Funding you earn now, next payment 02:00 UTC−0.0232%/8h= −25.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.165%
Price spread now: Extended against Coinbase International+0.464%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−1.028%−$103 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Extended is 0.464% dearer against Coinbase International than usual: you sell high and buy low (spread +0.464% now, against zero (this spread has no 7-day history yet)): +$46 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 6.7 days. At the pace of the last 7 days (−1.028% in total) that is about 3.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BILL-PERP-INTX | 0.01379 | 0.0688 | pay 0.0086% / 1h | 16m 01s | $46K | $51K | 50x |
| Short | Extended BILL-USD | 0.01386 | 0.0456 | get 0.0057% / 1h | 16m 01s | $1K | $222K | 5x |
Coinbase International BILL-PERP-INTX
Extended BILL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Coinbase International. 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
- −$48.72
- Price spread: +0.464% → 0.000%
- $46.44
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$17.28
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Coinbase International: no order-book sample; Extended: live order book, 46 min ago. 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 Extended live order book, 46 min ago | 5.41 bp | 71.3 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
Coinbase International: 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 | +0.0065% | 4h | 0.01383 | +0.276% | $146K | $19K | 20x | as long as short |
| Bybit BILLUSDT | +0.0100% | 4h | 0.01380 | +0.058% | $1.3M | $960K | 20x | as long as short |
| Gate BILL_USDT | +0.0100% | 4h | 0.01384 | +0.348% | $278K | $84K | 20x | as long as short |
| Bitget BILLUSDT | +0.0100% | 4h | 0.01381 | +0.131% | $640K | $1.1M | 20x | as long as short |
| Backpack BILL_USDC_PERP | +0.0100% | 1h | 0.01380 | +0.058% | $21K | $939 | 5x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01387 | +0.566% | $2K | $1.1M | 20x | as long as short |
| HTX BILL-USDT | +0.0100% | 4h | 0.01376 | −0.232% | $11K | $39K | 20x | as long as short |
| OKX BILL-USDT-SWAP | +0.0193% | 4h | 0.01380 | +0.058% | $1.1M | $2.7M | 20x | as long as short |
| Aster BILLUSDT | +0.0252% | 4h | 0.01385 | +0.449% | $2K | $4K | 5x | as long as short |
| BingX BILL-USDT | +0.0446% | 4h | 0.01383 | +0.276% | — | $1.7M | — | as long as short |
BloFin BILL-USDT
Bybit BILLUSDT
Gate BILL_USDT
Bitget BILLUSDT
Backpack BILL_USDC_PERP
SunX BILL-USDT
HTX BILL-USDT
OKX BILL-USDT-SWAP
Aster BILLUSDT
BingX BILL-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BILLUSDT | +0.0456% | 4h | 0.01382 | +0.203% | $2.5M | $3.8M | 20x | as long as short |
| Extended BILL-USDshort | +0.0456% | 1h | 0.01386 | +0.464% | $1K | $222K | 5x | |
| MEXC BILL_USDT | +0.0464% | 4h | 0.01381 | +0.131% | $1.1M | $338K | 50x | as long as short |
| Coinbase International BILL-PERP-INTXlong | +0.0688% | 1h | 0.01379 | long leg | $46K | $51K | 50x | |
| KuCoin BILLUSDTM | +0.1870% | 4h | 0.01383 | +0.290% | $461K | $307K | 20x | as long as short |
| Deribit BILL_USDC-PERPETUAL | +0.2785% | 1h | 0.01388 | +0.653% | $108K | $14K | 10x | as long as short |
Binance BILLUSDT
MEXC BILL_USDT
KuCoin BILLUSDTM
Deribit BILL_USDC-PERPETUAL