Settings8H · net · $10k
Funding arb · Price arb /

AWE

all AWE markets
SwapBacktest
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 +0.062%
Price spread now: Bybit against Bitget+0.065%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$206as in the Funding arb table
Net, price: spread back to 7d avg − costs−$216as in the Price arb table
costs, in and out, $10k−$2122.125% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.062%+$6 on $10k
Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.065%, 7d avg +0.098%
Together, before fees+0.113%+$11 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 0.033% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.098%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget AWEUSDT0.064200.0100pay 0.0050% / 4h1h 19m$447K$266K40x
ShortBybit AWEUSDT0.064240.0100get 0.0050% / 4h1h 19m$537K$225K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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

Funding earned
$0
Price spread: +0.065% → +0.098%
−$3.3
Slippage, 4 orders
−$189.49
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$215.79
Costs to cover
2.125%
Break-even
never at this rate
Slippage from Bitget: live order book, 37 min ago; Bybit: live order book, 36 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 37 min ago4.44 bp35.1 bp −$35159.2 bp −$1,592doesn't fitdoesn't fit
Sell Bybit live order book, 36 min ago5.44 bp67.0 bp −$67204.2 bp −$2,042doesn't fitdoesn't fit

AWE on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster AWEUSDT+0.0100%4h0.06417−0.043%$2K$8K5xas long as short
Binance AWEUSDT+0.0100%4h0.06416−0.055%$2.2M$1.4M40xas long as short
Bybit AWEUSDTshort+0.0100%4h0.06424+0.065%$537K$225K25x
MEXC AWE_USDT+0.0100%4h0.06416−0.059%$1.1M$133K20xas long as short
Bitget AWEUSDTlong+0.0100%4h0.06420long leg$447K$266K40x
BingX AWE-USDT+0.0100%4h0.06419−0.012%$6.6Mas long as short
BloFin AWE-USDT+0.0133%4h0.06413−0.106%$144K$27K40xas long as short
KuCoin AWEUSDTM+0.0380%4h0.06411−0.137%$148K$61K20xas long as short
Gate AWE_USDT+0.0952%8h0.06415−0.075%$46K$35K25xas long as short