Funding arb · Price arb /

BILL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against SunX−0.216%7-day average −0.189% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.070%−$7 · spread now −0.216%, 7d avg −0.189%

Together, before fees−0.070%−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.027% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.189%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BILL-USDT	0.01389	0.0100	pay 0.0050% / 4h	3h 43m	$2K	$1.1M	20x
Short	Bitget BILLUSDT	0.01386	0.0100	get 0.0050% / 4h	3h 43m	$631K	$847K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SunXbpFee BitgetbpOrdersPrice spread, now −0.216%Rate

Funding earned: $0
Price spread: −0.216% → −0.189%: −$2.66
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$22.66
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 9 min ago; Bitget: live order book, 27 min ago. Net counts fees only.

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 SunX live order book, 9 min ago	504.32 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 27 min ago	10.83 bp	24.5 bp −$25	94.6 bp −$946	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
Aster BILLUSDT	+0.0100%	4h	0.01386	−0.196%	$2K	$4K	5x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01386	−0.216%	$1.3M	$937K	20x	as long as short
OKX BILL-USDT-SWAP	+0.0100%	4h	0.01387	−0.144%	$1.0M	$2.5M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01386	−0.216%	$280K	$82K	20x	as long as short
Bitget BILLUSDTshort	+0.0100%	4h	0.01386	−0.216%	$631K	$847K	20x
SunX BILL-USDTlong	+0.0100%	4h	0.01389	long leg	$2K	$1.1M	20x
BloFin BILL-USDT	+0.0109%	4h	0.01389	0.000%	$145K	$19K	20x	as long as short
Backpack BILL_USDC_PERP	+0.0230%	1h	0.01386	−0.216%	$22K	$926	5x	as long as short
MEXC BILL_USDT	+0.0318%	4h	0.01387	−0.144%	$1.0M	$320K	50x	as long as short
Binance BILLUSDT	+0.0319%	4h	0.01387	−0.165%	$2.5M	$3.6M	20x	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	+0.0320%	1h	0.01386	−0.198%	$2K	$235K	5x	as long as short
BingX BILL-USDT	+0.0322%	4h	0.01388	−0.072%	—	$1.7M	—	as long as short
Coinbase International BILL-PERP-INTX	+0.0632%	1h	0.01386	−0.223%	$47K	$100K	50x	as long as short
HTX BILL-USDT	+0.0710%	4h	0.01391	+0.144%	$17K	$8K	20x	as long as short
KuCoin BILLUSDTM	+0.0978%	4h	0.01388	−0.108%	$443K	$278K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2062%	1h	0.01387	−0.115%	$108K	$14K	10x	as long as short