BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0093%/8h= +10.1% APRnext payment +$0.46 per $10,000 · paid last 24h +0.017%

Price spread now: OKX against Gate+0.072%7-day average +0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,878as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,918as in the Price arb table

costs, in and out, $10k−$1,91119.111% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.335%+$34 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.072%, 7d avg +0.137%

Together, before fees+0.263%+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.064% cheaper against Gate than usual: you would sell low and buy high (spread +0.072% now, against its 7-day average of +0.137%). If the spread goes back, that is −$6 on $10k: about 2.3 days of funding at the current rate (+$3 a day).

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 16m	$279K	$84K	20x
Short	OKX BILL-USDT-SWAP	0.01386	0.0193	get 0.0096% / 4h	1h 16m	$1.1M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.072%Rate

Funding earned: $19.44
Price spread: +0.072% → +0.137%: −$6.44
Slippage, 4 orders: −$1,886.1
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1,898.09
Costs to cover: 19.111%
Break-even: 690.3 days

Slippage from Gate: live order book, 40 min ago; OKX: live order book, 6 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, 40 min ago	10.85 bp	1597.4 bp −$1,597	90258.0 bp −$902.6K	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	3.61 bp	23.8 bp −$24	168.5 bp −$1,685	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	0.01383	−0.144%	$146K	$19K	20x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01384	−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	0.01386	+0.072%	$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	0.01386	+0.072%	$2K	$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-SWAPshort	+0.0193%	4h	0.01386	+0.072%	$1.1M	$2.7M	20x
Aster BILLUSDT	+0.0252%	4h	0.01385	+0.021%	$2K	$4K	5x	as long as short
BingX BILL-USDT	+0.0446%	4h	0.01386	+0.072%	—	$1.7M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BILLUSDT	+0.0456%	4h	0.01386	+0.072%	$2.5M	$3.8M	20x	as long as short
Extended BILL-USD	+0.0464%	1h	0.01385	+0.030%	$1K	$222K	5x	as long as short
MEXC BILL_USDT	+0.0464%	4h	0.01385	0.000%	$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	+0.1870%	4h	0.01386	+0.087%	$462K	$307K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2281%	1h	0.01387	+0.108%	$108K	$14K	10x	as long as short