BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0408%/8h= −44.7% APRnext payment −$2.04 per $10,000 · paid last 24h −0.121%

Price spread now: Bitget against KuCoin−0.007%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,419as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,371as in the Price arb table

costs, in and out, $10k−$1,37413.741% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.449%−$45 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.007%, 7d avg −0.039%

Together, before fees−0.423%−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.031% dearer against KuCoin than usual: you sell high and buy low (spread −0.007% now, against its 7-day average of −0.039%): +$3 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BILLUSDTM	0.01370	0.0728	pay 0.0364% / 4h	1h 59m	$449K	$339K	20x
Short	Bitget BILLUSDT	0.01370	0.0320	get 0.0160% / 4h	1h 59m	$643K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$85.68
Price spread: −0.007% → −0.039%: $3.14
Slippage, 4 orders: −$1,350.07
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1,456.61
Costs to cover: 13.741%
Break-even: never at this rate

Slippage from KuCoin: live order book, 59 min ago; Bitget: live order book, 2 min ago.

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 KuCoin live order book, 59 min ago	8.39 bp	704.9 bp −$705	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	10.93 bp	22.5 bp −$22	102.9 bp −$1,029	doesn't fit	doesn't fit

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
BloFin BILL-USDT	+0.0076%	4h	0.01366	−0.299%	$146K	$17K	20x	as long as short
Aster BILLUSDT	+0.0100%	4h	0.01367	−0.203%	$2K	$5K	5x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01367	−0.226%	$1.3M	$1.0M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01368	−0.153%	$276K	$90K	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01372	+0.139%	$2K	$1.2M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01368	−0.153%	$11K	$39K	20x	as long as short
MEXC BILL_USDT	+0.0228%	4h	0.01370	−0.007%	$1.0M	$333K	50x	as long as short
Extended BILL-USD	+0.0240%	1h	0.01369	−0.108%	$1K	$257K	5x	as long as short
Binance BILLUSDT	+0.0243%	4h	0.01371	+0.031%	$2.5M	$4.1M	20x	as long as short
Bitget BILLUSDTshort	+0.0320%	4h	0.01370	−0.007%	$643K	$1.3M	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack BILL_USDC_PERP	+0.0339%	1h	0.01368	−0.153%	$21K	$973	5x	as long as short
BingX BILL-USDT	+0.0608%	4h	0.01369	−0.080%	—	$1.7M	—	as long as short
OKX BILL-USDT-SWAP	+0.0629%	4h	0.01369	−0.080%	$1.1M	$2.9M	20x	as long as short
KuCoin BILLUSDTMlong	+0.0728%	4h	0.01370	long leg	$449K	$339K	20x
Coinbase International BILL-PERP-INTX	+0.0808%	1h	0.01362	−0.628%	$38K	$98K	50x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2164%	1h	0.01370	+0.022%	$107K	$12K	10x	as long as short