Funding you earn now, next payment 00:00 UTC+0.0278%/8h= +30.4% APRnext payment +$1.39 per $10,000 · paid last 24h +0.297%
Price spread now: MEXC against Bitget+0.098%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$176as in the Price arb table
costs, in and out, $10k−$1861.864% of the position
Funding, last 7 days+1.265%+$126 on $10k
+Price spread, last 7 days−0.007%−$1 · spread now +0.098%, 7d avg −0.002%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and MEXC is 0.100% dearer against Bitget than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BTWUSDT | 0.8373 | 0.1646 | pay 0.0823% / 4h | 2h 55m | $26.5M | $12.0M | 5x |
| Short | MEXC BTW_USDT | 0.8381 | 0.1924 | get 0.0962% / 4h | 2h 55m | $11.5M | $5.7M | 20x |
Bitget BTWUSDT
MEXC BTW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $58.38
- Price spread: +0.098% → −0.002%
- $9.95
- Slippage, 4 orders
- −$174.35
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$118.02
- Costs to cover
- 1.864%
- Break-even
- 21.2 days
Slippage from Bitget: live order book, 4 min ago; MEXC: live order book, 3 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, 4 min ago | 7.05 bp | 27.3 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 26.48 bp | 47.3 bp −$47 | 76.9 bp −$769 | 296.3 bp −$29.6K | 876.3 bp −$438.1K |
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 | 0.8395 | +0.269% | $204K | $758K | 10x | as long as short |
| Gate BTW_USDT | +0.0516% | 4h | 0.8368 | −0.055% | $3.7M | $14.2M | 10x | as long as short |
| Aster BTWUSDT | +0.1276% | 4h | 0.8355 | −0.218% | $2.3M | $2.5M | 5x | as long as short |
| KuCoin BTWUSDTM | +0.1444% | 4h | 0.8366 | −0.081% | $7.6M | $4.4M | 10x | as long as short |
| Bitget BTWUSDTlong | +0.1646% | 4h | 0.8373 | long leg | $26.5M | $12.0M | 5x | |
| Bybit BTWUSDT | +0.1871% | 4h | 0.8354 | −0.227% | $16.7M | $33.4M | 10x | as long as short |
| Binance BTWUSDT | +0.1909% | 4h | 0.8371 | −0.021% | $117.3M | $150.9M | 10x | as long as short |
| Extended BTW-USD | +0.1912% | 1h | 0.8366 | −0.085% | $40K | $13K | 5x | as long as short |
| MEXC BTW_USDTshort | +0.1924% | 4h | 0.8381 | +0.098% | $11.5M | $5.7M | 20x | |
| edgeX BTWUSDC | +0.1929% | 4h | 0.8441 | +0.813% | $348K | $484K | 10x | as long as short |
HTX BTW-USDT
Gate BTW_USDT
Aster BTWUSDT
KuCoin BTWUSDTM
Bybit BTWUSDT
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-USDT | +0.2038% | 4h | 0.8372 | −0.010% | — | $4.3M | — | as long as short |
BingX BTW-USDT