Funding you earn now, next payment 00:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.12 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance+0.022%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$720.722% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 7 days−0.107%−$11 · spread now +0.022%, 7d avg −0.005%
=The price spread pays, funding is against you. MEXC is 0.027% dearer against Binance than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.005%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BTWUSDT | 0.8223 | 0.1481 | pay 0.0741% / 4h | 55m 54s | $114.6M | $167.0M | 10x |
| Short | MEXC BTW_USDT | 0.8225 | 0.1458 | get 0.0729% / 4h | 55m 54s | $9.9M | $6.1M | 20x |
Binance BTWUSDT
MEXC BTW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$4.86
- Price spread: +0.022% → −0.005%
- $2.66
- Slippage, 4 orders
- −$62.16
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$74.37
- Costs to cover
- 0.722%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; MEXC: live order book, 7 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, 2 min ago | 1.84 bp | 24.8 bp −$25 | 151.6 bp −$1,516 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 7 min ago | 2.49 bp | 9.5 bp −$10 | 27.6 bp −$276 | 213.7 bp −$21.4K | 839.3 bp −$419.7K |
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-USDT | +0.0100% | 4h | 0.8342 | +1.447% | $205K | $759K | 10x | as long as short |
| Gate BTW_USDT | +0.0700% | 4h | 0.8239 | +0.189% | $3.6M | $15.8M | 10x | as long as short |
| Aster BTWUSDT | +0.1286% | 4h | 0.8230 | +0.089% | $2.3M | $2.8M | 5x | as long as short |
| KuCoin BTWUSDTM | +0.1368% | 4h | 0.8235 | +0.145% | $7.6M | $4.7M | 10x | as long as short |
| Bitget BTWUSDT | +0.1424% | 4h | 0.8236 | +0.158% | $26.1M | $13.3M | 5x | as long as short |
| MEXC BTW_USDTshort | +0.1458% | 4h | 0.8225 | +0.022% | $9.9M | $6.1M | 20x | |
| Extended BTW-USD | +0.1480% | 1h | 0.8223 | +0.004% | $39K | $11K | 5x | as long as short |
| Binance BTWUSDTlong | +0.1481% | 4h | 0.8223 | long leg | $114.6M | $167.0M | 10x | |
| edgeX BTWUSDC | +0.1493% | 4h | 0.8099 | −1.507% | $334K | $497K | 10x | as long as short |
| BingX BTW-USDT | +0.1948% | 4h | 0.8226 | +0.034% | — | $4.4M | — | as long as short |
HTX BTW-USDT
Gate BTW_USDT
Aster BTWUSDT
KuCoin BTWUSDTM
Bitget BTWUSDT
Extended BTW-USD
edgeX BTWUSDC
BingX BTW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDT | +0.2005% | 4h | 0.8220 | −0.036% | $15.9M | $38.3M | 10x | as long as short |
Bybit BTWUSDT