Funding you earn now, next payment 04:00 UTC−0.0707%/8h= −77.4% APRnext payment −$3.53 per $10,000 · paid last 24h −0.144%
Price spread now: Gate against edgeX+0.640%67s7-day average −0.173% · you sell dearer than you buy
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1251.248% of the position
Funding, last 7 days−0.346%−$35 on $10k
+Price spread, last 4 days (all we have)−0.616%−$62 · spread now +0.640%, 7d avg −0.173%
=Together, before fees−0.962%+ Points / potential airdropedgeX: Active · farm board−$96 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.813% dearer against edgeX than usual: you sell high and buy low (spread +0.640% now, against its 7-day average of −0.173%): +$81 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 3.8 days. At the pace of the last 7 days (−0.346% in total) that is about 16 days. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.346% in total (about -18.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.53 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 | edgeX BTWUSDC | 0.7217 | 0.0806 | pay 0.0403% / 4h | 1h 44m | $297K | $502K | 10x |
| Short | Gate BTW_USDT | 0.7263 | 0.0100 | get 0.0050% / 4h | 1h 44m | $3.0M | $16.6M | 10x |
edgeX BTWUSDC
Gate BTW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against edgeX. 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
- −$148.37
- Price spread: +0.640% → −0.173%
- $81.29
- Slippage, 4 orders
- −$100.84
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$191.92
- Costs to cover
- 1.248%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 60 min ago; Gate: live order book, 5 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 edgeX live order book, 60 min ago | 2.56 bp | 11.6 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 12.26 bp | 48.3 bp −$48 | 87.5 bp −$875 | 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_USDTshort | +0.0100% | 4h | 0.7263 | +0.640% | $3.0M | $16.6M | 10x | |
| KuCoin BTWUSDTM | +0.0100% | 4h | 0.7278 | +0.857% | $6.6M | $4.8M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.7305 | +1.232% | $187K | $793K | 10x | as long as short |
| Bitget BTWUSDT | +0.0530% | 4h | 0.7331 | +1.583% | $23.1M | $13.9M | 5x | as long as short |
| Bybit BTWUSDT | +0.0562% | 4h | 0.7284 | +0.935% | $14.3M | $40.2M | 10x | as long as short |
| Aster BTWUSDT | +0.0620% | 4h | 0.7298 | +1.131% | $2.0M | $3.1M | 5x | as long as short |
| BingX BTW-USDT | +0.0766% | 4h | 0.7309 | +1.282% | — | $4.3M | — | as long as short |
| Extended BTW-USD | +0.0792% | 1h | 0.7299 | +1.144% | $31K | $15K | 5x | as long as short |
| MEXC BTW_USDT | +0.0792% | 4h | 0.7307 | +1.254% | $8.6M | $6.3M | 20x | as long as short |
| Binance BTWUSDT | +0.0792% | 4h | 0.7297 | +1.115% | $101.5M | $172.8M | 10x | as long as short |
KuCoin BTWUSDTM
HTX BTW-USDT
Bitget BTWUSDT
Bybit BTWUSDT
Aster BTWUSDT
BingX BTW-USDT
Extended BTW-USD
MEXC BTW_USDT
Binance BTWUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDClong | +0.0806% | 4h | 0.7217 | long leg | $297K | $502K | 10x |