BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0264%/8h= −28.9% APRnext payment −$1.32 per $10,000 · paid last 24h −0.045%

Price spread now: Bybit against MEXC−0.217%7-day average −0.132% · you buy dearer than you sell

Net, funding: paid 7d − costs−$173as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1621.620% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 7 days+0.115%+$12 · spread now −0.217%, 7d avg −0.132%

Together, before fees+0.010%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.085% cheaper against MEXC than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.132%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.32 per $10,000. 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	MEXC BILL_USDT	0.01384	0.0364	pay 0.0182% / 4h	2h 05m	$1.0M	$336K	50x
Short	Bybit BILLUSDT	0.01381	0.0100	get 0.0050% / 4h	2h 05m	$1.3M	$957K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.217%Rate

Funding earned: −$55.44
Price spread: −0.217% → −0.132%: −$8.5
Slippage, 4 orders: −$151.04
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$225.98
Costs to cover: 1.620%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago	3.61 bp	8.7 bp −$9	78.0 bp −$780	391.7 bp −$39.2K	doesn't fit
Sell Bybit live order book, 1 min ago	7.24 bp	68.6 bp −$69	703.2 bp −$7,032	doesn't fit	doesn't fit

BILL on 15 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 BILLUSDTshort	+0.0100%	4h	0.01381	−0.217%	$1.3M	$957K	20x
OKX BILL-USDT-SWAP	+0.0100%	4h	0.01383	−0.072%	$1.0M	$2.7M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01383	−0.072%	$280K	$84K	20x	as long as short
Bitget BILLUSDT	+0.0100%	4h	0.01383	−0.072%	$637K	$1.0M	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01387	+0.217%	$2K	$1.1M	20x	as long as short
Aster BILLUSDT	+0.0164%	4h	0.01382	−0.145%	$2K	$4K	5x	as long as short
Backpack BILL_USDC_PERP	+0.0322%	1h	0.01381	−0.217%	$21K	$939	5x	as long as short
BingX BILL-USDT	+0.0340%	4h	0.01384	0.000%	—	$1.7M	—	as long as short
MEXC BILL_USDTlong	+0.0364%	4h	0.01384	long leg	$1.0M	$336K	50x
Binance BILLUSDT	+0.0365%	4h	0.01384	+0.018%	$2.5M	$3.7M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BILL-USD	+0.0368%	1h	0.01384	−0.031%	$1K	$225K	5x	as long as short
HTX BILL-USDT	+0.0453%	4h	0.01383	−0.072%	$13K	$26K	20x	as long as short
Coinbase International BILL-PERP-INTX	+0.0632%	1h	0.01375	−0.650%	$46K	$51K	50x	as long as short
KuCoin BILLUSDTM	+0.1508%	4h	0.01384	0.000%	$455K	$298K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2209%	1h	0.01386	+0.159%	$108K	$14K	10x	as long as short