BTW

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	edgeXBTWUSDC	1.1445	+0.0100	pay 0.0050% / 4h	2h 10m	$236K	$501K	10x	Long edgeX
SHORT	KuCoinBTWUSDTM	1.1532	+0.0540	get 0.0270% / 4h	2h 10m	$3.0M	$2.1M	10x	Short KuCoin

Price gap+0.760%93s

Funding gap+0.0440% /8h

Both sides work: funding pays +$13 a day on $10k, and the gap is 0.438% above its 7d average: +$44 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$38+0.0440% /8h now · paid +0.380% over the last 7D

Price—spread +0.760%93s now · prices read too far apart to compare

Costs−$1681.676% of $10k · taker + slippage, in and out

Result—+ Points / potential airdropedgeX: points · farm boardneeds both prices read together

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.760%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

BTW on 12 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

Watch: Thin at this size19.9 / 61.3 bp
At $10k entering KuCoin costs 61.3 bp, fee and slippage, 3.1× edgeX’s.
Note: Margin at max leverage$1,000 + $1,000
edgeX 10x, KuCoin 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval4h / 4h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$13.20Long edgeX: 6 payments, −$3.00; short KuCoin: 6 payments, +$16.20.
Watch: Prices read 93 s apart+0.760% vs +0.322%
Part of this gap may be the market moving.
Watch: Long leg is thinner$236K vs $3.0M OI
edgeX sets your exit cost. Check its book before closing.
OK: Points on a legedgeX points
Volume here counts toward the points program.
Watch: KYCedgeX No · KuCoin Yes
Standard KYC (ID and face check) for any product since Aug 2023.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0181%/8h × 21 periods+$37.99

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$146.55

Fee edgeX bp × 2 orders−$9.00

Fee KuCoin bp × 2 orders−$12.00

Net · 7 days · $10k−$129.57

price spread not counted: prices read too far apart

Costs to cover1.676%Break-even30.9 days

Slippage: edgeX: live order book, 46 min ago; KuCoin: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGedgeX3.1319.9 bp−$20doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTKuCoin15.1461.3 bp−$61doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

BTW news

posts that mention BTW, from every exchange

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BTW