Funding you earn now, next payment 01:00 UTC−0.0532%/8h= −58.3% APRpaid last 24h −0.191%
Price spread now: OKX against Coinbase International+0.381%7-day average −0.367% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.760%−$76 on $10k
+Price spread, last 3 days (all we have)−0.380%−$38 · spread now +0.381%, 7d avg −0.367%
=The price spread pays, funding is against you. OKX is 0.748% dearer against Coinbase International than usual: you sell high and buy low (spread +0.381% now, against its 7-day average of −0.367%): +$75 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 4.7 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 | 50m 01s | $46K | $99K | 50x |
| Short | OKX BILL-USDT-SWAP | 0.01369 | 0.0100 | get 0.0050% / 4h | 2h 50m | $996K | $2.6M | 20x |
Coinbase International BILL-PERP-INTX
OKX BILL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$111.72
- Price spread: +0.381% → −0.367%
- $74.83
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$56.89
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage unknown: Coinbase International: no order-book sample; OKX: 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 OKX live order book, 2 min ago | 3.65 bp | 14.1 bp −$14 | 127.6 bp −$1,276 | 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 | +0.0046% | 4h | 0.01365 | +0.088% | $147K | $19K | 20x | as long as short |
| Aster BILLUSDT | +0.0100% | 4h | 0.01369 | +0.346% | $2K | $4K | 5x | as long as short |
| Bybit BILLUSDT | +0.0100% | 4h | 0.01367 | +0.235% | $1.3M | $960K | 20x | as long as short |
| OKX BILL-USDT-SWAPshort | +0.0100% | 4h | 0.01369 | +0.381% | $996K | $2.6M | 20x | |
| Gate BILL_USDT | +0.0100% | 4h | 0.01368 | +0.308% | $276K | $76K | 20x | as long as short |
| Bitget BILLUSDT | +0.0100% | 4h | 0.01369 | +0.381% | $625K | $925K | 20x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01371 | +0.528% | $2K | $1.1M | 20x | as long as short |
| BingX BILL-USDT | +0.0194% | 4h | 0.01370 | +0.455% | — | $1.7M | — | as long as short |
| MEXC BILL_USDT | +0.0198% | 4h | 0.01371 | +0.528% | $1.0M | $330K | 50x | as long as short |
| Binance BILLUSDT | +0.0207% | 4h | 0.01370 | +0.455% | $2.4M | $3.7M | 20x | as long as short |
BloFin BILL-USDT
Aster BILLUSDT
Bybit BILLUSDT
Gate BILL_USDT
Bitget BILLUSDT
SunX BILL-USDT
BingX BILL-USDT
MEXC 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 | 0.01370 | +0.431% | $2K | $227K | 5x | as long as short |
| Backpack BILL_USDC_PERP | +0.0552% | 1h | 0.01368 | +0.308% | $21K | $941 | 5x | as long as short |
| HTX BILL-USDT | +0.0558% | 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 | +0.0838% | 4h | 0.01369 | +0.403% | $441K | $292K | 20x | as long as short |
| Deribit BILL_USDC-PERPETUAL | +0.2312% | 1h | 0.01370 | +0.433% | $107K | $14K | 10x | as long as short |
Extended BILL-USD
Backpack BILL_USDC_PERP
HTX BILL-USDT
KuCoin BILLUSDTM
Deribit BILL_USDC-PERPETUAL