BILL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0002%/8h= +0.2% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against SunX−0.296%7-day average −0.241% · you buy dearer than you sell

Net, funding: paid 7d − costs−$338as in the Funding arb table

Net, price: spread back to 7d avg − costs−$339as in the Price arb table

costs, in and out, $10k−$3343.337% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 3 days (all we have)−0.061%−$6 · spread now −0.296%, 7d avg −0.241%

Together, before fees−0.099%−$10 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: Bybit is 0.055% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.241%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BILL-USDT	0.01351	0.0100	pay 0.0050% / 4h	1h 51m	$2K	$1.0M	20x
Short	Bybit BILLUSDT	0.01347	0.0102	get 0.0051% / 4h	1h 51m	$1.3M	$910K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.296%Rate

Funding earned: $0.41
Price spread: −0.296% → −0.241%: −$5.52
Slippage, 4 orders: −$314.73
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$338.84
Costs to cover: 3.337%
Break-even: 5769.5 days

Slippage from SunX: live order book, 1 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 SunX live order book, 1 min ago	33.35 bp	92.2 bp −$92	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	7.41 bp	70.0 bp −$70	787.0 bp −$7,870	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	+0.0065%	4h	0.01350	−0.074%	$140K	$31K	20x	as long as short
Aster BILLUSDT	+0.0100%	4h	0.01349	−0.175%	$2K	$4K	5x	as long as short
OKX BILL-USDT-SWAP	+0.0100%	4h	0.01348	−0.222%	$1.0M	$2.3M	20x	as long as short
Gate BILL_USDT	+0.0100%	4h	0.01348	−0.222%	$272K	$82K	20x	as long as short
Bitget BILLUSDT	+0.0100%	4h	0.01350	−0.074%	$607K	$730K	20x	as long as short
SunX BILL-USDTlong	+0.0100%	4h	0.01351	long leg	$2K	$1.0M	20x
Bybit BILLUSDTshort	+0.0102%	4h	0.01347	−0.296%	$1.3M	$910K	20x
BingX BILL-USDT	+0.0174%	4h	0.01349	−0.148%	—	$1.7M	—	as long as short
KuCoin BILLUSDTM	+0.0198%	4h	0.01348	−0.192%	$432K	$263K	20x	as long as short
Extended BILL-USD	+0.0216%	1h	0.01350	−0.071%	$1K	$213K	5x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BILL_USDT	+0.0216%	4h	0.01350	−0.074%	$869K	$301K	50x	as long as short
Binance BILLUSDT	+0.0217%	4h	0.01350	−0.055%	$2.3M	$3.5M	20x	as long as short
Coinbase International BILL-PERP-INTX	+0.0728%	1h	0.01346	−0.363%	$46K	$96K	50x	as long as short
Backpack BILL_USDC_PERP	+0.0737%	1h	0.01348	−0.222%	$21K	$955	5x	as long as short
HTX BILL-USDT	+0.1036%	4h	0.01354	+0.222%	$19K	$29K	20x	as long as short
Deribit BILL_USDC-PERPETUAL	+0.2199%	1h	0.01351	−0.030%	$105K	$17K	10x	as long as short