BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0405%/8h= −44.4% APRnext payment −$2.03 per $10,000 · paid last 24h −0.025%

Price spread now: Bybit against OKX−0.216%7-day average −0.114% · you buy dearer than you sell

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1571.568% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.382%−$38 on $10k

Price spread, last 7 days+0.130%+$13 · spread now −0.216%, 7d avg −0.114%

Together, before fees−0.252%−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bybit is 0.102% cheaper against OKX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.114%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BILL-USDT-SWAP	0.01386	0.0505	pay 0.0253% / 4h	3h 32m	$1.1M	$2.8M	20x
Short	Bybit BILLUSDT	0.01383	0.0100	get 0.0050% / 4h	3h 32m	$1.3M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.216%Rate

Funding earned: −$85.13
Price spread: −0.216% → −0.114%: −$10.25
Slippage, 4 orders: −$135.81
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$252.19
Costs to cover: 1.568%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 4 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	3.61 bp	24.1 bp −$24	481.8 bp −$4,818	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	7.24 bp	53.0 bp −$53	588.3 bp −$5,883	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	+0.0044%	4h	0.01381	−0.361%	$147K	$19K	20x	as long as short
Bybit BILLUSDTshort	+0.0100%	4h	0.01383	−0.216%	$1.3M	$1.0M	20x
Gate BILL_USDT	+0.0100%	4h	0.01384	−0.144%	$280K	$88K	20x	as long as short
SunX BILL-USDT	+0.0100%	4h	0.01387	+0.072%	$2K	$1.2M	20x	as long as short
HTX BILL-USDT	+0.0100%	4h	0.01382	−0.289%	$11K	$39K	20x	as long as short
Aster BILLUSDT	+0.0150%	4h	0.01383	−0.246%	$1K	$4K	5x	as long as short
Bitget BILLUSDT	+0.0252%	4h	0.01384	−0.144%	$656K	$1.2M	20x	as long as short
MEXC BILL_USDT	+0.0310%	4h	0.01385	−0.072%	$1.0M	$360K	50x	as long as short
Binance BILLUSDT	+0.0310%	4h	0.01386	−0.031%	$2.5M	$3.9M	20x	as long as short
Extended BILL-USD	+0.0312%	1h	0.01385	−0.056%	$3K	$227K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack BILL_USDC_PERP	+0.0323%	1h	0.01382	−0.289%	$21K	$947	5x	as long as short
BingX BILL-USDT	+0.0416%	4h	0.01384	−0.144%	—	$1.7M	—	as long as short
OKX BILL-USDT-SWAPlong	+0.0505%	4h	0.01386	long leg	$1.1M	$2.8M	20x
Coinbase International BILL-PERP-INTX	+0.0760%	1h	0.01386	+0.022%	$65K	$73K	50x	as long as short
KuCoin BILLUSDTM	+0.1158%	4h	0.01386	−0.007%	$456K	$330K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2065%	1h	0.01385	−0.036%	$108K	$13K	10x	as long as short