BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0003%/8h= −0.3% APRnext payment −$0.02 per $10,000 · paid last 24h −0.001%

Price spread now: Binance against MEXC−0.217%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$810.805% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days+0.253%+$25 · spread now −0.217%, 7d avg +0.018%

Together, before fees+0.252%+$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.235% cheaper against MEXC than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BILL_USDT	0.01384	0.0286	pay 0.0143% / 4h	27m 08s	$1.1M	$341K	50x
Short	Binance BILLUSDT	0.01381	0.0283	get 0.0141% / 4h	27m 08s	$2.5M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.217%Rate

Funding earned: −$0.66
Price spread: −0.217% → +0.018%: −$23.46
Slippage, 4 orders: −$70.51
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$104.63
Costs to cover: 0.805%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Binance: 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 MEXC live order book, 4 min ago	3.61 bp	8.0 bp −$8	84.6 bp −$846	378.0 bp −$37.8K	doesn't fit
Sell Binance live order book, 9 min ago	7.33 bp	32.4 bp −$32	151.3 bp −$1,513	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
Bybit BILLUSDT	+0.0100%	4h	0.01380	−0.289%	$1.3M	$996K	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01383	−0.072%	$278K	$86K	20x	as long as short
Bitget BILLUSDT	+0.0100%	4h	0.01383	−0.072%	$647K	$1.1M	20x	as long as short
Backpack BILL_USDC_PERP	+0.0100%	1h	0.01382	−0.145%	$21K	$951	5x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01386	+0.145%	$2K	$1.1M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01379	−0.361%	$11K	$39K	20x	as long as short
OKX BILL-USDT-SWAP	+0.0134%	4h	0.01382	−0.145%	$1.1M	$2.8M	20x	as long as short
BloFin BILL-USDT	+0.0142%	4h	0.01381	−0.217%	$145K	$19K	20x	as long as short
Aster BILLUSDT	+0.0154%	4h	0.01383	−0.083%	$2K	$4K	5x	as long as short
Extended BILL-USD	+0.0280%	1h	0.01384	−0.012%	$2K	$220K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BILLUSDTshort	+0.0283%	4h	0.01381	−0.217%	$2.5M	$3.9M	20x
MEXC BILL_USDTlong	+0.0286%	4h	0.01384	long leg	$1.1M	$341K	50x
BingX BILL-USDT	+0.0286%	4h	0.01383	−0.072%	—	$1.7M	—	as long as short
Coinbase International BILL-PERP-INTX	+0.0688%	1h	0.01381	−0.181%	$66K	$72K	50x	as long as short
KuCoin BILLUSDTM	+0.1342%	4h	0.01384	−0.029%	$460K	$314K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2066%	1h	0.01385	+0.058%	$108K	$14K	10x	as long as short