Funding arb · Price arb /

BILL

all BILL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.158%

Price spread now: Coinbase International against MEXC+0.109%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+1.034%+$103 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.109% dearer against MEXC than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BILL_USDT	0.01379	0.0444	pay 0.0222% / 4h	1h 14m	$1.1M	$338K	50x
Short	Coinbase International BILL-PERP-INTX	0.01380	0.0688	get 0.0086% / 1h	14m 43s	$46K	$51K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.109%Rate

Funding earned: $51.24
Price spread: +0.109% → 0.000%: $10.88
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $52.12
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 min ago; Coinbase International: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 1 min ago	3.62 bp	7.5 bp −$7	91.2 bp −$912	362.3 bp −$36.2K	doesn't fit
Sell Coinbase International no order-book sample	—	—	—	—	—

Coinbase International: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit BILLUSDT	+0.0100%	4h	0.01380	+0.073%	$1.3M	$960K	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01381	+0.145%	$278K	$84K	20x	as long as short
Bitget BILLUSDT	+0.0100%	4h	0.01381	+0.145%	$640K	$1.1M	20x	as long as short
Backpack BILL_USDC_PERP	+0.0100%	1h	0.01379	0.000%	$21K	$939	5x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01383	+0.290%	$2K	$1.1M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01376	−0.218%	$11K	$39K	20x	as long as short
BloFin BILL-USDT	+0.0131%	4h	0.01383	+0.290%	$146K	$19K	20x	as long as short
OKX BILL-USDT-SWAP	+0.0188%	4h	0.01381	+0.145%	$1.1M	$2.7M	20x	as long as short
Aster BILLUSDT	+0.0245%	4h	0.01381	+0.113%	$2K	$4K	5x	as long as short
BingX BILL-USDT	+0.0442%	4h	0.01381	+0.145%	—	$1.7M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BILL_USDTlong	+0.0444%	4h	0.01379	long leg	$1.1M	$338K	50x
Binance BILLUSDT	+0.0446%	4h	0.01381	+0.145%	$2.5M	$3.8M	20x	as long as short
Extended BILL-USD	+0.0448%	1h	0.01381	+0.118%	$1K	$222K	5x	as long as short
Coinbase International BILL-PERP-INTXshort	+0.0688%	1h	0.01380	+0.109%	$46K	$51K	50x
KuCoin BILLUSDTM	+0.1834%	4h	0.01382	+0.210%	$460K	$309K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.3316%	1h	0.01379	−0.015%	$108K	$14K	10x	as long as short