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

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

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

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

Long on Extended Short on Deribit

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

Funding pays, the price is against you. Deribit is 0.065% cheaper against Extended than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.052%). If the spread goes back, that is −$7 on $10k: about 3 hours of funding at the current rate (+$50 a day).

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

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.013%Rate

Funding earned: $346.86
Price spread: −0.013% → +0.052%: −$6.52
Slippage, 4 orders: −$139.15
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $189.19
Costs to cover: 1.511%
Break-even: 3.2 days

Slippage from Extended: live order book, 60 min ago; Deribit: live order book, 62 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, 60 min ago	5.42 bp	48.9 bp −$49	460.0 bp −$4,600	doesn't fit	doesn't fit
Sell Deribit live order book, 62 min ago	12.99 bp	16.5 bp −$16	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	−0.049%	$1.3M	$959K	20x	as long as short
OKX BILL-USDT-SWAP	+0.0100%	4h	0.01384	+0.023%	$1.0M	$2.7M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01383	−0.049%	$280K	$84K	20x	as long as short
Bitget BILLUSDT	+0.0100%	4h	0.01383	−0.049%	$637K	$1.0M	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01383	−0.049%	$2K	$1.1M	20x	as long as short
Aster BILLUSDT	+0.0149%	4h	0.01382	−0.121%	$2K	$4K	5x	as long as short
Backpack BILL_USDC_PERP	+0.0314%	1h	0.01382	−0.121%	$21K	$939	5x	as long as short
BingX BILL-USDT	+0.0340%	4h	0.01386	+0.168%	—	$1.7M	—	as long as short
Extended BILL-USDlong	+0.0344%	1h	0.01384	long leg	$1K	$225K	5x
MEXC BILL_USDT	+0.0346%	4h	0.01384	+0.023%	$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	+0.088%	$2.5M	$3.8M	20x	as long as short
HTX BILL-USDT	+0.0510%	4h	0.01378	−0.410%	$13K	$22K	20x	as long as short
Coinbase International BILL-PERP-INTX	+0.0632%	1h	0.01375	−0.627%	$46K	$51K	50x	as long as short
KuCoin BILLUSDTM	+0.1486%	4h	0.01384	+0.045%	$454K	$298K	20x	as long as short
Deribit BILL_USDC-PERPETUALshort	+0.1996%	1h	0.01384	−0.013%	$108K	$14K	10x