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

BTW

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0568%/8h= −62.2% APRnext payment $2.84 per $10,000 · paid last 24h −0.286%
Price spread now: HTX against Aster−0.073%7-day average +0.319% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$824as in the Price arb table
costs, in and out, $10k−$7857.848% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)−0.353%−$35 on $10k
Price spread, last 4 days (all we have)+0.712%+$71 · spread now −0.073%, 7d avg +0.319%
Together, before fees+0.359%+ Points / potential airdropAster: Stage 5 · farm board+$36 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and HTX is 0.392% cheaper against Aster than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of +0.319%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BTWUSDT0.82660.0668pay 0.0334% / 4h3h 12m$2.3M$3.2M5x
ShortHTX BTW-USDT0.82600.0100get 0.0050% / 4h3h 12m$212K$794K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
−$119.25
Price spread: −0.073% → +0.319%
−$39.19
Slippage, 4 orders
−$764.79
Fee Aster: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$943.24
Costs to cover
7.848%
Break-even
never at this rate
Slippage from Aster: live order book, 1 min ago; HTX: live order book, 42 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, 1 min ago6.74 bp24.6 bp −$25277.3 bp −$2,773doesn't fitdoesn't fit
Sell HTX live order book, 42 min ago32.21 bp287.6 bp −$288doesn'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
KuCoin BTWUSDTM+0.0100%4h0.8263−0.037%$7.3M$4.9M10xas long as short
HTX BTW-USDTshort+0.0100%4h0.8260−0.073%$212K$794K10x
Bybit BTWUSDT+0.0600%4h0.8267+0.010%$16.0M$41.4M10xas long as short
Bitget BTWUSDT+0.0658%4h0.8278+0.141%$26.0M$15.2M5xas long as short
Aster BTWUSDTlong+0.0668%4h0.8266long leg$2.3M$3.2M5x
BingX BTW-USDT+0.0930%4h0.8273+0.079%$4.4Mas long as short
MEXC BTW_USDT+0.0970%4h0.8270+0.042%$9.4M$6.5M20xas long as short
edgeX BTWUSDC+0.0978%4h0.8265−0.018%$341K$507K10xas long as short
Binance BTWUSDT+0.0989%4h0.8266−0.006%$115.2M$181.1M10xas long as short
Extended BTW-USD+0.0992%1h0.8270+0.041%$36K$15K5xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BTW_USDT+0.1538%4h0.8261−0.070%$3.4M$18.0M10xas long as short