BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0126%/8h= +13.8% APRnext payment +$0.63 per $10,000 · paid last 24h +0.050%

Price spread now: MEXC against Gate−0.074%7-day average +0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs−$520as in the Funding arb table

Net, price: spread back to 7d avg − costs−$545as in the Price arb table

costs, in and out, $10k−$5285.280% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 4 days (all we have)+0.167%+$17 · spread now −0.074%, 7d avg +0.094%

Together, before fees+0.244%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.168% cheaper against Gate than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of +0.094%). If the spread goes back, that is −$17 on $10k: about 4.4 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.077% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BILL_USDT	0.01359	0.0100	pay 0.0050% / 4h	23m 48s	$299K	$136K	20x
Short	MEXC BILL_USDT	0.01358	0.0226	get 0.0113% / 4h	23m 48s	$1.0M	$343K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.074%Rate

Funding earned: $26.46
Price spread: −0.074% → +0.094%: −$16.81
Slippage, 4 orders: −$512.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$518.33
Costs to cover: 5.280%
Break-even: 144.1 days

Slippage from Gate: live order book, 8 min ago; MEXC: live order book, 2 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, 8 min ago	11.01 bp	188.3 bp −$188	62960.2 bp −$629.6K	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	3.67 bp	12.7 bp −$13	100.6 bp −$1,006	415.0 bp −$41.5K	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	+0.0087%	4h	0.01358	−0.074%	$146K	$17K	20x	as long as short
Aster BILLUSDT	+0.0100%	4h	0.01360	+0.083%	$3K	$6K	5x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01357	−0.147%	$1.3M	$1.1M	20x	as long as short
Gate BILL_USDTlong	+0.0100%	4h	0.01359	long leg	$299K	$136K	20x
SunX BILL-USDT	+0.0100%	4h	0.01361	+0.147%	$2K	$1.4M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01359	0.000%	$11K	$40K	20x	as long as short
Binance BILLUSDT	+0.0219%	4h	0.01360	+0.037%	$2.5M	$4.5M	20x	as long as short
Extended BILL-USD	+0.0224%	1h	0.01359	+0.021%	$3K	$276K	5x	as long as short
MEXC BILL_USDTshort	+0.0226%	4h	0.01358	−0.074%	$1.0M	$343K	50x
Bitget BILLUSDT	+0.0270%	4h	0.01359	0.000%	$661K	$1.5M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BILL-USDT-SWAP	+0.0570%	4h	0.01359	0.000%	$1.1M	$3.1M	20x	as long as short
BingX BILL-USDT	+0.0576%	4h	0.01361	+0.147%	—	$1.7M	—	as long as short
KuCoin BILLUSDTM	+0.0758%	4h	0.01359	+0.015%	$444K	$356K	20x	as long as short
Coinbase International BILL-PERP-INTX	+0.0824%	1h	0.01359	+0.015%	$37K	$100K	50x	as long as short
Backpack BILL_USDC_PERP	+0.1263%	1h	0.01358	−0.074%	$21K	$887	5x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2183%	1h	0.01360	+0.066%	$148K	$53K	10x	as long as short