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

BTW

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0807%/8h= −88.3% APRnext payment $4.03 per $10,000 · paid last 24h −0.074%
Price spread now: KuCoin against Aster−0.088%7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$294as in the Price arb table
costs, in and out, $10k−$2802.799% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.223%+$22 on $10k
Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.088%, 7d avg +0.056%
Together, before fees+0.217%+ Points / potential airdropAster: Stage 5 · farm board+$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and KuCoin is 0.144% cheaper against Aster than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.056%). Swap the legs. Mind the row above: over the last 6 days funding on this pair paid +0.223%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.223% in total (about 14.4% a year). A funding rate is set anew for every payment; at this rate the next one is about $4.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BTWUSDT0.80730.0907pay 0.0453% / 4h1m 50s$2.3M$3.3M5x
ShortKuCoin BTWUSDTM0.80660.0100get 0.0050% / 4h1m 50s$7.2M$4.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
−$169.37
Price spread: −0.088% → +0.056%
−$14.41
Slippage, 4 orders
−$259.93
Fee Aster: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$463.71
Costs to cover
2.799%
Break-even
never at this rate
Slippage from Aster: live order book, 2 min ago; KuCoin: live order book, 6 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, 2 min ago5.12 bp19.6 bp −$20290.3 bp −$2,903doesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago18.44 bp169.4 bp −$169doesn'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 BTWUSDTMshort+0.0100%4h0.8066−0.088%$7.2M$4.7M10x
HTX BTW-USDT+0.0100%4h0.8116+0.524%$210K$733K10xas long as short
Bybit BTWUSDT+0.0408%4h0.8073−0.009%$15.6M$40.3M10xas long as short
Gate BTW_USDT+0.0546%4h0.8073−0.007%$3.3M$17.7M10xas long as short
Bitget BTWUSDT+0.0656%4h0.8084+0.133%$25.4M$14.8M5xas long as short
BingX BTW-USDT+0.0884%4h0.8085+0.144%$4.0Mas long as short
Extended BTW-USD+0.0904%1h0.8070−0.048%$35K$15K5xas long as short
Binance BTWUSDT+0.0905%4h0.8083+0.114%$112.3M$175.6M10xas long as short
Aster BTWUSDTlong+0.0907%4h0.8073long leg$2.3M$3.3M5x
MEXC BTW_USDT+0.0908%4h0.8074+0.007%$9.0M$6.4M20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX BTWUSDC+0.0928%4h0.8070−0.041%$351K$509K10xas long as short