Funding you earn now, next payment 02:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.020%
Price spread now: OKX against Extended−0.193%7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$188as in the Price arb table
costs, in and out, $10k−$1651.649% of the position
Funding, last 7 days+0.267%+$27 on $10k
+Price spread, last 4 days (all we have)+0.438%+$44 · spread now −0.193%, 7d avg +0.037%
=Together, before fees+0.705%+ Points / potential airdropExtended: Active · farm board+$70 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.231% cheaper against Extended than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.037%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.267%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BILL-USD | 0.01370 | 0.0208 | pay 0.0026% / 1h | 49m 39s | $2K | $227K | 5x |
| Short | OKX BILL-USDT-SWAP | 0.01367 | 0.0100 | get 0.0050% / 4h | 2h 49m | $996K | $2.6M | 20x |
Extended BILL-USD
OKX BILL-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$22.68
- Price spread: −0.193% → +0.037%
- −$23.07
- Slippage, 4 orders
- −$149.91
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$210.66
- Costs to cover
- 1.649%
- Break-even
- never at this rate
Slippage from Extended: live order book, 17 min ago; OKX: live order book, 2 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, 17 min ago | 5.42 bp | 48.9 bp −$49 | 460.0 bp −$4,600 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 3.65 bp | 14.1 bp −$14 | 127.6 bp −$1,276 | 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 | +0.0046% | 4h | 0.01365 | −0.339% | $147K | $19K | 20x | as long as short |
| Aster BILLUSDT | +0.0100% | 4h | 0.01370 | +0.005% | $2K | $4K | 5x | as long as short |
| Bybit BILLUSDT | +0.0100% | 4h | 0.01366 | −0.266% | $1.3M | $961K | 20x | as long as short |
| OKX BILL-USDT-SWAPshort | +0.0100% | 4h | 0.01367 | −0.193% | $996K | $2.6M | 20x | |
| Gate BILL_USDT | +0.0100% | 4h | 0.01368 | −0.120% | $276K | $76K | 20x | as long as short |
| Bitget BILLUSDT | +0.0100% | 4h | 0.01369 | −0.047% | $625K | $925K | 20x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01371 | +0.099% | $2K | $1.1M | 20x | as long as short |
| BingX BILL-USDT | +0.0194% | 4h | 0.01370 | +0.026% | — | $1.7M | — | as long as short |
| MEXC BILL_USDT | +0.0206% | 4h | 0.01369 | −0.047% | $1.0M | $330K | 50x | as long as short |
| Binance BILLUSDT | +0.0207% | 4h | 0.01368 | −0.120% | $2.4M | $3.7M | 20x | as long as short |
BloFin BILL-USDT
Aster BILLUSDT
Bybit BILLUSDT
Gate BILL_USDT
Bitget BILLUSDT
SunX BILL-USDT
BingX BILL-USDT
MEXC BILL_USDT
Binance BILLUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BILL-USDlong | +0.0208% | 1h | 0.01370 | long leg | $2K | $227K | 5x | |
| Backpack BILL_USDC_PERP | +0.0552% | 1h | 0.01368 | −0.120% | $21K | $941 | 5x | as long as short |
| HTX BILL-USDT | +0.0558% | 4h | 0.01371 | +0.099% | $17K | $8K | 20x | as long as short |
| Coinbase International BILL-PERP-INTX | +0.0632% | 1h | 0.01364 | −0.427% | $46K | $99K | 50x | as long as short |
| KuCoin BILLUSDTM | +0.0852% | 4h | 0.01370 | −0.003% | $445K | $292K | 20x | as long as short |
| Deribit BILL_USDC-PERPETUAL | +0.2312% | 1h | 0.01370 | +0.004% | $107K | $14K | 10x | as long as short |
Backpack BILL_USDC_PERP
HTX BILL-USDT
Coinbase International BILL-PERP-INTX
KuCoin BILLUSDTM
Deribit BILL_USDC-PERPETUAL