BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h +0.009%

Price spread now: Binance against Extended+0.022%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$165as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1651.652% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.022%, 7d avg +0.031%

Together, before fees+0.046%+ Points / potential airdropExtended: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.031%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BILL-USD	0.01381	0.0336	pay 0.0042% / 1h	7m 40s	$1K	$225K	5x
Short	Binance BILLUSDT	0.01381	0.0347	get 0.0174% / 4h	2h 07m	$2.5M	$3.8M	20x

Funding history

latest

Range statsloading…

Binance against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee ExtendedbpFee BinancebpOrdersPrice spread, now +0.022%Rate

Slippage from Extended: live order book, 59 min ago; Binance: live order book, 14 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 59 min ago	5.42 bp	48.9 bp −$49	460.0 bp −$4,600	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	7.26 bp	21.4 bp −$21	140.4 bp −$1,404	doesn't fit	doesn't fit

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	0.01379	−0.123%	$1.3M	$959K	20x	as long as short
OKX BILL-USDT-SWAP	+0.0100%	4h	0.01381	+0.022%	$1.0M	$2.7M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01379	−0.123%	$280K	$83K	20x	as long as short
Bitget BILLUSDT	+0.0100%	4h	0.01379	−0.123%	$636K	$1.0M	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01381	+0.022%	$1K	$1.1M	20x	as long as short
Aster BILLUSDT	+0.0132%	4h	0.01380	−0.038%	$2K	$4K	5x	as long as short
Backpack BILL_USDC_PERP	+0.0302%	1h	0.01378	−0.195%	$21K	$939	5x	as long as short
BingX BILL-USDT	+0.0316%	4h	0.01381	+0.022%	—	$1.7M	—	as long as short
Extended BILL-USDlong	+0.0336%	1h	0.01381	long leg	$1K	$225K	5x
MEXC BILL_USDT	+0.0338%	4h	0.01382	+0.094%	$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 BILLUSDTshort	+0.0347%	4h	0.01381	+0.022%	$2.5M	$3.8M	20x
HTX BILL-USDT	+0.0540%	4h	0.01378	−0.195%	$13K	$18K	20x	as long as short
Coinbase International BILL-PERP-INTX	+0.0632%	1h	0.01375	−0.413%	$46K	$51K	50x	as long as short
KuCoin BILLUSDTM	+0.1460%	4h	0.01381	+0.029%	$450K	$298K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2218%	1h	0.01381	+0.015%	$108K	$14K	10x	as long as short