BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0060%/8h= +6.6% APRnext payment +$0.30 per $10,000 · paid last 24h +0.159%

Price spread now: KuCoin against Bybit+0.141%7-day average +0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,264as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,314as in the Price arb table

costs, in and out, $10k−$1,31713.170% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.526%+$53 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.141%, 7d avg +0.107%

Together, before fees+0.541%+$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.034% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BILLUSDT	0.01351	0.0100	pay 0.0050% / 4h	10m 39s	$1.3M	$997K	20x
Short	KuCoin BILLUSDTM	0.01353	0.0160	get 0.0080% / 4h	10m 39s	$457K	$638K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.141%Rate

Funding earned: $12.6
Price spread: +0.141% → +0.107%: $3.39
Slippage, 4 orders: −$1,293.99
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,300.99
Costs to cover: 13.170%
Break-even: 729.8 days

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 15 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, 3 min ago	7.40 bp	57.2 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 15 min ago	9.99 bp	447.3 bp −$447	doesn't fit	doesn't fit	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
BloFin BILL-USDT	+0.0096%	4h	0.01350	−0.074%	$146K	$16K	20x	as long as short
Aster BILLUSDT	+0.0100%	4h	0.01352	+0.069%	$3K	$6K	5x	as long as short
Binance BILLUSDT	+0.0100%	4h	0.01353	+0.148%	$2.5M	$4.2M	20x	as long as short
Bybit BILLUSDTlong	+0.0100%	4h	0.01351	long leg	$1.3M	$997K	20x
OKX BILL-USDT-SWAP	+0.0100%	4h	0.01351	0.000%	$1.1M	$3.0M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01350	−0.074%	$296K	$142K	20x	as long as short
MEXC BILL_USDT	+0.0100%	4h	0.01353	+0.148%	$1.1M	$366K	50x	as long as short
Backpack BILL_USDC_PERP	+0.0100%	1h	0.01352	+0.074%	$21K	$368	5x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01355	+0.296%	$2K	$1.3M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01355	+0.296%	$11K	$38K	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BILL-USD	+0.0104%	1h	0.01353	+0.115%	$3K	$252K	5x	as long as short
Bitget BILLUSDT	+0.0146%	4h	0.01353	+0.148%	$675K	$1.6M	20x	as long as short
BingX BILL-USDT	+0.0152%	4h	0.01353	+0.148%	—	$1.7M	—	as long as short
KuCoin BILLUSDTMshort	+0.0160%	4h	0.01353	+0.141%	$457K	$638K	20x
Coinbase International BILL-PERP-INTX	+0.0672%	1h	0.01349	−0.170%	$35K	$75K	50x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2490%	1h	0.01354	+0.215%	$137K	$67K	10x	as long as short