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

BILL

all BILL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0934%/8h= −102.3% APRnext payment $4.67 per $10,000 · paid last 24h −0.173%
Price spread now: Bybit against HTX−0.517%7-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 −$28 a day on $10k at the current rate, and Bybit is 0.517% cheaper against HTX than usual: you would sell low and buy high (−$52 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BILL-USDT0.013540.1036pay 0.0518% / 4h1h 51m$19K$29K20x
ShortBybit BILLUSDT0.013470.0102get 0.0051% / 4h1h 51m$1.3M$910K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
−$196.1
Price spread: −0.517% → 0.000%
−$51.7
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$270.8
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: HTX: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago7.41 bp70.0 bp −$70787.0 bp −$7,870doesn'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+0.0065%4h0.01350−0.295%$140K$31K20xas long as short
Aster BILLUSDT+0.0100%4h0.01349−0.396%$2K$4K5xas long as short
OKX BILL-USDT-SWAP+0.0100%4h0.01348−0.443%$1.0M$2.3M20xas long as short
Gate BILL_USDT+0.0100%4h0.01348−0.443%$272K$82K20xas long as short
Bitget BILLUSDT+0.0100%4h0.01350−0.295%$607K$730K20xas long as short
SunX BILL-USDT+0.0100%4h0.01351−0.222%$2K$1.0M20xas long as short
Bybit BILLUSDTshort+0.0102%4h0.01347−0.517%$1.3M$910K20x
BingX BILL-USDT+0.0174%4h0.01349−0.369%$1.7Mas long as short
KuCoin BILLUSDTM+0.0198%4h0.01348−0.414%$432K$263K20xas long as short
Extended BILL-USD+0.0216%1h0.01350−0.293%$1K$213K5xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BILL_USDT+0.0216%4h0.01350−0.295%$869K$301K50xas long as short
Binance BILLUSDT+0.0217%4h0.01350−0.277%$2.3M$3.5M20xas long as short
Coinbase International BILL-PERP-INTX+0.0728%1h0.01346−0.583%$46K$96K50xas long as short
Backpack BILL_USDC_PERP+0.0737%1h0.01348−0.443%$21K$9555xas long as short
HTX BILL-USDTlong+0.1036%4h0.01354long leg$19K$29K20x
Deribit BILL_USDC-PERPETUAL+0.2199%1h0.01351−0.251%$105K$17K10xas long as short