BTW

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0490%/8h= −53.7% APRnext payment −$2.45 per $10,000 · paid last 24h −0.176%

Price spread now: HTX against Bitget+0.372%7-day average +0.146% · you sell dearer than you buy

Net, funding: paid 7d − costs−$710as in the Funding arb table

Net, price: spread back to 7d avg − costs−$663as in the Price arb table

costs, in and out, $10k−$6856.851% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.244%−$24 on $10k

Price spread, last 3 days (all we have)−0.037%−$4 · spread now +0.372%, 7d avg +0.146%

Together, before fees−0.281%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.225% dearer against Bitget than usual: you sell high and buy low (spread +0.372% now, against its 7-day average of +0.146%): +$23 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.244% in total) that is about 6.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.244% in total (about -12.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.45 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	Bitget BTWUSDT	0.7457	0.0590	pay 0.0295% / 4h	2h 05m	$23.5M	$13.7M	5x
Short	HTX BTW-USDT	0.7485	0.0100	get 0.0050% / 4h	2h 05m	$185K	$743K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee HTXbpOrdersPrice spread, now +0.372%Rate

Funding earned: −$102.9
Price spread: +0.372% → +0.146%: $22.55
Slippage, 4 orders: −$661.14
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$765.49
Costs to cover: 6.851%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; HTX: live order book, 63 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	0.42 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 63 min ago	29.49 bp	309.1 bp −$309	doesn't fit	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_USDT	+0.0100%	4h	0.7456	−0.020%	$3.1M	$16.5M	10x	as long as short
HTX BTW-USDTshort	+0.0100%	4h	0.7485	+0.372%	$185K	$743K	10x
KuCoin BTWUSDTM	+0.0188%	4h	0.7446	−0.151%	$6.8M	$4.8M	10x	as long as short
Bitget BTWUSDTlong	+0.0590%	4h	0.7457	long leg	$23.5M	$13.7M	5x
Aster BTWUSDT	+0.0704%	4h	0.7455	−0.025%	$2.0M	$3.0M	5x	as long as short
Bybit BTWUSDT	+0.0734%	4h	0.7446	−0.156%	$14.1M	$39.4M	10x	as long as short
BingX BTW-USDT	+0.0834%	4h	0.7471	+0.185%	—	$4.3M	—	as long as short
Binance BTWUSDT	+0.0856%	4h	0.7460	+0.039%	$103.7M	$171.0M	10x	as long as short
Extended BTW-USD	+0.0856%	1h	0.7454	−0.048%	$32K	$15K	5x	as long as short
MEXC BTW_USDT	+0.0872%	4h	0.7458	+0.010%	$8.8M	$6.3M	20x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX BTWUSDC	+0.0877%	4h	0.7658	+2.698%	$316K	$500K	10x	as long as short