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

BILL

all BILL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.1052%/8h= +115.2% APRnext payment +$5.26 per $10,000 · paid last 24h −0.043%
Price spread now: KuCoin against HTX+0.311%7-day average · you sell dearer than you buy
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 for this trade now. Funding pays +$32 a day on $10k at the current rate, and KuCoin is 0.311% dearer against HTX than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BILL-USDT0.013820.0100pay 0.0050% / 4h3h 30m$11K$39K20x
ShortKuCoin BILLUSDTM0.013860.1152get 0.0576% / 4h3h 30m$456K$331K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
$220.92
Price spread: +0.311% → 0.000%
$31.11
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
$228.03
Costs to cover
0.240%
Break-even
from the start
Slippage unknown: HTX: no order-book sample; KuCoin: live order book, 42 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 KuCoin live order book, 42 min ago10.47 bp612.9 bp −$613doesn'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
Bybit BILLUSDT+0.0100%4h0.01384+0.145%$1.3M$1.0M20xas long as short
Gate BILL_USDT+0.0100%4h0.01384+0.145%$279K$89K20xas long as short
SunX BILL-USDT+0.0100%4h0.01388+0.434%$1K$1.2M20xas long as short
HTX BILL-USDTlong+0.0100%4h0.01382long leg$11K$39K20x
BloFin BILL-USDT+0.0106%4h0.01383+0.072%$147K$19K20xas long as short
Aster BILLUSDT+0.0150%4h0.01383+0.104%$1K$4K5xas long as short
Bitget BILLUSDT+0.0256%4h0.01384+0.145%$654K$1.2M20xas long as short
Backpack BILL_USDC_PERP+0.0289%1h0.01384+0.145%$21K$9775xas long as short
Binance BILLUSDT+0.0309%4h0.01387+0.362%$2.5M$3.9M20xas long as short
MEXC BILL_USDT+0.0310%4h0.01386+0.289%$1.0M$360K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended BILL-USD+0.0312%1h0.01387+0.332%$3K$227K5xas long as short
BingX BILL-USDT+0.0464%4h0.01387+0.362%$1.7Mas long as short
OKX BILL-USDT-SWAP+0.0509%4h0.01387+0.362%$1.1M$2.9M20xas long as short
Coinbase International BILL-PERP-INTX+0.0760%1h0.01385+0.188%$65K$73K50xas long as short
KuCoin BILLUSDTMshort+0.1152%4h0.01386+0.311%$456K$331K20x
Deribit BILL_USDC-PERPETUAL+0.2353%1h0.01387+0.333%$108K$13K10xas long as short