Settings8H · net · $10k
Funding arb · Price arb /

BILL

all BILL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0284%/8h= −31.1% APRnext payment $1.42 per $10,000 · paid last 24h −0.148%
Price spread now: Binance against HTX−1.451%53s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Binance is 1.451% cheaper against HTX than usual: you would sell low and buy high (−$145 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BILL-USDT0.013790.0478pay 0.0239% / 4h2h 54m$17K$8K20x
ShortBinance BILLUSDT0.013590.0194get 0.0097% / 4h2h 54m$2.4M$3.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against HTX. 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

Funding earned
−$59.59
Price spread: −1.451% → 0.000%
−$145.07
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$226.65
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: HTX: no order-book sample; Binance: live order book, 12 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX no order-book sample
Sell Binance live order book, 12 min ago7.21 bp25.8 bp −$26141.7 bp −$1,417doesn't fitdoesn't fit
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BILL on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin BILL-USDT+0.0064%4h0.01370−0.653%$146K$19K20xas long as short
Aster BILLUSDT+0.0100%4h0.01363−1.163%$2K$4K5xas long as short
Bybit BILLUSDT+0.0100%4h0.01357−1.595%$1.3M$959K20xas long as short
OKX BILL-USDT-SWAP+0.0100%4h0.01357−1.595%$999K$2.6M20xas long as short
Gate BILL_USDT+0.0100%4h0.01358−1.523%$274K$75K20xas long as short
Bitget BILLUSDT+0.0100%4h0.01358−1.523%$623K$915K20xas long as short
SunX BILL-USDT+0.0100%4h0.01368−0.798%$1K$1.1M20xas long as short
Extended BILL-USD+0.0192%1h0.01358−1.490%$2K$227K5xas long as short
Binance BILLUSDTshort+0.0194%4h0.01359−1.451%$2.4M$3.7M20x
MEXC BILL_USDT+0.0202%4h0.01357−1.595%$1.0M$330K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BILL-USDT+0.0224%4h0.01358−1.523%$1.7Mas long as short
Backpack BILL_USDC_PERP+0.0373%1h0.01364−1.088%$21K$9265xas long as short
HTX BILL-USDTlong+0.0478%4h0.01379long leg$17K$8K20x
Coinbase International BILL-PERP-INTX+0.0632%1h0.01367−0.906%$47K$99K50xas long as short
KuCoin BILLUSDTM+0.0782%4h0.01356−1.668%$437K$288K20xas long as short
Deribit BILL_USDC-PERPETUAL+0.2039%1h0.01358−1.545%$106K$14K10xas long as short