Funding you earn now, next payment 04:00 UTC−0.0516%/8h= −56.5% APRnext payment −$2.58 per $10,000 · paid last 24h +0.126%
Price spread now: Gate against Bitget−1.033%7-day average −0.178% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$1561.561% of the position
Funding, last 7 days+0.897%+$90 on $10k
+Price spread, last 7 days+1.100%+$110 · spread now −1.033%, 7d avg −0.178%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Gate is 0.855% cheaper against Bitget than usual: you would sell low and buy high (−$85 if the spread goes back to its 7-day average of −0.178%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.897%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BTWUSDT | 0.7654 | 0.0616 | pay 0.0308% / 4h | 2h 18m | $24.1M | $13.7M | 5x |
| Short | Gate BTW_USDT | 0.7575 | 0.0100 | get 0.0050% / 4h | 2h 18m | $3.2M | $16.4M | 10x |
Bitget BTWUSDT
Gate BTW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$108.36
- Price spread: −1.033% → −0.178%
- −$85.49
- Slippage, 4 orders
- −$129.09
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$349.93
- Costs to cover
- 1.561%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 5 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, 5 min ago | 6.18 bp | 34.7 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 11.55 bp | 45.4 bp −$45 | 76.0 bp −$760 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate BTW_USDTshort | +0.0100% | 4h | 0.7575 | −1.033% | $3.2M | $16.4M | 10x | |
| HTX BTW-USDT | +0.0100% | 4h | 0.7510 | −1.880% | $186K | $742K | 10x | as long as short |
| KuCoin BTWUSDTM | +0.0254% | 4h | 0.7622 | −0.407% | $6.9M | $4.8M | 10x | as long as short |
| Bitget BTWUSDTlong | +0.0616% | 4h | 0.7654 | long leg | $24.1M | $13.7M | 5x | |
| Aster BTWUSDT | +0.0634% | 4h | 0.7566 | −1.142% | $2.1M | $3.0M | 5x | as long as short |
| Bybit BTWUSDT | +0.0766% | 4h | 0.7619 | −0.447% | $14.5M | $39.4M | 10x | as long as short |
| BingX BTW-USDT | +0.0796% | 4h | 0.7621 | −0.426% | — | $4.3M | — | as long as short |
| MEXC BTW_USDT | +0.0838% | 4h | 0.7635 | −0.243% | $9.0M | $6.2M | 20x | as long as short |
| edgeX BTWUSDC | +0.0842% | 4h | 0.7510 | −1.873% | $309K | $501K | 10x | as long as short |
| Binance BTWUSDT | +0.0846% | 4h | 0.7623 | −0.394% | $106.0M | $170.4M | 10x | as long as short |
HTX BTW-USDT
KuCoin BTWUSDTM
Aster BTWUSDT
Bybit BTWUSDT
BingX BTW-USDT
MEXC BTW_USDT
edgeX BTWUSDC
Binance BTWUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BTW-USD | +0.0848% | 1h | 0.7621 | −0.422% | $33K | $15K | 5x | as long as short |
Extended BTW-USD