Funding you earn now, next payment 07:00 UTC−0.0582%/8h= −63.7% APRpaid last 24h −0.076%
Price spread now: Extended against KuCoin−0.052%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,457as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,426as in the Price arb table
costs, in and out, $10k−$1,42014.199% of the position
Funding, last 7 days−0.369%−$37 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.052%, 7d avg +0.007%
=Together, before fees−0.371%+ Points / potential airdropExtended: Active · farm board−$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Extended is 0.058% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.007%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.369% in total (about -19.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BILLUSDTM | 0.01380 | 0.0830 | pay 0.0415% / 4h | 1h 06m | $453K | $345K | 20x |
| Short | Extended BILL-USD | 0.01380 | 0.0248 | get 0.0031% / 1h | 6m 21s | $4K | $258K | 5x |
KuCoin BILLUSDTM
Extended BILL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$122.22
- Price spread: −0.052% → +0.007%
- −$5.83
- Slippage, 4 orders
- −$1,402.88
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$1,547.93
- Costs to cover
- 14.199%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 37 min ago; Extended: live order book, 36 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, 37 min ago | 9.52 bp | 681.3 bp −$681 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended live order book, 36 min ago | 5.13 bp | 54.3 bp −$54 | doesn't fit | 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 | +0.0070% | 4h | 0.01372 | −0.601% | $148K | $17K | 20x | as long as short |
| Aster BILLUSDT | +0.0100% | 4h | 0.01375 | −0.404% | $3K | $5K | 5x | as long as short |
| Bybit BILLUSDT | +0.0100% | 4h | 0.01377 | −0.239% | $1.3M | $1.1M | 20x | as long as short |
| Gate BILL_USDT | +0.0100% | 4h | 0.01379 | −0.094% | $303K | $127K | 20x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01382 | +0.123% | $1K | $1.3M | 20x | as long as short |
| HTX BILL-USDT | +0.0100% | 4h | 0.01373 | −0.529% | $11K | $40K | 20x | as long as short |
| Backpack BILL_USDC_PERP | +0.0145% | 1h | 0.01374 | −0.456% | $21K | $876 | 5x | as long as short |
| MEXC BILL_USDT | +0.0236% | 4h | 0.01381 | +0.051% | $1.0M | $341K | 50x | as long as short |
| Bitget BILLUSDT | +0.0246% | 4h | 0.01380 | −0.022% | $664K | $1.4M | 20x | as long as short |
| Binance BILLUSDT | +0.0247% | 4h | 0.01381 | +0.051% | $2.5M | $4.4M | 20x | as long as short |
BloFin BILL-USDT
Aster BILLUSDT
Bybit BILLUSDT
Gate BILL_USDT
SunX BILL-USDT
HTX BILL-USDT
Backpack BILL_USDC_PERP
MEXC BILL_USDT
Bitget BILLUSDT
Binance BILLUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BILL-USDshort | +0.0248% | 1h | 0.01380 | −0.052% | $4K | $258K | 5x | |
| BingX BILL-USDT | +0.0463% | 4h | 0.01379 | −0.094% | — | $1.7M | — | as long as short |
| OKX BILL-USDT-SWAP | +0.0550% | 4h | 0.01380 | −0.022% | $1.2M | $3.1M | 20x | as long as short |
| Coinbase International BILL-PERP-INTX | +0.0808% | 1h | 0.01364 | −1.145% | $38K | $100K | 50x | as long as short |
| KuCoin BILLUSDTMlong | +0.0830% | 4h | 0.01380 | long leg | $453K | $345K | 20x | |
| Deribit BILL_USDC-PERPETUAL | +0.4187% | 1h | 0.01381 | +0.036% | $150K | $53K | 10x | as long as short |
BingX BILL-USDT
OKX BILL-USDT-SWAP
Coinbase International BILL-PERP-INTX
Deribit BILL_USDC-PERPETUAL