Funding arb · Price arb /

BILL

all BILL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.193%

Price spread now: SunX against HTX+0.435%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on SunX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.435% dearer against HTX than usual: you sell high and buy low, +$44 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BILL-USDT	0.01379	0.0100	pay 0.0050% / 4h	28m 09s	$11K	$39K	20x
Short	SunX BILL-USDT	0.01385	0.0100	get 0.0050% / 4h	28m 09s	$2K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee HTXbpFee SunXbpOrdersPrice spread, now +0.435%Rate

Funding earned: $0
Price spread: +0.435% → 0.000%: $43.51
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: $23.51
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; SunX: live order book, 5 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell SunX live order book, 5 min ago	36.21 bp	155.6 bp −$156	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BILLUSDT	+0.0100%	4h	0.01381	+0.145%	$1.3M	$996K	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01383	+0.290%	$278K	$86K	20x	as long as short
Bitget BILLUSDT	+0.0100%	4h	0.01383	+0.290%	$647K	$1.1M	20x	as long as short
Backpack BILL_USDC_PERP	+0.0100%	1h	0.01382	+0.218%	$21K	$951	5x	as long as short
SunX BILL-USDTshort	+0.0100%	4h	0.01385	+0.435%	$2K	$1.1M	20x
HTX BILL-USDTlong	+0.0100%	4h	0.01379	long leg	$11K	$39K	20x
BloFin BILL-USDT	+0.0112%	4h	0.01381	+0.145%	$145K	$19K	20x	as long as short
OKX BILL-USDT-SWAP	+0.0130%	4h	0.01384	+0.363%	$1.1M	$2.8M	20x	as long as short
Aster BILLUSDT	+0.0158%	4h	0.01383	+0.267%	$2K	$4K	5x	as long as short
BingX BILL-USDT	+0.0270%	4h	0.01383	+0.290%	—	$1.7M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BILL_USDT	+0.0286%	4h	0.01383	+0.290%	$1.1M	$341K	50x	as long as short
Binance BILLUSDT	+0.0288%	4h	0.01384	+0.363%	$2.5M	$3.9M	20x	as long as short
Extended BILL-USD	+0.0288%	1h	0.01383	+0.262%	$2K	$220K	5x	as long as short
Coinbase International BILL-PERP-INTX	+0.0688%	1h	0.01381	+0.181%	$66K	$72K	50x	as long as short
KuCoin BILLUSDTM	+0.1344%	4h	0.01383	+0.312%	$460K	$314K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.1996%	1h	0.01383	+0.297%	$108K	$14K	10x	as long as short