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

BTW

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0109%/8h= +12.0% APRnext payment +$0.55 per $10,000 · paid last 24h −0.152%
Price spread now: BingX against edgeX−1.278%55s7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$221as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1421.418% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.794%−$79 on $10k
Price spread, last 3 days (all we have)+1.125%+$113 · spread now −1.278%, 7d avg +0.022%
Together, before fees+0.331%+ Points / potential airdropedgeX: Active · farm board+$33 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 1.300% cheaper against edgeX than usual: you would sell low and buy high (spread −1.278% now, against its 7-day average of +0.022%). If the spread goes back, that is −$130 on $10k: about 40 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.794%, so the current rate has only just turned in your favour. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX BTWUSDC0.84410.1929pay 0.0964% / 4h2h 54m$348K$484K10x
ShortBingX BTW-USDT0.83330.2038get 0.1019% / 4h2h 54m$4.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against edgeX. 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
$22.97
Price spread: −1.278% → +0.022%
−$129.97
Slippage, 4 orders
−$122.85
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$248.85
Costs to cover
1.418%
Break-even
82.8 days
Slippage from edgeX: live order book, 9 min ago; BingX: live order book, 11 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 edgeX live order book, 9 min ago28.78 bp40.3 bp −$40doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 11 min ago8.46 bp26.5 bp −$27145.8 bp −$1,458714.4 bp −$71.4Kdoesn'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
HTX BTW-USDT+0.0100%4h0.8395−0.539%$204K$758K10xas long as short
Gate BTW_USDT+0.0284%4h0.8299−1.680%$3.7M$14.3M10xas long as short
Aster BTWUSDT+0.1252%4h0.8330−1.316%$2.3M$2.5M5xas long as short
KuCoin BTWUSDTM+0.1430%4h0.8314−1.504%$7.5M$4.4M10xas long as short
Bitget BTWUSDT+0.1638%4h0.8314−1.499%$26.3M$12.0M5xas long as short
Bybit BTWUSDT+0.1784%4h0.8316−1.479%$16.6M$33.5M10xas long as short
Binance BTWUSDT+0.1888%4h0.8319−1.449%$116.6M$151.0M10xas long as short
MEXC BTW_USDT+0.1908%4h0.8323−1.396%$11.4M$5.7M20xas long as short
Extended BTW-USD+0.1912%1h0.8316−1.477%$40K$13K5xas long as short
edgeX BTWUSDClong+0.1929%4h0.8441long leg$348K$484K10x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTW-USDTshort+0.2038%4h0.8333−1.278%$4.3M