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−0.0610%/8h= −66.8% APRnext payment $3.05 per $10,000 · paid last 24h −0.194%
Price spread now: Gate against HTX−0.359%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 −$18 a day on $10k at the current rate, and Gate is 0.359% cheaper against HTX than usual: you would sell low and buy high (−$36 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-USDT0.013910.0710pay 0.0355% / 4h3h 43m$17K$8K20x
ShortGate BILL_USDT0.013860.0100get 0.0050% / 4h3h 43m$280K$82K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
−$128.15
Price spread: −0.359% → 0.000%
−$35.95
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$191.09
Costs to cover
0.270%
Break-even
never at this rate
Slippage unknown: HTX: no order-book sample; Gate: live order book, 23 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 Gate live order book, 23 min ago7.21 bp292.0 bp −$292doesn't fitdoesn'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
Aster BILLUSDT+0.0100%4h0.01386−0.340%$2K$4K5xas long as short
Bybit BILLUSDT+0.0100%4h0.01386−0.359%$1.3M$937K20xas long as short
OKX BILL-USDT-SWAP+0.0100%4h0.01387−0.288%$1.0M$2.5M20xas long as short
Gate BILL_USDTshort+0.0100%4h0.01386−0.359%$280K$82K20x
Bitget BILLUSDT+0.0100%4h0.01386−0.359%$631K$847K20xas long as short
SunX BILL-USDT+0.0100%4h0.01389−0.144%$2K$1.1M20xas long as short
BloFin BILL-USDT+0.0109%4h0.01389−0.144%$145K$19K20xas long as short
Backpack BILL_USDC_PERP+0.0230%1h0.01386−0.359%$22K$9265xas long as short
MEXC BILL_USDT+0.0318%4h0.01387−0.288%$1.0M$320K50xas long as short
Binance BILLUSDT+0.0319%4h0.01387−0.309%$2.5M$3.6M20xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended BILL-USD+0.0320%1h0.01386−0.342%$2K$235K5xas long as short
BingX BILL-USDT+0.0322%4h0.01388−0.216%$1.7Mas long as short
Coinbase International BILL-PERP-INTX+0.0632%1h0.01386−0.367%$47K$100K50xas long as short
HTX BILL-USDTlong+0.0710%4h0.01391long leg$17K$8K20x
KuCoin BILLUSDTM+0.0978%4h0.01388−0.252%$443K$278K20xas long as short
Deribit BILL_USDC-PERPETUAL+0.2062%1h0.01387−0.259%$108K$14K10xas long as short