BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.21 per $10,000 · paid last 24h −0.007%

Price spread now: BloFin against SunX−0.218%55s7-day average −0.191% · you buy dearer than you sell

Net, funding: paid 7d − costs−$402as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$3983.978% of the position

Long on SunX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now −0.218%, 7d avg −0.191%

Together, before fees−0.180%−$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.027% cheaper against SunX than usual: you would sell low and buy high (spread −0.218% now, against its 7-day average of −0.191%). If the spread goes back, that is −$3 on $10k: about 2.2 days of funding at the current rate (+$1 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BILL-USDT	0.01374	0.0100	pay 0.0050% / 4h	2h 21m	$2K	$1.3M	20x
Short	BloFin BILL-USDT	0.01371	0.0141	get 0.0071% / 4h	2h 21m	$151K	$16K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SunX. 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 SunXbpFee BloFinbpOrdersPrice spread, now −0.218%Rate

Funding earned: $8.69
Price spread: −0.218% → −0.191%: −$2.73
Slippage, 4 orders: −$377.78
Fee SunX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$391.82
Costs to cover: 3.978%
Break-even: 322.5 days

Slippage from SunX: live order book, 6 min ago; BloFin: live order book, 22 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 SunX live order book, 6 min ago	36.23 bp	129.6 bp −$130	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 22 min ago	14.56 bp	44.5 bp −$45	226.7 bp −$2,267	doesn't fit	doesn't fit

BILL on 16 exchanges

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	0.01373	−0.085%	$3K	$6K	5x	as long as short
Bybit BILLUSDT	+0.0100%	4h	0.01370	−0.291%	$1.3M	$994K	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01371	−0.218%	$296K	$134K	20x	as long as short
SunX BILL-USDTlong	+0.0100%	4h	0.01374	long leg	$2K	$1.3M	20x
HTX BILL-USDT	+0.0100%	4h	0.01370	−0.291%	$11K	$38K	20x	as long as short
BloFin BILL-USDTshort	+0.0141%	4h	0.01371	−0.218%	$151K	$16K	20x
Extended BILL-USD	+0.0144%	1h	0.01373	−0.102%	$2K	$263K	5x	as long as short
MEXC BILL_USDT	+0.0144%	4h	0.01373	−0.073%	$1.0M	$357K	50x	as long as short
Binance BILLUSDT	+0.0145%	4h	0.01373	−0.041%	$2.5M	$4.2M	20x	as long as short
OKX BILL-USDT-SWAP	+0.0279%	4h	0.01373	−0.073%	$1.1M	$3.0M	20x	as long as short

Show all 16 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BILLUSDT	+0.0344%	4h	0.01373	−0.073%	$679K	$1.5M	20x	as long as short
BingX BILL-USDT	+0.0360%	4h	0.01373	−0.073%	—	$1.7M	—	as long as short
KuCoin BILLUSDTM	+0.0620%	4h	0.01371	−0.189%	$454K	$474K	20x	as long as short
Coinbase International BILL-PERP-INTX	+0.0824%	1h	0.01372	−0.138%	$33K	$74K	50x	as long as short
Backpack BILL_USDC_PERP	+0.1242%	1h	0.01373	−0.073%	$21K	$591	5x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2230%	1h	0.01374	+0.022%	$139K	$65K	10x	as long as short