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

BTW

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0084%/8h= +9.1% APRnext payment +$0.42 per $10,000 · paid last 24h +0.221%
Price spread now: edgeX against Aster+0.107%80s7-day average +0.146% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$890.891% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.851%+$85 on $10k
Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.107%, 7d avg +0.146%
Together, before fees+0.753%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$75 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.039% cheaper against Aster than usual: you would sell low and buy high (spread +0.107% now, against its 7-day average of +0.146%). If the spread goes back, that is −$4 on $10k: about 37 hours of funding at the current rate (+$3 a day). At the pace of the last 5 days (+0.851% in total) that is about 6 hours. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BTWUSDT0.80920.1109pay 0.0555% / 4h10m 16s$2.2M$2.8M5x
ShortedgeX BTWUSDC0.81010.1193get 0.0596% / 4h10m 16s$334K$498K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$17.54
Price spread: +0.107% → +0.146%
−$3.89
Slippage, 4 orders
−$72.08
Fee Aster: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$75.43
Costs to cover
0.891%
Break-even
37.1 days
Slippage from Aster: live order book, 3 min ago; edgeX: live order book, 44 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 ago10.16 bp42.4 bp −$42636.7 bp −$6,367doesn't fitdoesn't fit
Sell edgeX live order book, 44 min ago3.21 bp11.4 bp −$11doesn't fitdoesn't fitdoesn'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
HTX BTW-USDT+0.0100%4h0.8086−0.076%$200K$739K10xas long as short
Gate BTW_USDT+0.0528%4h0.8097+0.055%$3.5M$16.0M10xas long as short
KuCoin BTWUSDTM+0.1064%4h0.8088−0.048%$7.4M$4.8M10xas long as short
Aster BTWUSDTlong+0.1109%4h0.8092long leg$2.2M$2.8M5x
Bitget BTWUSDT+0.1158%4h0.8095+0.030%$25.6M$13.4M5xas long as short
MEXC BTW_USDT+0.1174%4h0.8085−0.088%$9.7M$6.2M20xas long as short
Binance BTWUSDT+0.1174%4h0.8085−0.088%$112.7M$167.5M10xas long as short
Extended BTW-USD+0.1176%1h0.8085−0.083%$39K$11K5xas long as short
Bybit BTWUSDT+0.1184%4h0.8079−0.156%$15.8M$38.6M10xas long as short
BingX BTW-USDT+0.1186%4h0.8087−0.064%$4.4Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX BTWUSDCshort+0.1193%4h0.8101+0.107%$334K$498K10x