BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0265%/8h= +29.0% APRnext payment +$1.32 per $10,000 · paid last 24h +0.028%

Price spread now: Binance against OKX−0.015%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1011.006% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.269%−$27 on $10k

Price spread, last 7 days+0.106%+$11 · spread now −0.015%, 7d avg +0.039%

Together, before fees−0.163%−$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.053% cheaper against OKX than usual: you would sell low and buy high (spread −0.015% now, against its 7-day average of +0.039%). If the spread goes back, that is −$5 on $10k: about 16 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.269%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BILL-USDT-SWAP	0.01384	0.0100	pay 0.0050% / 4h	2h 05m	$1.0M	$2.7M	20x
Short	Binance BILLUSDT	0.01384	0.0365	get 0.0182% / 4h	2h 05m	$2.5M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.015%Rate

Funding earned: $55.61
Price spread: −0.015% → +0.039%: −$5.35
Slippage, 4 orders: −$80.62
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$50.35
Costs to cover: 1.006%
Break-even: 13.3 days

Slippage from OKX: live order book, 1 min ago; Binance: live order book, 16 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 OKX live order book, 1 min ago	3.61 bp	29.1 bp −$29	568.8 bp −$5,688	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	7.26 bp	21.4 bp −$21	140.4 bp −$1,404	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 BILLUSDT	+0.0100%	4h	0.01382	−0.145%	$1.3M	$957K	20x	as long as short
OKX BILL-USDT-SWAPlong	+0.0100%	4h	0.01384	long leg	$1.0M	$2.7M	20x
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	0.01386	+0.145%	$1K	$1.1M	20x	as long as short
Aster BILLUSDT	+0.0149%	4h	0.01382	−0.145%	$2K	$4K	5x	as long as short
Backpack BILL_USDC_PERP	+0.0324%	1h	0.01382	−0.145%	$21K	$939	5x	as long as short
BingX BILL-USDT	+0.0340%	4h	0.01385	+0.072%	—	$1.7M	—	as long as short
MEXC BILL_USDT	+0.0346%	4h	0.01383	−0.072%	$1.0M	$336K	50x	as long as short
Binance BILLUSDTshort	+0.0365%	4h	0.01384	−0.015%	$2.5M	$3.8M	20x

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	−0.024%	$1K	$225K	5x	as long as short
HTX BILL-USDT	+0.0478%	4h	0.01383	−0.072%	$13K	$25K	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	+0.1486%	4h	0.01384	0.000%	$455K	$298K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2065%	1h	0.01386	+0.116%	$108K	$14K	10x	as long as short