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

BTW

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Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0418%/8h= −45.8% APRpaid last 24h −0.218%
Price spread now: Aster against Extended−0.160%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Aster is 0.160% cheaper against Extended than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTW-USD0.90100.1872pay 0.0234% / 1h41m 07s$43K$13K5x
ShortAster BTWUSDT0.89950.1454get 0.0727% / 4h2h 41m$2.5M$2.6M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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
−$87.78
Price spread: −0.160% → 0.000%
−$15.96
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aster: 4 bp × 2 orders
−$8
Net
−$116.74
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Extended: no order-book sample; Aster: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended no order-book sample
Sell Aster live order book, 2 min ago7.71 bp32.7 bp −$33695.2 bp −$6,952doesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX BTW-USDT+0.0100%4h0.8951−0.647%$219K$763K10xas long as short
Gate BTW_USDT+0.0188%4h0.8974−0.397%$3.9M$14.9M10xas long as short
KuCoin BTWUSDTM+0.1394%4h0.8974−0.394%$8.3M$4.6M10xas long as short
Aster BTWUSDTshort+0.1454%4h0.8995−0.160%$2.5M$2.6M5x
Bitget BTWUSDT+0.1622%4h0.90100.000%$28.5M$12.6M5xas long as short
BingX BTW-USDT+0.1780%4h0.8994−0.173%$4.4Mas long as short
Bybit BTWUSDT+0.1828%4h0.8989−0.233%$17.5M$34.8M10xas long as short
MEXC BTW_USDT+0.1870%4h0.8997−0.140%$12.0M$5.9M20xas long as short
Extended BTW-USDlong+0.1872%1h0.9010long leg$43K$13K5x
Binance BTWUSDT+0.1873%4h0.8994−0.173%$125.9M$155.8M10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX BTWUSDC+0.1888%4h0.9010+0.008%$371K$488K10xas long as short