BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1652%/8h= −180.9% APRnext payment −$2.06 per $10,000 · paid last 24h −0.593%

Price spread now: Extended against Deribit+0.013%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1511.511% of the position

Long on Deribit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−1.835%−$183 on $10k

Price spread, last 3 days (all we have)−0.103%−$10 · spread now +0.013%, 7d avg −0.052%

Together, before fees−1.938%+ Points / potential airdropExtended: Active · farm board−$194 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.065% dearer against Deribit than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.052%): +$7 on $10k if it goes back. Holding the pair costs −$50 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit BILL_USDC-PERPETUAL	0.01384	0.1996	pay 0.0249% / 1h	6m 25s	$108K	$14K	10x
Short	Extended BILL-USD	0.01384	0.0344	get 0.0043% / 1h	6m 25s	$1K	$225K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Deribit. 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 DeribitbpFee ExtendedbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$346.86
Price spread: +0.013% → −0.052%: $6.52
Slippage, 4 orders: −$139.15
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$491.49
Costs to cover: 1.511%
Break-even: never at this rate

Slippage from Deribit: live order book, 62 min ago; Extended: live order book, 60 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 Deribit live order book, 62 min ago	12.99 bp	16.5 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 60 min ago	5.42 bp	69.2 bp −$69	doesn't fit	doesn't fit	doesn't fit

BILL on 15 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
Bybit BILLUSDT	+0.0100%	4h	0.01383	−0.036%	$1.3M	$959K	20x	as long as short
OKX BILL-USDT-SWAP	+0.0100%	4h	0.01384	+0.036%	$1.0M	$2.7M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01383	−0.036%	$280K	$84K	20x	as long as short
Bitget BILLUSDT	+0.0100%	4h	0.01383	−0.036%	$637K	$1.0M	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01383	−0.036%	$2K	$1.1M	20x	as long as short
Aster BILLUSDT	+0.0149%	4h	0.01382	−0.108%	$2K	$4K	5x	as long as short
Backpack BILL_USDC_PERP	+0.0314%	1h	0.01382	−0.108%	$21K	$939	5x	as long as short
BingX BILL-USDT	+0.0340%	4h	0.01386	+0.181%	—	$1.7M	—	as long as short
Extended BILL-USDshort	+0.0344%	1h	0.01384	+0.013%	$1K	$225K	5x
MEXC BILL_USDT	+0.0346%	4h	0.01384	+0.036%	$1.0M	$336K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BILLUSDT	+0.0365%	4h	0.01385	+0.101%	$2.5M	$3.8M	20x	as long as short
HTX BILL-USDT	+0.0510%	4h	0.01378	−0.398%	$13K	$22K	20x	as long as short
Coinbase International BILL-PERP-INTX	+0.0632%	1h	0.01375	−0.614%	$46K	$51K	50x	as long as short
KuCoin BILLUSDTM	+0.1486%	4h	0.01384	+0.058%	$454K	$298K	20x	as long as short
Deribit BILL_USDC-PERPETUALlong	+0.1996%	1h	0.01384	long leg	$108K	$14K	10x