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

BTW

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0159%/8h= +17.5% APRnext payment +$0.80 per $10,000 · paid last 24h +0.043%
Price spread now: BingX against Aster−0.109%7-day average +0.182% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1061.059% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.410%+$41 on $10k
Price spread, last 7 days+0.051%+$5 · spread now −0.109%, 7d avg +0.182%
Together, before fees+0.462%+ Points / potential airdropAster: Stage 5 · farm board+$46 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.291% cheaper against Aster than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of +0.182%). If the spread goes back, that is −$29 on $10k: about 6.1 days of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BTWUSDT0.72480.0621pay 0.0310% / 4h1h 45m$2.0M$3.1M5x
ShortBingX BTW-USDT0.72400.0780get 0.0390% / 4h1h 45m$4.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Aster. 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
$33.47
Price spread: −0.109% → +0.182%
−$29.14
Slippage, 4 orders
−$87.95
Fee Aster: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$101.62
Costs to cover
1.059%
Break-even
28.3 days
Slippage from Aster: live order book, 3 min ago; BingX: live order book, 4 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 Aster live order book, 3 min ago6.81 bp26.9 bp −$27600.9 bp −$6,009doesn't fitdoesn't fit
Sell BingX live order book, 4 min ago4.16 bp24.6 bp −$2599.4 bp −$994538.5 bp −$53.9Kdoesn't fit

BTW on 11 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
Gate BTW_USDT+0.0100%4h0.7234−0.188%$3.0M$16.5M10xas long as short
KuCoin BTWUSDTM+0.0100%4h0.7227−0.295%$6.5M$4.8M10xas long as short
HTX BTW-USDT+0.0100%4h0.7208−0.556%$185K$793K10xas long as short
Bitget BTWUSDT+0.0532%4h0.7245−0.035%$22.8M$13.9M5xas long as short
Bybit BTWUSDT+0.0577%4h0.7228−0.269%$14.1M$40.2M10xas long as short
Aster BTWUSDTlong+0.0621%4h0.7248long leg$2.0M$3.1M5x
BingX BTW-USDTshort+0.0780%4h0.7240−0.109%$4.3M
Binance BTWUSDT+0.0792%4h0.7235−0.182%$100.6M$172.7M10xas long as short
MEXC BTW_USDT+0.0798%4h0.7235−0.178%$8.5M$6.3M20xas long as short
Extended BTW-USD+0.0800%1h0.7239−0.121%$31K$15K5xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX BTWUSDC+0.0806%4h0.7217−0.433%$297K$502K10xas long as short