Funding arb · Price arb /

BILL

all BILL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.163%

Price spread now: HTX against Bybit+0.147%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.147% dearer against Bybit than usual: you sell high and buy low, +$15 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BILLUSDT	0.01357	0.0100	pay 0.0050% / 4h	23m 14s	$1.3M	$1.1M	20x
Short	HTX BILL-USDT	0.01359	0.0100	get 0.0050% / 4h	23m 14s	$11K	$40K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now +0.147%Rate

Funding earned: $0
Price spread: +0.147% → 0.000%: $14.74
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$8.26
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 8 min ago; HTX: no order-book sample. Net counts fees only.

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, 8 min ago	7.35 bp	67.6 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.0054%	4h	0.01358	+0.074%	$146K	$17K	20x	as long as short
Aster BILLUSDT	+0.0100%	4h	0.01359	+0.164%	$3K	$6K	5x	as long as short
Bybit BILLUSDTlong	+0.0100%	4h	0.01357	long leg	$1.3M	$1.1M	20x
Gate BILL_USDT	+0.0100%	4h	0.01357	0.000%	$299K	$136K	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01361	+0.295%	$2K	$1.4M	20x	as long as short
HTX BILL-USDTshort	+0.0100%	4h	0.01359	+0.147%	$11K	$40K	20x
Extended BILL-USD	+0.0216%	1h	0.01358	+0.095%	$3K	$276K	5x	as long as short
Binance BILLUSDT	+0.0219%	4h	0.01359	+0.160%	$2.5M	$4.5M	20x	as long as short
MEXC BILL_USDT	+0.0226%	4h	0.01359	+0.147%	$1.0M	$343K	50x	as long as short
Bitget BILLUSDT	+0.0272%	4h	0.01359	+0.147%	$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	0.01360	+0.221%	$1.1M	$3.1M	20x	as long as short
BingX BILL-USDT	+0.0576%	4h	0.01358	+0.074%	—	$1.7M	—	as long as short
KuCoin BILLUSDTM	+0.0750%	4h	0.01359	+0.162%	$444K	$356K	20x	as long as short
Coinbase International BILL-PERP-INTX	+0.0824%	1h	0.01359	+0.162%	$37K	$100K	50x	as long as short
Backpack BILL_USDC_PERP	+0.1263%	1h	0.01358	+0.074%	$21K	$887	5x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2552%	1h	0.01360	+0.221%	$148K	$53K	10x	as long as short