BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.45 per $10,000 · paid last 24h −0.160%

Price spread now: SunX against KuCoin+0.178%7-day average +0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,644as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,592as in the Price arb table

costs, in and out, $10k−$1,59615.956% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.488%−$49 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.178%, 7d avg +0.137%

Together, before fees−0.454%−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.041% dearer against KuCoin than usual: you sell high and buy low (spread +0.178% now, against its 7-day average of +0.137%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.488% in total) that is about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BILLUSDTM	0.01349	0.0190	pay 0.0095% / 4h	1h 28m	$451K	$540K	20x
Short	SunX BILL-USDT	0.01351	0.0100	get 0.0050% / 4h	1h 28m	$2K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.178%Rate

Funding earned: −$18.9
Price spread: +0.178% → +0.137%: $4.13
Slippage, 4 orders: −$1,575.64
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$1,610.41
Costs to cover: 15.956%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; SunX: live order book, 9 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, 7 min ago	8.86 bp	723.1 bp −$723	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	36.74 bp	167.3 bp −$167	doesn't fit	doesn't fit	doesn't fit

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	0.01348	−0.018%	$3K	$6K	5x	as long as short
Binance BILLUSDT	+0.0100%	4h	0.01347	−0.114%	$2.5M	$4.2M	20x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01346	−0.193%	$1.3M	$986K	20x	as long as short
OKX BILL-USDT-SWAP	+0.0100%	4h	0.01346	−0.193%	$1.1M	$2.9M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01347	−0.119%	$292K	$137K	20x	as long as short
MEXC BILL_USDT	+0.0100%	4h	0.01348	−0.044%	$1.0M	$346K	50x	as long as short
SunX BILL-USDTshort	+0.0100%	4h	0.01351	+0.178%	$2K	$1.3M	20x
HTX BILL-USDT	+0.0100%	4h	0.01345	−0.267%	$10K	$38K	20x	as long as short
Extended BILL-USD	+0.0104%	1h	0.01347	−0.144%	$3K	$261K	5x	as long as short
BloFin BILL-USDT	+0.0120%	4h	0.01346	−0.193%	$149K	$15K	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	+0.0182%	4h	0.01348	−0.044%	$669K	$1.5M	20x	as long as short
KuCoin BILLUSDTMlong	+0.0190%	4h	0.01349	long leg	$451K	$540K	20x
BingX BILL-USDT	+0.0202%	4h	0.01347	−0.119%	—	$1.7M	—	as long as short
Coinbase International BILL-PERP-INTX	+0.0744%	1h	0.01349	0.000%	$32K	$72K	50x	as long as short
Backpack BILL_USDC_PERP	+0.1119%	1h	0.01348	−0.044%	$21K	$591	5x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2498%	1h	0.01350	+0.104%	$137K	$66K	10x	as long as short