BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.28 per $10,000 · paid last 24h −0.006%

Price spread now: BloFin against Gate−0.217%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$563as in the Funding arb table

Net, price: spread back to 7d avg − costs−$586as in the Price arb table

costs, in and out, $10k−$5595.594% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)+0.193%+$19 · spread now −0.217%, 7d avg +0.046%

Together, before fees+0.153%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.263% cheaper against Gate than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BILL_USDT	0.01384	0.0100	pay 0.0050% / 4h	3h 32m	$280K	$88K	20x
Short	BloFin BILL-USDT	0.01381	0.0044	get 0.0022% / 4h	3h 32m	$147K	$19K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.217%Rate

Funding earned: −$11.77
Price spread: −0.217% → +0.046%: −$26.26
Slippage, 4 orders: −$532.43
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$597.47
Costs to cover: 5.594%
Break-even: never at this rate

Slippage from Gate: live order book, 14 min ago; BloFin: live order book, 57 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, 14 min ago	7.20 bp	184.4 bp −$184	71065.9 bp −$710.7K	doesn't fit	doesn't fit
Sell BloFin live order book, 57 min ago	7.24 bp	44.4 bp −$44	261.3 bp −$2,613	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-USDTshort	+0.0044%	4h	0.01381	−0.217%	$147K	$19K	20x
Bybit BILLUSDT	+0.0100%	4h	0.01383	−0.072%	$1.3M	$1.0M	20x	as long as short
Gate BILL_USDTlong	+0.0100%	4h	0.01384	long leg	$280K	$88K	20x
SunX BILL-USDT	+0.0100%	4h	0.01387	+0.217%	$2K	$1.2M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01382	−0.145%	$11K	$39K	20x	as long as short
Aster BILLUSDT	+0.0150%	4h	0.01382	−0.113%	$1K	$4K	5x	as long as short
Bitget BILLUSDT	+0.0252%	4h	0.01384	0.000%	$656K	$1.2M	20x	as long as short
MEXC BILL_USDT	+0.0310%	4h	0.01385	+0.072%	$1.0M	$360K	50x	as long as short
Binance BILLUSDT	+0.0310%	4h	0.01386	+0.112%	$2.5M	$3.9M	20x	as long as short
Extended BILL-USD	+0.0312%	1h	0.01385	+0.066%	$3K	$227K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack BILL_USDC_PERP	+0.0323%	1h	0.01382	−0.145%	$21K	$947	5x	as long as short
BingX BILL-USDT	+0.0416%	4h	0.01385	+0.072%	—	$1.7M	—	as long as short
OKX BILL-USDT-SWAP	+0.0505%	4h	0.01386	+0.145%	$1.1M	$2.8M	20x	as long as short
Coinbase International BILL-PERP-INTX	+0.0760%	1h	0.01381	−0.238%	$66K	$72K	50x	as long as short
KuCoin BILLUSDTM	+0.1162%	4h	0.01384	−0.007%	$459K	$330K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2139%	1h	0.01384	+0.029%	$108K	$13K	10x	as long as short