Settings8H · net · $10k
Funding arb · Price arb /

BTW

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.193%
Price spread now: HTX against Bybit+0.542%7-day average +0.262% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,623as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,516as in the Price arb table
costs, in and out, $10k−$1,54415.443% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.782%−$78 on $10k
Price spread, last 4 days (all we have)+0.282%+$28 · spread now +0.542%, 7d avg +0.262%
Together, before fees−0.500%−$50 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.279% dearer against Bybit than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of +0.262%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BTWUSDT0.83470.0100pay 0.0050% / 4h26m 33s$16.2M$41.7M10x
ShortHTX BTW-USDT0.83920.0100get 0.0050% / 4h26m 33s$215K$792K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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

Funding earned
$0
Price spread: +0.542% → +0.262%
$27.93
Slippage, 4 orders
−$1,521.33
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee HTX: 6 bp × 2 orders
−$12
Net
−$1,516.4
Costs to cover
15.443%
Break-even
never at this rate
Slippage from Bybit: live order book, 2 min ago; HTX: live order book, 32 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 2 min ago5.60 bp54.7 bp −$55doesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 32 min ago43.93 bp870.9 bp −$871doesn't fitdoesn't fitdoesn't fit

BTW on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit BTWUSDTlong+0.0100%4h0.8347long leg$16.2M$41.7M10x
Gate BTW_USDT+0.0100%4h0.8335−0.140%$3.5M$17.8M10xas long as short
KuCoin BTWUSDTM+0.0100%4h0.8353+0.074%$7.4M$4.9M10xas long as short
HTX BTW-USDTshort+0.0100%4h0.8392+0.542%$215K$792K10x
Bitget BTWUSDT+0.0606%4h0.8365+0.219%$26.3M$15.1M5xas long as short
Aster BTWUSDT+0.0898%4h0.8338−0.101%$2.3M$3.2M5xas long as short
BingX BTW-USDT+0.0934%4h0.8362+0.182%$4.4Mas long as short
Extended BTW-USD+0.0960%1h0.8358+0.131%$36K$15K5xas long as short
MEXC BTW_USDT+0.0960%4h0.8352+0.062%$9.6M$6.4M20xas long as short
Binance BTWUSDT+0.0961%4h0.8352+0.062%$116.4M$180.8M10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX BTWUSDC+0.0988%4h0.8380+0.398%$345K$505K10xas long as short