Funding arb · Price arb /

BILL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: Aster against Gate−0.079%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.079% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BILL_USDT	0.01388	0.0100	pay 0.0050% / 4h	3h 44m	$280K	$82K	20x
Short	Aster BILLUSDT	0.01387	0.0100	get 0.0050% / 4h	3h 44m	$2K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → 0.000%: −$7.93
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$30.93
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 22 min ago; Aster: no order-book sample. Net counts fees only.

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 Gate live order book, 22 min ago	7.21 bp	826.6 bp −$827	80682.2 bp −$806.8K	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Aster BILLUSDTshort	+0.0100%	4h	0.01387	−0.079%	$2K	$4K	5x
Bybit BILLUSDT	+0.0100%	4h	0.01388	0.000%	$1.3M	$936K	20x	as long as short
OKX BILL-USDT-SWAP	+0.0100%	4h	0.01389	+0.072%	$1.0M	$2.5M	20x	as long as short
Gate BILL_USDTlong	+0.0100%	4h	0.01388	long leg	$280K	$82K	20x
Bitget BILLUSDT	+0.0100%	4h	0.01388	0.000%	$632K	$847K	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01391	+0.216%	$2K	$1.1M	20x	as long as short
BloFin BILL-USDT	+0.0109%	4h	0.01389	+0.072%	$145K	$19K	20x	as long as short
Backpack BILL_USDC_PERP	+0.0256%	1h	0.01388	0.000%	$22K	$926	5x	as long as short
Extended BILL-USD	+0.0312%	1h	0.01389	+0.096%	$2K	$233K	5x	as long as short
Binance BILLUSDT	+0.0315%	4h	0.01390	+0.139%	$2.5M	$3.6M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BILL_USDT	+0.0320%	4h	0.01390	+0.144%	$1.0M	$320K	50x	as long as short
BingX BILL-USDT	+0.0322%	4h	0.01390	+0.144%	—	$1.7M	—	as long as short
Coinbase International BILL-PERP-INTX	+0.0632%	1h	0.01386	−0.151%	$47K	$100K	50x	as long as short
HTX BILL-USDT	+0.0740%	4h	0.01391	+0.216%	$17K	$8K	20x	as long as short
KuCoin BILLUSDTM	+0.0988%	4h	0.01390	+0.144%	$444K	$278K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2491%	1h	0.01390	+0.144%	$108K	$14K	10x	as long as short