BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0348%/8h= +38.1% APRnext payment +$1.74 per $10,000 · paid last 24h +0.050%

Price spread now: BingX against Gate+0.144%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,896as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,926as in the Price arb table

costs, in and out, $10k−$1,93119.309% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.350%+$35 on $10k

Price spread, last 4 days (all we have)−0.075%−$8 · spread now +0.144%, 7d avg +0.099%

Together, before fees+0.274%+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and BingX is 0.046% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BILL_USDT	0.01385	0.0100	pay 0.0050% / 4h	1h 19m	$279K	$84K	20x
Short	BingX BILL-USDT	0.01387	0.0448	get 0.0224% / 4h	1h 19m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.144%Rate

Funding earned: $73.08
Price spread: +0.144% → +0.099%: $4.56
Slippage, 4 orders: −$1,905.91
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$1,853.27
Costs to cover: 19.309%
Break-even: 184.5 days

Slippage from Gate: live order book, 37 min ago; BingX: live order book, 3 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 Gate live order book, 37 min ago	10.85 bp	1597.4 bp −$1,597	90258.0 bp −$902.6K	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	10.83 bp	32.6 bp −$33	103.1 bp −$1,031	1019.2 bp −$101.9K	1373.1 bp −$686.6K

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	+0.0060%	4h	0.01385	0.000%	$146K	$19K	20x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01386	+0.072%	$1.3M	$959K	20x	as long as short
Gate BILL_USDTlong	+0.0100%	4h	0.01385	long leg	$279K	$84K	20x
Bitget BILLUSDT	+0.0100%	4h	0.01387	+0.144%	$639K	$1.1M	20x	as long as short
Backpack BILL_USDC_PERP	+0.0100%	1h	0.01383	−0.144%	$21K	$939	5x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01387	+0.144%	$1K	$1.1M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01387	+0.144%	$11K	$38K	20x	as long as short
OKX BILL-USDT-SWAP	+0.0204%	4h	0.01389	+0.289%	$1.1M	$2.7M	20x	as long as short
Aster BILLUSDT	+0.0263%	4h	0.01385	+0.014%	$2K	$4K	5x	as long as short
BingX BILL-USDTshort	+0.0448%	4h	0.01387	+0.144%	—	$1.7M	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BILL-USD	+0.0464%	1h	0.01387	+0.114%	$3K	$219K	5x	as long as short
Binance BILLUSDT	+0.0466%	4h	0.01387	+0.144%	$2.5M	$3.8M	20x	as long as short
MEXC BILL_USDT	+0.0466%	4h	0.01386	+0.072%	$1.1M	$338K	50x	as long as short
Coinbase International BILL-PERP-INTX	+0.0688%	1h	0.01379	−0.419%	$46K	$51K	50x	as long as short
KuCoin BILLUSDTM	+0.1906%	4h	0.01387	+0.152%	$462K	$307K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2280%	1h	0.01387	+0.123%	$108K	$14K	10x	as long as short