BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0444%/8h= −48.6% APRnext payment −$2.22 per $10,000 · paid last 24h −0.031%

Price spread now: BloFin against OKX−0.656%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$188as in the Price arb table

costs, in and out, $10k−$1301.301% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.383%−$38 on $10k

Price spread, last 4 days (all we have)+0.336%+$34 · spread now −0.656%, 7d avg −0.081%

Together, before fees−0.047%−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and BloFin is 0.575% cheaper against OKX than usual: you would sell low and buy high (−$58 if the spread goes back to its 7-day average of −0.081%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BILL-USDT-SWAP	0.01371	0.0510	pay 0.0255% / 4h	2h 36m	$1.1M	$2.9M	20x
Short	BloFin BILL-USDT	0.01362	0.0067	get 0.0033% / 4h	2h 36m	$148K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.656%Rate

Funding earned: −$93.19
Price spread: −0.656% → −0.081%: −$57.54
Slippage, 4 orders: −$108.07
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$280.79
Costs to cover: 1.301%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; BloFin: live order book, 43 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, 5 min ago	7.29 bp	30.4 bp −$30	431.0 bp −$4,310	doesn't fit	doesn't fit
Sell BloFin live order book, 43 min ago	7.26 bp	36.3 bp −$36	195.9 bp −$1,959	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-USDTshort	+0.0067%	4h	0.01362	−0.656%	$148K	$17K	20x
Aster BILLUSDT	+0.0100%	4h	0.01369	−0.111%	$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	0.01368	−0.219%	$1K	$1.2M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01371	0.000%	$11K	$39K	20x	as long as short
Binance BILLUSDT	+0.0120%	4h	0.01372	+0.070%	$2.5M	$4.0M	20x	as long as short
MEXC BILL_USDT	+0.0126%	4h	0.01371	0.000%	$980K	$341K	50x	as long as short
Extended BILL-USD	+0.0128%	1h	0.01372	+0.044%	$4K	$261K	5x	as long as short
Backpack BILL_USDC_PERP	+0.0226%	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	+0.0490%	4h	0.01371	0.000%	—	$1.7M	—	as long as short
OKX BILL-USDT-SWAPlong	+0.0510%	4h	0.01371	long leg	$1.1M	$2.9M	20x
KuCoin BILLUSDTM	+0.0670%	4h	0.01370	−0.073%	$454K	$337K	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	+0.2169%	1h	0.01368	−0.241%	$107K	$12K	10x	as long as short