funding arb table
Net, price: spread back to 7d avg − costs−$271as in the Price arb table
costs, in and out, $10k−$2782.777% of the position
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.180%, 7d avg +0.112%
=Together, before fees−0.051%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Extended is 0.068% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.112%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.124% in total (about 6.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BILLUSDT | 0.01361 | 0.0100 | pay 0.0050% / 4h | 3h 39m | $1.3M | $1.1M | 20x |
| Short | Extended BILL-USD | 0.01363 | 0.0296 | get 0.0037% / 1h | 39m 34s | $1K | $269K | 5x |
Bybit BILLUSDT
Extended BILL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bybit. 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
- $41.16
- Price spread: +0.180% → +0.112%
- $6.82
- Slippage, 4 orders
- −$261.7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$229.72
- Costs to cover
- 2.777%
- Break-even
- 46.1 days
Slippage from Bybit: live order book, 1 min ago; Extended: live order book, 58 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 Bybit live order book, 1 min ago | 7.35 bp | 73.8 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 58 min ago | 5.49 bp | 83.4 bp −$83 | 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-USDT | +0.0052% | 4h | 0.01364 | +0.220% | $146K | $17K | 20x | as long as short |
| Bybit BILLUSDTlong | +0.0100% | 4h | 0.01361 | long leg | $1.3M | $1.1M | 20x | |
| Gate BILL_USDT | +0.0100% | 4h | 0.01361 | 0.000% | $296K | $132K | 20x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01365 | +0.294% | $1K | $1.3M | 20x | as long as short |
| HTX BILL-USDT | +0.0100% | 4h | 0.01363 | +0.147% | $11K | $40K | 20x | as long as short |
| Aster BILLUSDT | +0.0150% | 4h | 0.01364 | +0.239% | $3K | $6K | 5x | as long as short |
| Binance BILLUSDT | +0.0295% | 4h | 0.01364 | +0.210% | $2.5M | $4.3M | 20x | as long as short |
| Extended BILL-USDshort | +0.0296% | 1h | 0.01363 | +0.180% | $1K | $269K | 5x | |
| MEXC BILL_USDT | +0.0296% | 4h | 0.01363 | +0.147% | $1.1M | $347K | 50x | as long as short |
| Bitget BILLUSDT | +0.0418% | 4h | 0.01363 | +0.147% | $673K | $1.4M | 20x | as long as short |
BloFin BILL-USDT
Gate BILL_USDT
SunX BILL-USDT
HTX BILL-USDT
Aster BILLUSDT
Binance BILLUSDT
MEXC BILL_USDT
Bitget BILLUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BILL-USDT | +0.0504% | 4h | 0.01364 | +0.220% | — | $1.7M | — | as long as short |
| OKX BILL-USDT-SWAP | +0.0525% | 4h | 0.01363 | +0.147% | $1.1M | $3.0M | 20x | as long as short |
| Coinbase International BILL-PERP-INTX | +0.0816% | 1h | 0.01362 | +0.088% | $37K | $71K | 50x | as long as short |
| KuCoin BILLUSDTM | +0.0972% | 4h | 0.01362 | +0.073% | $447K | $377K | 20x | as long as short |
| Backpack BILL_USDC_PERP | +0.1600% | 1h | 0.01362 | +0.073% | $21K | $875 | 5x | as long as short |
| Deribit BILL_USDC-PERPETUAL | +0.2397% | 1h | 0.01364 | +0.206% | $148K | $53K | 10x | as long as short |
BingX BILL-USDT
OKX BILL-USDT-SWAP
Coinbase International BILL-PERP-INTX
KuCoin BILLUSDTM
Backpack BILL_USDC_PERP
Deribit BILL_USDC-PERPETUAL