BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0381%/8h= +41.7% APRnext payment +$1.91 per $10,000 · paid last 24h −0.025%

Price spread now: OKX against MEXC0.000%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$750.747% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.266%+$27 on $10k

Price spread, last 7 days−0.113%−$11 · spread now 0.000%, 7d avg −0.017%

Together, before fees+0.153%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.017%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.266% in total (about 13.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.91 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	0.01371	0.0126	pay 0.0063% / 4h	2h 35m	$980K	$341K	50x
Short	OKX BILL-USDT-SWAP	0.01371	0.0507	get 0.0254% / 4h	2h 35m	$1.1M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $80.01
Price spread: 0.000% → −0.017%: $1.73
Slippage, 4 orders: −$64.7
Fee MEXC: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $7.05
Costs to cover: 0.747%
Break-even: 6.4 days

Slippage from MEXC: live order book, 9 min ago; OKX: 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, 9 min ago	7.28 bp	9.3 bp −$9	85.9 bp −$859	358.6 bp −$35.9K	doesn't fit
Sell OKX live order book, 1 min ago	3.65 bp	22.2 bp −$22	182.8 bp −$1,828	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-USDT	+0.0067%	4h	0.01362	−0.656%	$148K	$17K	20x	as long as short
Aster BILLUSDT	+0.0100%	4h	0.01372	+0.054%	$1K	$4K	5x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01369	−0.146%	$1.3M	$1.0M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01368	−0.219%	$278K	$90K	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01372	+0.073%	$2K	$1.2M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01367	−0.292%	$11K	$39K	20x	as long as short
Extended BILL-USD	+0.0120%	1h	0.01371	−0.026%	$4K	$261K	5x	as long as short
Binance BILLUSDT	+0.0120%	4h	0.01372	+0.105%	$2.5M	$4.0M	20x	as long as short
MEXC BILL_USDTlong	+0.0126%	4h	0.01371	long leg	$980K	$341K	50x
Backpack BILL_USDC_PERP	+0.0245%	1h	0.01369	−0.146%	$21K	$977	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BILLUSDT	+0.0272%	4h	0.01372	+0.073%	$650K	$1.3M	20x	as long as short
BingX BILL-USDT	+0.0488%	4h	0.01371	0.000%	—	$1.7M	—	as long as short
OKX BILL-USDT-SWAPshort	+0.0507%	4h	0.01371	0.000%	$1.1M	$2.9M	20x
KuCoin BILLUSDTM	+0.0670%	4h	0.01371	+0.015%	$452K	$338K	20x	as long as short
Coinbase International BILL-PERP-INTX	+0.0832%	1h	0.01365	−0.467%	$38K	$98K	50x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2089%	1h	0.01371	+0.029%	$107K	$12K	10x	as long as short