BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0166%/8h= −18.2% APRnext payment −$0.83 per $10,000 · paid last 24h −0.056%

Price spread now: BloFin against MEXC−0.724%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$191as in the Price arb table

costs, in and out, $10k−$1241.240% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 4 days (all we have)+0.609%+$61 · spread now −0.724%, 7d avg −0.055%

Together, before fees+0.492%+$49 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 0.668% cheaper against MEXC than usual: you would sell low and buy high (−$67 if the spread goes back to its 7-day average of −0.055%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BILL_USDT	0.01382	0.0236	pay 0.0118% / 4h	1h 06m	$1.0M	$341K	50x
Short	BloFin BILL-USDT	0.01372	0.0070	get 0.0035% / 4h	1h 06m	$148K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.724%Rate

Funding earned: −$34.91
Price spread: −0.724% → −0.055%: −$66.82
Slippage, 4 orders: −$112.05
Fee MEXC: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$225.78
Costs to cover: 1.240%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; BloFin: live order book, 3 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	3.63 bp	12.8 bp −$13	140.9 bp −$1,409	421.2 bp −$42.1K	doesn't fit
Sell BloFin live order book, 3 min ago	14.60 bp	56.9 bp −$57	298.6 bp −$2,986	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-USDTshort	+0.0070%	4h	0.01372	−0.724%	$148K	$17K	20x
Aster BILLUSDT	+0.0100%	4h	0.01376	−0.445%	$3K	$5K	5x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01378	−0.289%	$1.3M	$1.1M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01374	−0.579%	$302K	$125K	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01378	−0.289%	$1K	$1.3M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01371	−0.796%	$11K	$40K	20x	as long as short
Backpack BILL_USDC_PERP	+0.0145%	1h	0.01374	−0.579%	$21K	$876	5x	as long as short
MEXC BILL_USDTlong	+0.0236%	4h	0.01382	long leg	$1.0M	$341K	50x
Extended BILL-USD	+0.0240%	1h	0.01376	−0.463%	$4K	$258K	5x	as long as short
Bitget BILLUSDT	+0.0246%	4h	0.01378	−0.289%	$663K	$1.4M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance BILLUSDT	+0.0247%	4h	0.01381	−0.084%	$2.5M	$4.4M	20x	as long as short
BingX BILL-USDT	+0.0388%	4h	0.01377	−0.362%	—	$1.7M	—	as long as short
OKX BILL-USDT-SWAP	+0.0550%	4h	0.01382	0.000%	$1.2M	$3.1M	20x	as long as short
Coinbase International BILL-PERP-INTX	+0.0808%	1h	0.01364	−1.266%	$38K	$100K	50x	as long as short
KuCoin BILLUSDTM	+0.0830%	4h	0.01380	−0.137%	$453K	$345K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.4346%	1h	0.01377	−0.355%	$149K	$53K	10x	as long as short