BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0520%/8h= +56.9% APRnext payment +$0.65 per $10,000 · paid last 24h +0.141%

Price spread now: Coinbase International against Extended−0.092%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1711.715% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+1.036%+$104 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding pays, the price is against you. Coinbase International is 0.092% cheaper against Extended than usual: you would sell low and buy high (spread −0.092% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 14 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BILL-USD	0.01363	0.0296	pay 0.0037% / 1h	39m 33s	$1K	$269K	5x
Short	Coinbase International BILL-PERP-INTX	0.01362	0.0816	get 0.0102% / 1h	39m 33s	$37K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now −0.092%Rate

Funding earned: $109.2
Price spread: −0.092% → 0.000%: −$9.19
Slippage, 4 orders: −$156.47
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$71.46
Costs to cover: 1.715%
Break-even: 11.6 days

Slippage from Extended: live order book, 58 min ago; Coinbase International: live order book, 84 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, 58 min ago	5.49 bp	59.8 bp −$60	491.6 bp −$4,916	doesn't fit	doesn't fit
Sell Coinbase International live order book, 84 min ago	9.17 bp	14.2 bp −$14	23.2 bp −$232	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
BloFin BILL-USDT	+0.0052%	4h	0.01364	+0.040%	$146K	$17K	20x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01361	−0.180%	$1.3M	$1.1M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01361	−0.180%	$296K	$132K	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01365	+0.113%	$1K	$1.3M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01363	−0.033%	$11K	$40K	20x	as long as short
Aster BILLUSDT	+0.0150%	4h	0.01364	+0.059%	$3K	$6K	5x	as long as short
Binance BILLUSDT	+0.0295%	4h	0.01364	+0.030%	$2.5M	$4.3M	20x	as long as short
Extended BILL-USDlong	+0.0296%	1h	0.01363	long leg	$1K	$269K	5x
MEXC BILL_USDT	+0.0296%	4h	0.01363	−0.033%	$1.1M	$347K	50x	as long as short
Bitget BILLUSDT	+0.0418%	4h	0.01363	−0.033%	$673K	$1.4M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BILL-USDT	+0.0504%	4h	0.01364	+0.040%	—	$1.7M	—	as long as short
OKX BILL-USDT-SWAP	+0.0525%	4h	0.01363	−0.033%	$1.1M	$3.0M	20x	as long as short
Coinbase International BILL-PERP-INTXshort	+0.0816%	1h	0.01362	−0.092%	$37K	$71K	50x
KuCoin BILLUSDTM	+0.0972%	4h	0.01362	−0.107%	$447K	$377K	20x	as long as short
Backpack BILL_USDC_PERP	+0.1600%	1h	0.01362	−0.107%	$21K	$875	5x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2397%	1h	0.01364	+0.025%	$148K	$53K	10x	as long as short