Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.037%
Price spread now: Gate against Extended−0.005%7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,164as in the Price arb table
costs, in and out, $10k−$1,17411.740% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 4 days (all we have)+0.041%+$4 · spread now −0.005%, 7d avg −0.101%
=Together, before fees−0.026%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.095% dearer against Extended than usual: you sell high and buy low (spread −0.005% now, against its 7-day average of −0.101%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 7 days (−0.067% in total) that is about 9.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BILL-USD | 0.01367 | 0.0200 | pay 0.0025% / 1h | 55m 49s | $2K | $224K | 5x |
| Short | Gate BILL_USDT | 0.01367 | 0.0100 | get 0.0050% / 4h | 2h 55m | $276K | $75K | 20x |
Extended BILL-USD
Gate BILL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$21
- Price spread: −0.005% → −0.101%
- $9.54
- Slippage, 4 orders
- −$1,154.01
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1,185.48
- Costs to cover
- 11.740%
- Break-even
- never at this rate
Slippage from Extended: live order book, 11 min ago; Gate: live order book, 6 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, 11 min ago | 5.42 bp | 48.9 bp −$49 | 460.0 bp −$4,600 | doesn't fit | doesn't fit |
| Sell Gate live order book, 6 min ago | 10.89 bp | 520.8 bp −$521 | doesn't fit | 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 | +0.0089% | 4h | 0.01376 | +0.653% | $147K | $19K | 20x | as long as short |
| Aster BILLUSDT | +0.0100% | 4h | 0.01368 | +0.067% | $2K | $4K | 5x | as long as short |
| Bybit BILLUSDT | +0.0100% | 4h | 0.01366 | −0.078% | $1.3M | $951K | 20x | as long as short |
| OKX BILL-USDT-SWAP | +0.0100% | 4h | 0.01367 | −0.005% | $1.0M | $2.5M | 20x | as long as short |
| Gate BILL_USDTshort | +0.0100% | 4h | 0.01367 | −0.005% | $276K | $75K | 20x | |
| Bitget BILLUSDT | +0.0100% | 4h | 0.01367 | −0.005% | $622K | $905K | 20x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01370 | +0.214% | $1K | $1.1M | 20x | as long as short |
| Extended BILL-USDlong | +0.0200% | 1h | 0.01367 | long leg | $2K | $224K | 5x | |
| MEXC BILL_USDT | +0.0202% | 4h | 0.01368 | +0.068% | $1.0M | $328K | 50x | as long as short |
| Binance BILLUSDT | +0.0203% | 4h | 0.01368 | +0.068% | $2.4M | $3.7M | 20x | as long as short |
BloFin BILL-USDT
Aster BILLUSDT
Bybit BILLUSDT
OKX BILL-USDT-SWAP
Bitget BILLUSDT
SunX BILL-USDT
MEXC BILL_USDT
Binance BILLUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BILL-USDT | +0.0240% | 4h | 0.01369 | +0.141% | — | $1.7M | — | as long as short |
| Backpack BILL_USDC_PERP | +0.0497% | 1h | 0.01365 | −0.152% | $21K | $926 | 5x | as long as short |
| HTX BILL-USDT | +0.0514% | 4h | 0.01379 | +0.873% | $17K | $8K | 20x | as long as short |
| Coinbase International BILL-PERP-INTX | +0.0632% | 1h | 0.01374 | +0.470% | $47K | $99K | 50x | as long as short |
| KuCoin BILLUSDTM | +0.0810% | 4h | 0.01369 | +0.134% | $440K | $287K | 20x | as long as short |
| Deribit BILL_USDC-PERPETUAL | +0.2093% | 1h | 0.01369 | +0.141% | $107K | $14K | 10x | as long as short |
BingX BILL-USDT
Backpack BILL_USDC_PERP
HTX BILL-USDT
Coinbase International BILL-PERP-INTX
KuCoin BILLUSDTM
Deribit BILL_USDC-PERPETUAL