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

BILL

all BILL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.1614%/8h= −176.7% APRnext payment $8.07 per $10,000 · paid last 24h +0.114%
Price spread now: HTX against KuCoin−0.182%7-day average · you buy dearer than you sell
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 against this trade now: funding costs −$48 a day on $10k at the current rate, and HTX is 0.182% cheaper against KuCoin than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BILLUSDTM0.013760.1714pay 0.0857% / 4h1h 07m$455K$309K20x
ShortHTX BILL-USDT0.013740.0100get 0.0050% / 4h1h 07m$11K$39K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
−$338.94
Price spread: −0.182% → 0.000%
−$18.16
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
−$381.1
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: KuCoin: live order book, 15 min ago; HTX: 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 15 min ago13.00 bp698.3 bp −$698doesn't fitdoesn't fitdoesn't fit
Sell HTX no order-book sample
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%4h0.01373−0.254%$1.3M$961K20xas long as short
Gate BILL_USDT+0.0100%4h0.01375−0.109%$277K$84K20xas long as short
Bitget BILLUSDT+0.0100%4h0.01375−0.109%$637K$1.1M20xas long as short
Backpack BILL_USDC_PERP+0.0100%1h0.01375−0.109%$21K$9395xas long as short
SunX BILL-USDT+0.0100%4h0.01378+0.109%$2K$1.1M20xas long as short
HTX BILL-USDTshort+0.0100%4h0.01374−0.182%$11K$39K20x
BloFin BILL-USDT+0.0133%4h0.01378+0.109%$145K$19K20xas long as short
OKX BILL-USDT-SWAP+0.0173%4h0.01374−0.182%$1.1M$2.7M20xas long as short
Aster BILLUSDT+0.0206%4h0.01375−0.119%$2K$4K5xas long as short
MEXC BILL_USDT+0.0396%4h0.01376−0.036%$1.1M$338K50xas long as short
Show all 16 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance BILLUSDT+0.0398%4h0.01375−0.084%$2.5M$3.8M20xas long as short
Extended BILL-USD+0.0400%1h0.01375−0.075%$1K$222K5xas long as short
BingX BILL-USDT+0.0422%4h0.01376−0.036%$1.7Mas long as short
Coinbase International BILL-PERP-INTX+0.0688%1h0.01374−0.160%$46K$51K50xas long as short
KuCoin BILLUSDTMlong+0.1714%4h0.01376long leg$455K$309K20x
Deribit BILL_USDC-PERPETUAL+0.2151%1h0.01378+0.087%$108K$14K10xas long as short