Funding you earn now, next payment 00:00 UTC+0.0117%/8h= +12.8% APRnext payment +$0.58 per $10,000 · paid last 24h +0.297%
Price spread now: Binance against Bitget+0.008%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs+$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1101.101% of the position
Funding, last 7 days+1.263%+$126 on $10k
+Price spread, last 7 days+0.060%+$6 · spread now +0.008%, 7d avg −0.009%
=The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BTWUSDT | 0.8343 | 0.1524 | pay 0.0762% / 4h | 1h 15m | $26.4M | $13.3M | 5x |
| Short | Binance BTWUSDT | 0.8343 | 0.1641 | get 0.0820% / 4h | 1h 15m | $116.2M | $166.0M | 10x |
Bitget BTWUSDT
Binance BTWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $24.54
- Price spread: +0.008% → −0.009%
- $1.7
- Slippage, 4 orders
- −$88.06
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$83.82
- Costs to cover
- 1.101%
- Break-even
- 30.9 days
Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 13 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 Bitget live order book, 3 min ago | 8.98 bp | 32.8 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 2.43 bp | 22.1 bp −$22 | 137.0 bp −$1,370 | 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 | 0.8222 | −1.447% | $202K | $765K | 10x | as long as short |
| Gate BTW_USDT | +0.0766% | 4h | 0.8330 | −0.149% | $3.7M | $15.9M | 10x | as long as short |
| Aster BTWUSDT | +0.1361% | 4h | 0.8341 | −0.022% | $2.3M | $2.8M | 5x | as long as short |
| KuCoin BTWUSDTM | +0.1426% | 4h | 0.8327 | −0.184% | $7.7M | $4.7M | 10x | as long as short |
| Bitget BTWUSDTlong | +0.1524% | 4h | 0.8343 | long leg | $26.4M | $13.3M | 5x | |
| Extended BTW-USD | +0.1640% | 1h | 0.8326 | −0.198% | $40K | $11K | 5x | as long as short |
| MEXC BTW_USDT | +0.1640% | 4h | 0.8333 | −0.117% | $10.2M | $6.1M | 20x | as long as short |
| Binance BTWUSDTshort | +0.1641% | 4h | 0.8343 | +0.008% | $116.2M | $166.0M | 10x | |
| edgeX BTWUSDC | +0.1677% | 4h | 0.8245 | −1.175% | $340K | $500K | 10x | as long as short |
| BingX BTW-USDT | +0.2286% | 4h | 0.8342 | −0.009% | — | $4.4M | — | as long as short |
HTX BTW-USDT
Gate BTW_USDT
Aster BTWUSDT
KuCoin BTWUSDTM
Extended BTW-USD
MEXC BTW_USDT
edgeX BTWUSDC
BingX BTW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDT | +0.2375% | 4h | 0.8339 | −0.039% | $15.8M | $37.9M | 10x | as long as short |
Bybit BTWUSDT