Funding arb · Price arb /

BILL

all BILL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0732%/8h= −80.2% APRpaid last 24h −0.184%

Price spread now: Aster against Coinbase International+0.066%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.066% dearer against Coinbase International than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BILL-PERP-INTX	0.01371	0.0832	pay 0.0104% / 1h	43m 53s	$39K	$98K	50x
Short	Aster BILLUSDT	0.01372	0.0100	get 0.0050% / 4h	2h 43m	$1K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$153.72
Price spread: +0.066% → 0.000%: $6.59
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$165.13
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Aster: 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Coinbase International and Aster: 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
Aster BILLUSDTshort	+0.0100%	4h	0.01372	+0.066%	$1K	$4K	5x
Bybit BILLUSDT	+0.0100%	4h	0.01369	−0.175%	$1.3M	$1.0M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01371	−0.029%	$278K	$90K	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01374	+0.190%	$2K	$1.2M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01370	−0.102%	$11K	$39K	20x	as long as short
BloFin BILL-USDT	+0.0144%	4h	0.01372	+0.044%	$148K	$17K	20x	as long as short
Extended BILL-USD	+0.0160%	1h	0.01371	−0.056%	$2K	$257K	5x	as long as short
MEXC BILL_USDT	+0.0160%	4h	0.01371	−0.029%	$999K	$338K	50x	as long as short
Binance BILLUSDT	+0.0160%	4h	0.01371	+0.005%	$2.5M	$4.0M	20x	as long as short
Bitget BILLUSDT	+0.0282%	4h	0.01371	−0.029%	$648K	$1.2M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack BILL_USDC_PERP	+0.0348%	1h	0.01370	−0.102%	$21K	$1K	5x	as long as short
BingX BILL-USDT	+0.0496%	4h	0.01372	+0.044%	—	$1.7M	—	as long as short
OKX BILL-USDT-SWAP	+0.0515%	4h	0.01371	−0.029%	$1.1M	$2.9M	20x	as long as short
KuCoin BILLUSDTM	+0.0748%	4h	0.01373	+0.109%	$458K	$337K	20x	as long as short
Coinbase International BILL-PERP-INTXlong	+0.0832%	1h	0.01371	long leg	$39K	$98K	50x
Deribit BILL_USDC-PERPETUAL	+0.1942%	1h	0.01371	+0.007%	$107K	$12K	10x	as long as short