Funding you earn now, next payment 01:00 UTC−0.0206%/8h= −22.5% APRpaid last 24h −0.028%
Price spread now: BloFin against Extended+0.238%94s7-day average −0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$216as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2062.064% of the position
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 3 days (all we have)−0.417%−$42 · spread now +0.238%, 7d avg −0.052%
=Together, before fees−0.511%+ Points / potential airdropExtended: Active · farm board−$51 on $10k · with fees, hour by hour
The price spread pays, funding is against you. BloFin is 0.290% dearer against Extended than usual: you sell high and buy low (spread +0.238% now, against its 7-day average of −0.052%): +$29 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.7 days. At the pace of the last 7 days (−0.094% in total) that is about 22 days. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.094% in total (about -4.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BILL-USD | 0.01383 | 0.0320 | pay 0.0040% / 1h | 39m 30s | $5K | $261K | 5x |
| Short | BloFin BILL-USDT | 0.01386 | 0.0114 | get 0.0057% / 4h | 3h 39m | $144K | $19K | 20x |
Extended BILL-USD
BloFin BILL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Extended. 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
- −$43.16
- Price spread: +0.238% → −0.052%
- $28.99
- Slippage, 4 orders
- −$189.37
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$220.55
- Costs to cover
- 2.064%
- Break-even
- never at this rate
Slippage from Extended: live order book, 32 min ago; BloFin: live order book, 17 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 Extended live order book, 32 min ago | 4.71 bp | 59.4 bp −$59 | 482.3 bp −$4,823 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 17 min ago | 10.79 bp | 47.5 bp −$47 | 317.4 bp −$3,174 | doesn't fit | doesn't fit |
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 | 0.01384 | +0.096% | $2K | $4K | 5x | as long as short |
| Bybit BILLUSDT | +0.0100% | 4h | 0.01382 | −0.051% | $1.3M | $938K | 20x | as long as short |
| OKX BILL-USDT-SWAP | +0.0100% | 4h | 0.01381 | −0.124% | $1.0M | $2.5M | 20x | as long as short |
| Gate BILL_USDT | +0.0100% | 4h | 0.01385 | +0.166% | $280K | $82K | 20x | as long as short |
| Bitget BILLUSDT | +0.0100% | 4h | 0.01382 | −0.051% | $629K | $846K | 20x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01388 | +0.383% | $2K | $1.1M | 20x | as long as short |
| BloFin BILL-USDTshort | +0.0114% | 4h | 0.01386 | +0.238% | $144K | $19K | 20x | |
| Backpack BILL_USDC_PERP | +0.0153% | 1h | 0.01384 | +0.093% | $21K | $926 | 5x | as long as short |
| Binance BILLUSDT | +0.0312% | 4h | 0.01383 | +0.032% | $2.5M | $3.6M | 20x | as long as short |
| MEXC BILL_USDT | +0.0316% | 4h | 0.01383 | +0.021% | $987K | $322K | 50x | as long as short |
Aster BILLUSDT
Bybit BILLUSDT
OKX BILL-USDT-SWAP
Gate BILL_USDT
Bitget BILLUSDT
SunX BILL-USDT
Backpack BILL_USDC_PERP
Binance BILLUSDT
MEXC BILL_USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BILL-USDT | +0.0318% | 4h | 0.01384 | +0.093% | — | $1.7M | — | as long as short |
| Extended BILL-USDlong | +0.0320% | 1h | 0.01383 | long leg | $5K | $261K | 5x | |
| Coinbase International BILL-PERP-INTX | +0.0632% | 1h | 0.01386 | +0.231% | $47K | $100K | 50x | as long as short |
| HTX BILL-USDT | +0.0847% | 4h | 0.01390 | +0.527% | $17K | $8K | 20x | as long as short |
| KuCoin BILLUSDTM | +0.0956% | 4h | 0.01384 | +0.108% | $445K | $281K | 20x | as long as short |
| Deribit BILL_USDC-PERPETUAL | +0.2209% | 1h | 0.01386 | +0.260% | $108K | $14K | 10x | as long as short |
BingX BILL-USDT
Coinbase International BILL-PERP-INTX
HTX BILL-USDT
KuCoin BILLUSDTM
Deribit BILL_USDC-PERPETUAL