Funding you earn now, next payment 07:00 UTC−0.0389%/8h= −42.6% APRpaid last 24h +0.018%
Price spread now: Extended against OKX−0.027%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$198as in the Funding arb table
Net, price: spread back to 7d avg − costs−$170as in the Price arb table
costs, in and out, $10k−$1711.711% of the position
Funding, last 7 days−0.264%−$26 on $10k
+Price spread, last 4 days (all we have)−0.216%−$22 · spread now −0.027%, 7d avg −0.035%
=Together, before fees−0.480%+ Points / potential airdropExtended: Active · farm board−$48 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: −$12 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 -0.264% in total (about -13.8% a year). A funding rate is set anew for every payment. 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 | 0.01369 | 0.0629 | pay 0.0315% / 4h | 1h 59m | $1.1M | $2.9M | 20x |
| Short | Extended BILL-USD | 0.01369 | 0.0240 | get 0.0030% / 1h | 59m 10s | $1K | $257K | 5x |
OKX BILL-USDT-SWAP
Extended BILL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$81.76
- Price spread: −0.027% → −0.035%
- $0.8
- Slippage, 4 orders
- −$156.11
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$252.07
- Costs to cover
- 1.711%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Extended: live order book, 48 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, 3 min ago | 3.65 bp | 25.1 bp −$25 | 230.5 bp −$2,305 | doesn't fit | doesn't fit |
| Sell Extended live order book, 48 min ago | 6.57 bp | 76.0 bp −$76 | doesn't fit | 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 | +0.0076% | 4h | 0.01366 | −0.219% | $146K | $17K | 20x | as long as short |
| Aster BILLUSDT | +0.0100% | 4h | 0.01367 | −0.123% | $2K | $5K | 5x | as long as short |
| Bybit BILLUSDT | +0.0100% | 4h | 0.01367 | −0.146% | $1.3M | $1.0M | 20x | as long as short |
| Gate BILL_USDT | +0.0100% | 4h | 0.01368 | −0.073% | $276K | $90K | 20x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01372 | +0.219% | $2K | $1.2M | 20x | as long as short |
| HTX BILL-USDT | +0.0100% | 4h | 0.01368 | −0.073% | $11K | $39K | 20x | as long as short |
| MEXC BILL_USDT | +0.0228% | 4h | 0.01370 | +0.073% | $1.0M | $333K | 50x | as long as short |
| Extended BILL-USDshort | +0.0240% | 1h | 0.01369 | −0.027% | $1K | $257K | 5x | |
| Binance BILLUSDT | +0.0243% | 4h | 0.01371 | +0.111% | $2.5M | $4.1M | 20x | as long as short |
| Bitget BILLUSDT | +0.0320% | 4h | 0.01370 | +0.073% | $643K | $1.3M | 20x | as long as short |
BloFin BILL-USDT
Aster BILLUSDT
Bybit BILLUSDT
Gate BILL_USDT
SunX BILL-USDT
HTX BILL-USDT
MEXC BILL_USDT
Binance BILLUSDT
Bitget BILLUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack BILL_USDC_PERP | +0.0339% | 1h | 0.01368 | −0.073% | $21K | $973 | 5x | as long as short |
| BingX BILL-USDT | +0.0608% | 4h | 0.01369 | 0.000% | — | $1.7M | — | as long as short |
| OKX BILL-USDT-SWAPlong | +0.0629% | 4h | 0.01369 | long leg | $1.1M | $2.9M | 20x | |
| KuCoin BILLUSDTM | +0.0728% | 4h | 0.01370 | +0.080% | $449K | $339K | 20x | as long as short |
| Coinbase International BILL-PERP-INTX | +0.0808% | 1h | 0.01362 | −0.548% | $38K | $98K | 50x | as long as short |
| Deribit BILL_USDC-PERPETUAL | +0.2164% | 1h | 0.01370 | +0.102% | $107K | $12K | 10x | as long as short |
Backpack BILL_USDC_PERP
BingX BILL-USDT
KuCoin BILLUSDTM
Coinbase International BILL-PERP-INTX
Deribit BILL_USDC-PERPETUAL