Funding you earn now, next payment 00:00 UTC−0.1454%/8h= −159.2% APRnext payment −$7.27 per $10,000 · paid last 24h −0.423%
Price spread now: HTX against Binance+1.076%7-day average +0.173% · you sell dearer than you buy
Net, funding: paid 7d − costs−$942as in the Funding arb table
Net, price: spread back to 7d avg − costs−$706as in the Price arb table
costs, in and out, $10k−$7967.960% of the position
Funding, last 7 days−1.457%−$146 on $10k
+Price spread, last 3 days (all we have)−0.413%−$41 · spread now +1.076%, 7d avg +0.173%
=The price spread pays, funding is against you. HTX is 0.904% dearer against Binance than usual: you sell high and buy low (spread +1.076% now, against its 7-day average of +0.173%): +$90 on $10k if it goes back. Holding the pair costs −$44 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−1.457% in total) that is about 4.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BTWUSDT | 0.8182 | 0.1554 | pay 0.0777% / 4h | 1h 09m | $114.0M | $166.0M | 10x |
| Short | HTX BTW-USDT | 0.8270 | 0.0100 | get 0.0050% / 4h | 1h 09m | $204K | $761K | 10x |
Binance BTWUSDT
HTX BTW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$305.36
- Price spread: +1.076% → +0.173%
- $90.37
- Slippage, 4 orders
- −$774.03
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$1,011.03
- Costs to cover
- 7.960%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; HTX: live order book, 9 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, 4 min ago | 1.79 bp | 25.7 bp −$26 | 188.7 bp −$1,887 | doesn't fit | doesn't fit |
| Sell HTX live order book, 9 min ago | 52.72 bp | 328.1 bp −$328 | 2105.9 bp −$21.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDTshort | +0.0100% | 4h | 0.8270 | +1.076% | $204K | $761K | 10x | |
| Gate BTW_USDT | +0.0694% | 4h | 0.8211 | +0.354% | $3.6M | $15.9M | 10x | as long as short |
| Aster BTWUSDT | +0.1321% | 4h | 0.8189 | +0.081% | $2.3M | $2.8M | 5x | as long as short |
| KuCoin BTWUSDTM | +0.1366% | 4h | 0.8180 | −0.019% | $7.6M | $4.7M | 10x | as long as short |
| Bitget BTWUSDT | +0.1470% | 4h | 0.8193 | +0.135% | $25.9M | $13.3M | 5x | as long as short |
| Binance BTWUSDTlong | +0.1554% | 4h | 0.8182 | long leg | $114.0M | $166.0M | 10x | |
| MEXC BTW_USDT | +0.1580% | 4h | 0.8182 | +0.001% | $10.0M | $6.1M | 20x | as long as short |
| Extended BTW-USD | +0.1584% | 1h | 0.8191 | +0.116% | $39K | $11K | 5x | as long as short |
| edgeX BTWUSDC | +0.1634% | 4h | 0.8357 | +2.138% | $344K | $497K | 10x | as long as short |
| Bybit BTWUSDT | +0.2176% | 4h | 0.8175 | −0.078% | $15.8M | $38.0M | 10x | as long as short |
Gate BTW_USDT
Aster BTWUSDT
KuCoin BTWUSDTM
Bitget BTWUSDT
MEXC BTW_USDT
Extended BTW-USD
edgeX BTWUSDC
Bybit BTWUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTW-USDT | +0.2222% | 4h | 0.8181 | −0.011% | — | $4.4M | — | as long as short |
BingX BTW-USDT