Funding arb · Price arb /

BILL

all BILL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.111%

Price spread now: KuCoin against Extended+0.075%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,401as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,434as in the Price arb table

costs, in and out, $10k−$1,44214.415% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.401%+$40 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.075%, 7d avg −0.005%

Together, before fees+0.405%+ Points / potential airdropExtended: Active · farm board+$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.080% dearer against Extended than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BILL-USD	0.01348	0.0104	pay 0.0013% / 1h	30m 28s	$3K	$261K	5x
Short	KuCoin BILLUSDTM	0.01349	0.0200	get 0.0100% / 4h	1h 30m	$451K	$537K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.075%Rate

Funding earned: $20.16
Price spread: +0.075% → −0.005%: $8
Slippage, 4 orders: −$1,424.52
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,413.36
Costs to cover: 14.415%
Break-even: 497.7 days

Slippage from Extended: live order book, 14 min ago; KuCoin: live order book, 5 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, 14 min ago	5.14 bp	51.2 bp −$51	472.2 bp −$4,722	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	8.86 bp	598.8 bp −$599	doesn't fit	doesn't fit	doesn't fit

BILL on 16 exchanges

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	+0.0092%	4h	0.01346	−0.163%	$148K	$15K	20x	as long as short
Aster BILLUSDT	+0.0100%	4h	0.01349	+0.060%	$3K	$6K	5x	as long as short
Binance BILLUSDT	+0.0100%	4h	0.01348	+0.021%	$2.5M	$4.2M	20x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01347	−0.088%	$1.3M	$986K	20x	as long as short
OKX BILL-USDT-SWAP	+0.0100%	4h	0.01348	−0.014%	$1.1M	$2.9M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01348	−0.014%	$292K	$137K	20x	as long as short
MEXC BILL_USDT	+0.0100%	4h	0.01349	+0.060%	$1.0M	$345K	50x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01351	+0.208%	$1K	$1.3M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01352	+0.282%	$10K	$38K	20x	as long as short
Extended BILL-USDlong	+0.0104%	1h	0.01348	long leg	$3K	$261K	5x

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BILLUSDT	+0.0188%	4h	0.01348	−0.014%	$669K	$1.5M	20x	as long as short
KuCoin BILLUSDTMshort	+0.0200%	4h	0.01349	+0.075%	$451K	$537K	20x
BingX BILL-USDT	+0.0202%	4h	0.01348	−0.014%	—	$1.7M	—	as long as short
Coinbase International BILL-PERP-INTX	+0.0744%	1h	0.01348	+0.001%	$32K	$72K	50x	as long as short
Backpack BILL_USDC_PERP	+0.1186%	1h	0.01348	−0.014%	$21K	$591	5x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2052%	1h	0.01350	+0.119%	$137K	$66K	10x	as long as short