Funding you earn now, next payment 04:00 UTC−0.0994%/8h= −108.8% APRnext payment −$4.97 per $10,000 · paid last 24h −0.296%
Price spread now: HTX against BingX−1.999%7-day average +0.123% · you buy dearer than you sell
Net, funding: paid 7d − costs−$918as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,058as in the Price arb table
costs, in and out, $10k−$8468.459% of the position
Funding, last 7 days−0.717%−$72 on $10k
+Price spread, last 3 days (all we have)+2.479%+$248 · spread now −1.999%, 7d avg +0.123%
=Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and HTX is 2.122% cheaper against BingX than usual: you would sell low and buy high (−$212 if the spread goes back to its 7-day average of +0.123%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX BTW-USDT | 0.8031 | 0.1094 | pay 0.0547% / 4h | 3h 39m | — | $4.4M | — |
| Short | HTX BTW-USDT | 0.7871 | 0.0100 | get 0.0050% / 4h | 3h 39m | $196K | $746K | 10x |
BingX BTW-USDT
HTX BTW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$208.74
- Price spread: −1.999% → +0.123%
- −$212.16
- Slippage, 4 orders
- −$823.85
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$1,266.75
- Costs to cover
- 8.459%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; HTX: live order book, 34 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, 6 min ago | 7.01 bp | 31.1 bp −$31 | 124.8 bp −$1,248 | 698.4 bp −$69.8K | doesn't fit |
| Sell HTX live order book, 34 min ago | 34.74 bp | 334.3 bp −$334 | 1881.0 bp −$18.8K | 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 | 0.7871 | −1.999% | $196K | $746K | 10x | |
| Gate BTW_USDT | +0.0366% | 4h | 0.7957 | −0.927% | $3.4M | $16.1M | 10x | as long as short |
| Bybit BTWUSDT | +0.0678% | 4h | 0.7963 | −0.843% | $15.6M | $38.6M | 10x | as long as short |
| KuCoin BTWUSDTM | +0.0862% | 4h | 0.7978 | −0.663% | $7.3M | $4.8M | 10x | as long as short |
| Bitget BTWUSDT | +0.1000% | 4h | 0.7965 | −0.827% | $25.1M | $13.6M | 5x | as long as short |
| Aster BTWUSDT | +0.1027% | 4h | 0.7906 | −1.558% | $2.2M | $2.9M | 5x | as long as short |
| MEXC BTW_USDT | +0.1044% | 4h | 0.7989 | −0.523% | $9.5M | $6.2M | 20x | as long as short |
| Binance BTWUSDT | +0.1045% | 4h | 0.7993 | −0.476% | $111.3M | $168.7M | 10x | as long as short |
| Extended BTW-USD | +0.1048% | 1h | 0.7968 | −0.780% | $38K | $11K | 5x | as long as short |
| edgeX BTWUSDC | +0.1054% | 4h | 0.7838 | −2.400% | $323K | $499K | 10x | as long as short |
Gate BTW_USDT
Bybit BTWUSDT
KuCoin BTWUSDTM
Bitget BTWUSDT
Aster BTWUSDT
MEXC BTW_USDT
Binance BTWUSDT
Extended BTW-USD
edgeX BTWUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTW-USDTlong | +0.1094% | 4h | 0.8031 | long leg | — | $4.4M | — |