BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0409%/8h= −44.8% APRnext payment −$2.04 per $10,000 · paid last 24h −0.025%

Price spread now: SunX against OKX+0.072%7-day average +0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$366as in the Funding arb table

Net, price: spread back to 7d avg − costs−$336as in the Price arb table

costs, in and out, $10k−$3323.318% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.343%−$34 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.072%, 7d avg +0.110%

Together, before fees−0.439%−$44 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 SunX is 0.038% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.110%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BILL-USDT-SWAP	0.01387	0.0509	pay 0.0254% / 4h	3h 30m	$1.1M	$2.9M	20x
Short	SunX BILL-USDT	0.01388	0.0100	get 0.0050% / 4h	3h 30m	$1K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$85.89
Price spread: +0.072% → +0.110%: −$3.81
Slippage, 4 orders: −$313.78
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$421.48
Costs to cover: 3.318%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; SunX: live order book, 3 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	7.22 bp	30.9 bp −$31	546.3 bp −$5,463	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	36.02 bp	162.3 bp −$162	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
Bybit BILLUSDT	+0.0100%	4h	0.01384	−0.216%	$1.3M	$1.0M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01384	−0.216%	$279K	$89K	20x	as long as short
SunX BILL-USDTshort	+0.0100%	4h	0.01388	+0.072%	$1K	$1.2M	20x
HTX BILL-USDT	+0.0100%	4h	0.01382	−0.360%	$11K	$39K	20x	as long as short
BloFin BILL-USDT	+0.0106%	4h	0.01383	−0.288%	$147K	$19K	20x	as long as short
Aster BILLUSDT	+0.0146%	4h	0.01382	−0.372%	$1K	$4K	5x	as long as short
Bitget BILLUSDT	+0.0256%	4h	0.01384	−0.216%	$654K	$1.2M	20x	as long as short
Backpack BILL_USDC_PERP	+0.0289%	1h	0.01384	−0.216%	$21K	$977	5x	as long as short
Binance BILLUSDT	+0.0309%	4h	0.01386	−0.072%	$2.5M	$3.9M	20x	as long as short
MEXC BILL_USDT	+0.0310%	4h	0.01386	−0.072%	$1.0M	$360K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BILL-USD	+0.0312%	1h	0.01387	−0.030%	$3K	$227K	5x	as long as short
BingX BILL-USDT	+0.0464%	4h	0.01387	0.000%	—	$1.7M	—	as long as short
OKX BILL-USDT-SWAPlong	+0.0509%	4h	0.01387	long leg	$1.1M	$2.9M	20x
Coinbase International BILL-PERP-INTX	+0.0760%	1h	0.01385	−0.173%	$65K	$73K	50x	as long as short
KuCoin BILLUSDTM	+0.1152%	4h	0.01386	−0.050%	$456K	$331K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2353%	1h	0.01387	−0.029%	$108K	$13K	10x	as long as short