Funding you earn now, next payment 03:00 UTC+0.0364%/8h= +39.9% APRpaid last 24h +0.039%
Price spread now: Extended against Gate−0.031%7-day average +0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,970as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,990as in the Price arb table
costs, in and out, $10k−$1,97719.769% of the position
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 4 days (all we have)−0.240%−$24 · spread now −0.031%, 7d avg +0.100%
=Together, before fees−0.167%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.131% cheaper against Gate than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of +0.100%). If the spread goes back, that is −$13 on $10k: about 29 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.072% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.072% in total (about 3.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BILL_USDT | 0.01386 | 0.0100 | pay 0.0050% / 4h | 1h 18m | $279K | $84K | 20x |
| Short | Extended BILL-USD | 0.01386 | 0.0464 | get 0.0058% / 1h | 18m 17s | $1K | $222K | 5x |
Gate BILL_USDT
Extended BILL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Gate. 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
- $76.44
- Price spread: −0.031% → +0.100%
- −$13.08
- Slippage, 4 orders
- −$1,956.95
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$1,913.59
- Costs to cover
- 19.769%
- Break-even
- 182.2 days
Slippage from Gate: live order book, 39 min ago; Extended: live order book, 44 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, 39 min ago | 10.85 bp | 1597.4 bp −$1,597 | 90258.0 bp −$902.6K | doesn't fit | doesn't fit |
| Sell Extended live order book, 44 min ago | 5.41 bp | 71.3 bp −$71 | doesn't fit | 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 | +0.0048% | 4h | 0.01384 | −0.144% | $146K | $19K | 20x | as long as short |
| Bybit BILLUSDT | +0.0100% | 4h | 0.01384 | −0.144% | $1.3M | $959K | 20x | as long as short |
| Gate BILL_USDTlong | +0.0100% | 4h | 0.01386 | long leg | $279K | $84K | 20x | |
| Bitget BILLUSDT | +0.0100% | 4h | 0.01386 | 0.000% | $639K | $1.1M | 20x | as long as short |
| Backpack BILL_USDC_PERP | +0.0100% | 1h | 0.01385 | −0.072% | $21K | $939 | 5x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01388 | +0.144% | $2K | $1.1M | 20x | as long as short |
| HTX BILL-USDT | +0.0100% | 4h | 0.01387 | +0.072% | $11K | $38K | 20x | as long as short |
| OKX BILL-USDT-SWAP | +0.0202% | 4h | 0.01386 | 0.000% | $1.1M | $2.7M | 20x | as long as short |
| Aster BILLUSDT | +0.0261% | 4h | 0.01386 | +0.006% | $2K | $4K | 5x | as long as short |
| BingX BILL-USDT | +0.0448% | 4h | 0.01387 | +0.072% | — | $1.7M | — | as long as short |
BloFin BILL-USDT
Bybit BILLUSDT
Bitget BILLUSDT
Backpack BILL_USDC_PERP
SunX BILL-USDT
HTX BILL-USDT
OKX BILL-USDT-SWAP
Aster BILLUSDT
BingX BILL-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BILL-USDshort | +0.0464% | 1h | 0.01386 | −0.031% | $1K | $222K | 5x | |
| MEXC BILL_USDT | +0.0464% | 4h | 0.01385 | −0.072% | $1.1M | $338K | 50x | as long as short |
| Binance BILLUSDT | +0.0465% | 4h | 0.01386 | −0.003% | $2.5M | $3.8M | 20x | as long as short |
| Coinbase International BILL-PERP-INTX | +0.0688% | 1h | 0.01379 | −0.491% | $46K | $51K | 50x | as long as short |
| KuCoin BILLUSDTM | +0.1896% | 4h | 0.01387 | +0.036% | $461K | $307K | 20x | as long as short |
| Deribit BILL_USDC-PERPETUAL | +0.2209% | 1h | 0.01386 | +0.022% | $108K | $14K | 10x | as long as short |
MEXC BILL_USDT
Binance BILLUSDT
Coinbase International BILL-PERP-INTX
KuCoin BILLUSDTM
Deribit BILL_USDC-PERPETUAL