Funding you earn now, next payment 00:00 UTC−0.1295%/8h= −141.8% APRnext payment −$6.48 per $10,000 · paid last 24h −0.148%
Price spread now: Bitget against BingX+0.179%7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1271.266% of the position
Funding, last 7 days−0.473%−$47 on $10k
+Price spread, last 7 days−0.219%−$22 · spread now +0.179%, 7d avg −0.031%
=The price spread pays, funding is against you. Bitget is 0.210% dearer against BingX than usual: you sell high and buy low (spread +0.179% now, against its 7-day average of −0.031%): +$21 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.473% in total) that is about 3.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.473% in total (about -24.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.48 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 | BingX BTW-USDT | 0.8716 | 0.2905 | pay 0.1453% / 4h | 1h 57m | — | $4.4M | — |
| Short | Bitget BTWUSDT | 0.8732 | 0.1610 | get 0.0805% / 4h | 1h 57m | $27.6M | $12.8M | 5x |
BingX BTW-USDT
Bitget BTWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- −$271.99
- Price spread: +0.179% → −0.031%
- $21.05
- Slippage, 4 orders
- −$104.64
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$377.58
- Costs to cover
- 1.266%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Bitget: live order book, 2 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 BingX live order book, 8 min ago | 3.44 bp | 25.7 bp −$26 | 77.2 bp −$772 | 718.0 bp −$71.8K | doesn't fit |
| Sell Bitget live order book, 2 min ago | 3.72 bp | 33.4 bp −$33 | 148.1 bp −$1,481 | 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-USDT | +0.0100% | 4h | 0.8700 | −0.178% | $213K | $763K | 10x | as long as short |
| Gate BTW_USDT | +0.0606% | 4h | 0.8696 | −0.231% | $3.8M | $15.4M | 10x | as long as short |
| Aster BTWUSDT | +0.1484% | 4h | 0.8692 | −0.270% | $2.4M | $2.6M | 5x | as long as short |
| KuCoin BTWUSDTM | +0.1500% | 4h | 0.8722 | +0.070% | $8.0M | $4.7M | 10x | as long as short |
| Bitget BTWUSDTshort | +0.1610% | 4h | 0.8732 | +0.179% | $27.6M | $12.8M | 5x | |
| Binance BTWUSDT | +0.1797% | 4h | 0.8721 | +0.057% | $121.7M | $160.8M | 10x | as long as short |
| Extended BTW-USD | +0.1800% | 1h | 0.8687 | −0.331% | $41K | $13K | 5x | as long as short |
| MEXC BTW_USDT | +0.1802% | 4h | 0.8692 | −0.275% | $11.2M | $5.9M | 20x | as long as short |
| edgeX BTWUSDC | +0.1804% | 4h | 0.8718 | +0.021% | $359K | $495K | 10x | as long as short |
| BingX BTW-USDTlong | +0.2905% | 4h | 0.8716 | long leg | — | $4.4M | — |
HTX BTW-USDT
Gate BTW_USDT
Aster BTWUSDT
KuCoin BTWUSDTM
Binance BTWUSDT
Extended BTW-USD
MEXC BTW_USDT
edgeX BTWUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDT | +0.3103% | 4h | 0.8708 | −0.091% | $16.2M | $36.5M | 10x | as long as short |
Bybit BTWUSDT