BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.033%

Price spread now: BingX against OKX+0.072%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1271.265% of the position

Long on OKX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.072%, 7d avg +0.031%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BingX is 0.041% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.031%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 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	OKX BILL-USDT-SWAP	0.01383	0.0100	pay 0.0050% / 4h	2h 04m	$1.0M	$2.7M	20x
Short	BingX BILL-USDT	0.01384	0.0340	get 0.0170% / 4h	2h 04m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.072%Rate

Funding earned: $50.4
Price spread: +0.072% → +0.031%: $4.15
Slippage, 4 orders: −$106.52
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$71.98
Costs to cover: 1.265%
Break-even: 17.0 days

Slippage from OKX: live order book, 2 min ago; BingX: live order book, 12 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, 2 min ago	3.61 bp	29.1 bp −$29	568.8 bp −$5,688	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	10.90 bp	36.5 bp −$37	112.9 bp −$1,129	878.4 bp −$87.8K	1280.1 bp −$640.1K

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	0.01381	−0.145%	$1.3M	$957K	20x	as long as short
OKX BILL-USDT-SWAPlong	+0.0100%	4h	0.01383	long leg	$1.0M	$2.7M	20x
Gate BILL_USDT	+0.0100%	4h	0.01383	0.000%	$280K	$84K	20x	as long as short
Bitget BILLUSDT	+0.0100%	4h	0.01383	0.000%	$637K	$1.0M	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01387	+0.289%	$2K	$1.1M	20x	as long as short
Aster BILLUSDT	+0.0164%	4h	0.01382	−0.072%	$2K	$4K	5x	as long as short
Backpack BILL_USDC_PERP	+0.0322%	1h	0.01381	−0.145%	$21K	$939	5x	as long as short
BingX BILL-USDTshort	+0.0340%	4h	0.01384	+0.072%	—	$1.7M	—
MEXC BILL_USDT	+0.0364%	4h	0.01384	+0.072%	$1.0M	$336K	50x	as long as short
Binance BILLUSDT	+0.0365%	4h	0.01384	+0.095%	$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	+0.068%	$1K	$225K	5x	as long as short
HTX BILL-USDT	+0.0453%	4h	0.01383	0.000%	$13K	$26K	20x	as long as short
Coinbase International BILL-PERP-INTX	+0.0632%	1h	0.01375	−0.578%	$46K	$51K	50x	as long as short
KuCoin BILLUSDTM	+0.1508%	4h	0.01384	+0.072%	$455K	$298K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2209%	1h	0.01386	+0.231%	$108K	$14K	10x	as long as short