Funding you earn now, next payment 00:00 UTC−0.0157%/8h= −17.1% APRpaid last 24h +0.302%
Price spread now: Extended against Bybit+0.105%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Extended is 0.105% dearer against Bybit than usual: you sell high and buy low (spread +0.105% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BTWUSDT | 0.8072 | 0.1469 | pay 0.0734% / 4h | 29m 52s | $15.7M | $38.7M | 10x |
| Short | Extended BTW-USD | 0.8081 | 0.1312 | get 0.0164% / 1h | 29m 52s | $39K | $11K | 5x |
Bybit BTWUSDT
Extended BTW-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Bybit. 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
- −$32.88
- Price spread: +0.105% → 0.000%
- $10.52
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$38.36
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Bybit: live order book, 4 min ago; Extended: no order-book sample. Net counts fees only.
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 Bybit live order book, 4 min ago | 3.03 bp | 67.4 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell Extended no order-book sample | — | — | — | — | — |
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.8114 | +0.524% | $201K | $759K | 10x | as long as short |
| Gate BTW_USDT | +0.0584% | 4h | 0.8073 | +0.005% | $3.5M | $15.9M | 10x | as long as short |
| Aster BTWUSDT | +0.1168% | 4h | 0.8081 | +0.109% | $2.2M | $2.9M | 5x | as long as short |
| KuCoin BTWUSDTM | +0.1246% | 4h | 0.8074 | +0.018% | $7.5M | $4.8M | 10x | as long as short |
| Bitget BTWUSDT | +0.1290% | 4h | 0.8099 | +0.339% | $25.6M | $13.4M | 5x | as long as short |
| MEXC BTW_USDT | +0.1310% | 4h | 0.8085 | +0.160% | $9.7M | $6.1M | 20x | as long as short |
| Binance BTWUSDT | +0.1312% | 4h | 0.8086 | +0.171% | $112.7M | $167.8M | 10x | as long as short |
| Extended BTW-USDshort | +0.1312% | 1h | 0.8081 | +0.105% | $39K | $11K | 5x | |
| edgeX BTWUSDC | +0.1355% | 4h | 0.8092 | +0.252% | $333K | $500K | 10x | as long as short |
| Bybit BTWUSDTlong | +0.1469% | 4h | 0.8072 | long leg | $15.7M | $38.7M | 10x |
HTX BTW-USDT
Gate BTW_USDT
Aster BTWUSDT
KuCoin BTWUSDTM
Bitget BTWUSDT
MEXC BTW_USDT
Binance BTWUSDT
edgeX BTWUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTW-USDT | +0.1504% | 4h | 0.8084 | +0.147% | — | $4.4M | — | as long as short |
BingX BTW-USDT