Funding you earn now, next payment 04:00 UTC−0.0777%/8h= −85.1% APRnext payment −$3.89 per $10,000 · paid last 24h −0.144%
Price spread now: Gate against Binance+0.050%7-day average −0.163% · you sell dearer than you buy
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1461.456% of the position
Funding, last 7 days−0.345%−$34 on $10k
+Price spread, last 7 days−0.172%−$17 · spread now +0.050%, 7d avg −0.163%
=The price spread pays, funding is against you. Gate is 0.214% dearer against Binance than usual: you sell high and buy low (spread +0.050% now, against its 7-day average of −0.163%): +$21 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.345% in total) that is about 4.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.345% in total (about -18.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.89 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BTWUSDT | 0.7655 | 0.0877 | pay 0.0439% / 4h | 2h 10m | $106.4M | $170.9M | 10x |
| Short | Gate BTW_USDT | 0.7658 | 0.0100 | get 0.0050% / 4h | 2h 10m | $3.2M | $16.4M | 10x |
Binance BTWUSDT
Gate BTW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$163.19
- Price spread: +0.050% → −0.163%
- $21.35
- Slippage, 4 orders
- −$120.63
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$287.47
- Costs to cover
- 1.456%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Gate: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 3 min ago | 0.66 bp | 28.2 bp −$28 | 246.0 bp −$2,460 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 13.81 bp | 46.9 bp −$47 | 75.8 bp −$758 | doesn't fit | doesn't fit |
BTW on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BTW_USDTshort | +0.0100% | 4h | 0.7658 | +0.050% | $3.2M | $16.4M | 10x | |
| HTX BTW-USDT | +0.0100% | 4h | 0.7645 | −0.126% | $189K | $746K | 10x | as long as short |
| KuCoin BTWUSDTM | +0.0224% | 4h | 0.7655 | +0.008% | $6.9M | $4.8M | 10x | as long as short |
| Bitget BTWUSDT | +0.0616% | 4h | 0.7687 | +0.428% | $24.2M | $13.7M | 5x | as long as short |
| Aster BTWUSDT | +0.0721% | 4h | 0.7661 | +0.084% | $2.1M | $3.0M | 5x | as long as short |
| Bybit BTWUSDT | +0.0811% | 4h | 0.7668 | +0.175% | $14.5M | $39.4M | 10x | as long as short |
| BingX BTW-USDT | +0.0826% | 4h | 0.7680 | +0.332% | — | $4.3M | — | as long as short |
| MEXC BTW_USDT | +0.0866% | 4h | 0.7652 | −0.034% | $9.0M | $6.3M | 20x | as long as short |
| Binance BTWUSDTlong | +0.0877% | 4h | 0.7655 | long leg | $106.4M | $170.9M | 10x | |
| Extended BTW-USD | +0.0880% | 1h | 0.7649 | −0.072% | $33K | $15K | 5x | as long as short |
HTX BTW-USDT
KuCoin BTWUSDTM
Bitget BTWUSDT
Aster BTWUSDT
Bybit BTWUSDT
BingX BTW-USDT
MEXC BTW_USDT
Extended BTW-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | +0.0882% | 4h | 0.7603 | −0.671% | $313K | $503K | 10x | as long as short |
edgeX BTWUSDC