Funding you earn now, next payment 01:00 UTC−0.0426%/8h= −46.6% APRpaid last 24h −0.162%
Price spread now: MEXC against Coinbase International+0.235%7-day average −0.396% · 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 3 days (all we have)−0.447%−$45 · spread now +0.235%, 7d avg −0.396%
=The price spread pays, funding is against you. MEXC is 0.630% dearer against Coinbase International than usual: you sell high and buy low (spread +0.235% now, against its 7-day average of −0.396%): +$63 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 4.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International BILL-PERP-INTX | 0.01364 | 0.0632 | pay 0.0079% / 1h | 49m 03s | $46K | $99K | 50x |
| Short | MEXC BILL_USDT | 0.01367 | 0.0206 | get 0.0103% / 4h | 2h 49m | $1.0M | $330K | 50x |
Coinbase International BILL-PERP-INTX
MEXC BILL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$89.46
- Price spread: +0.235% → −0.396%
- $63.03
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$36.43
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Coinbase International: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago | 3.65 bp | 9.4 bp −$9 | 64.2 bp −$642 | 384.7 bp −$38.5K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BILLUSDT | +0.0100% | 4h | 0.01370 | +0.451% | $2K | $4K | 5x | as long as short |
| Bybit BILLUSDT | +0.0100% | 4h | 0.01367 | +0.235% | $1.3M | $962K | 20x | as long as short |
| OKX BILL-USDT-SWAP | +0.0100% | 4h | 0.01368 | +0.308% | $995K | $2.6M | 20x | as long as short |
| Gate BILL_USDT | +0.0100% | 4h | 0.01368 | +0.308% | $276K | $76K | 20x | as long as short |
| Bitget BILLUSDT | +0.0100% | 4h | 0.01368 | +0.308% | $624K | $925K | 20x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01370 | +0.455% | $1K | $1.1M | 20x | as long as short |
| BloFin BILL-USDT | +0.0145% | 4h | 0.01369 | +0.381% | $146K | $19K | 20x | as long as short |
| BingX BILL-USDT | +0.0194% | 4h | 0.01369 | +0.381% | — | $1.7M | — | as long as short |
| MEXC BILL_USDTshort | +0.0206% | 4h | 0.01367 | +0.235% | $1.0M | $330K | 50x | |
| Binance BILLUSDT | +0.0207% | 4h | 0.01368 | +0.293% | $2.4M | $3.7M | 20x | as long as short |
Aster BILLUSDT
Bybit BILLUSDT
OKX BILL-USDT-SWAP
Gate BILL_USDT
Bitget BILLUSDT
SunX BILL-USDT
BloFin BILL-USDT
BingX BILL-USDT
Binance BILLUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BILL-USD | +0.0208% | 1h | 0.01367 | +0.210% | $2K | $227K | 5x | as long as short |
| Backpack BILL_USDC_PERP | +0.0552% | 1h | 0.01366 | +0.161% | $21K | $941 | 5x | as long as short |
| HTX BILL-USDT | +0.0557% | 4h | 0.01371 | +0.528% | $17K | $8K | 20x | as long as short |
| Coinbase International BILL-PERP-INTXlong | +0.0632% | 1h | 0.01364 | long leg | $46K | $99K | 50x | |
| KuCoin BILLUSDTM | +0.0852% | 4h | 0.01368 | +0.315% | $445K | $292K | 20x | as long as short |
| Deribit BILL_USDC-PERPETUAL | +0.2242% | 1h | 0.01368 | +0.293% | $107K | $14K | 10x | as long as short |
Extended BILL-USD
Backpack BILL_USDC_PERP
HTX BILL-USDT
KuCoin BILLUSDTM
Deribit BILL_USDC-PERPETUAL