BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Gate−0.074%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$965as in the Funding arb table

Net, price: spread back to 7d avg − costs−$968as in the Price arb table

costs, in and out, $10k−$9619.615% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.074%, 7d avg −0.009%

Together, before fees−0.079%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.066% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BILL_USDT	0.01348	0.0100	pay 0.0050% / 4h	1h 52m	$272K	$82K	20x
Short	Bybit BILLUSDT	0.01347	0.0102	get 0.0051% / 4h	1h 52m	$1.3M	$910K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.074%Rate

Funding earned: $0.41
Price spread: −0.074% → −0.009%: −$6.56
Slippage, 4 orders: −$935.47
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$967.62
Costs to cover: 9.615%
Break-even: 16463.1 days

Slippage from Gate: live order book, 25 min ago; Bybit: live order book, 4 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, 25 min ago	11.11 bp	423.4 bp −$423	69921.5 bp −$699.2K	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	7.41 bp	70.0 bp −$70	787.0 bp −$7,870	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	+0.0065%	4h	0.01350	+0.148%	$140K	$31K	20x	as long as short
Aster BILLUSDT	+0.0100%	4h	0.01349	+0.048%	$2K	$4K	5x	as long as short
OKX BILL-USDT-SWAP	+0.0100%	4h	0.01348	0.000%	$1.0M	$2.3M	20x	as long as short
Gate BILL_USDTlong	+0.0100%	4h	0.01348	long leg	$272K	$82K	20x
Bitget BILLUSDT	+0.0100%	4h	0.01350	+0.148%	$607K	$730K	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01351	+0.223%	$2K	$1.0M	20x	as long as short
Bybit BILLUSDTshort	+0.0102%	4h	0.01347	−0.074%	$1.3M	$910K	20x
BingX BILL-USDT	+0.0174%	4h	0.01349	+0.074%	—	$1.7M	—	as long as short
KuCoin BILLUSDTM	+0.0198%	4h	0.01348	+0.030%	$432K	$263K	20x	as long as short
Extended BILL-USD	+0.0216%	1h	0.01350	+0.151%	$1K	$213K	5x	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	+0.0216%	4h	0.01350	+0.148%	$869K	$301K	50x	as long as short
Binance BILLUSDT	+0.0217%	4h	0.01350	+0.167%	$2.3M	$3.5M	20x	as long as short
Coinbase International BILL-PERP-INTX	+0.0728%	1h	0.01346	−0.141%	$46K	$96K	50x	as long as short
Backpack BILL_USDC_PERP	+0.0737%	1h	0.01348	0.000%	$21K	$955	5x	as long as short
HTX BILL-USDT	+0.1036%	4h	0.01354	+0.445%	$19K	$29K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2199%	1h	0.01351	+0.193%	$105K	$17K	10x	as long as short