Funding arb · Price arb /

BILL

all BILL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0204%/8h= +22.3% APRpaid last 24h +0.030%

Price spread now: Coinbase International against KuCoin+0.051%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.635%+$64 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.051% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread 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	KuCoin BILLUSDTM	0.01371	0.0620	pay 0.0310% / 4h	2h 21m	$455K	$475K	20x
Short	Coinbase International BILL-PERP-INTX	0.01372	0.0824	get 0.0103% / 1h	21m 02s	$33K	$74K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpOrdersPrice spread, now +0.051%Rate

Funding earned: $42.84
Price spread: +0.051% → 0.000%: $5.1
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $25.94
Costs to cover: 0.220%
Break-even: 2.8 days

Slippage unknown: KuCoin: live order book, 24 min ago; Coinbase International: no order-book sample. 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 KuCoin live order book, 24 min ago	7.63 bp	717.1 bp −$717	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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 exchanges

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
Aster BILLUSDT	+0.0100%	4h	0.01373	+0.103%	$3K	$6K	5x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01370	−0.102%	$1.3M	$994K	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01371	−0.029%	$296K	$134K	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01374	+0.190%	$2K	$1.3M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01370	−0.102%	$11K	$38K	20x	as long as short
BloFin BILL-USDT	+0.0117%	4h	0.01369	−0.175%	$150K	$16K	20x	as long as short
Extended BILL-USD	+0.0144%	1h	0.01373	+0.086%	$2K	$263K	5x	as long as short
MEXC BILL_USDT	+0.0144%	4h	0.01373	+0.117%	$1.0M	$357K	50x	as long as short
Binance BILLUSDT	+0.0145%	4h	0.01373	+0.117%	$2.5M	$4.2M	20x	as long as short
OKX BILL-USDT-SWAP	+0.0279%	4h	0.01373	+0.117%	$1.1M	$3.0M	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BILLUSDT	+0.0344%	4h	0.01374	+0.190%	$679K	$1.5M	20x	as long as short
BingX BILL-USDT	+0.0360%	4h	0.01372	+0.044%	—	$1.7M	—	as long as short
KuCoin BILLUSDTMlong	+0.0620%	4h	0.01371	long leg	$455K	$475K	20x
Coinbase International BILL-PERP-INTXshort	+0.0824%	1h	0.01372	+0.051%	$33K	$74K	50x
Backpack BILL_USDC_PERP	+0.1231%	1h	0.01372	+0.044%	$21K	$591	5x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2012%	1h	0.01374	+0.175%	$139K	$65K	10x	as long as short