Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h −0.001%
Price spread now: Binance against Extended+0.212%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.212% dearer against Extended than usual: you sell high and buy low, +$21 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BTW-USD | 0.8964 | 0.1872 | pay 0.0234% / 1h | 39m 25s | $43K | $13K | 5x |
| Short | Binance BTWUSDT | 0.8983 | 0.1868 | get 0.0934% / 4h | 2h 39m | $125.8M | $156.0M | 10x |
Extended BTW-USD
Binance BTWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Extended. 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
- −$0.94
- Price spread: +0.212% → 0.000%
- $21.22
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $5.28
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Extended: no order-book sample; Binance: live order book, 4 min ago. Net counts fees only.
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 Extended no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 4 min ago | 1.28 bp | 24.1 bp −$24 | 159.7 bp −$1,597 | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDT | +0.0100% | 4h | 0.8856 | −1.208% | $217K | $763K | 10x | as long as short |
| Gate BTW_USDT | +0.0126% | 4h | 0.8943 | −0.239% | $3.9M | $15.0M | 10x | as long as short |
| KuCoin BTWUSDTM | +0.1364% | 4h | 0.8962 | −0.019% | $8.2M | $4.6M | 10x | as long as short |
| Aster BTWUSDT | +0.1457% | 4h | 0.8963 | −0.012% | $2.5M | $2.6M | 5x | as long as short |
| Bitget BTWUSDT | +0.1630% | 4h | 0.9013 | +0.544% | $28.5M | $12.6M | 5x | as long as short |
| BingX BTW-USDT | +0.1780% | 4h | 0.8966 | +0.023% | — | $4.4M | — | as long as short |
| Bybit BTWUSDT | +0.1821% | 4h | 0.8996 | +0.354% | $17.5M | $34.8M | 10x | as long as short |
| Binance BTWUSDTshort | +0.1868% | 4h | 0.8983 | +0.212% | $125.8M | $156.0M | 10x | |
| edgeX BTWUSDC | +0.1871% | 4h | 0.8984 | +0.225% | $370K | $487K | 10x | as long as short |
| Extended BTW-USDlong | +0.1872% | 1h | 0.8964 | long leg | $43K | $13K | 5x |
HTX BTW-USDT
Gate BTW_USDT
KuCoin BTWUSDTM
Aster BTWUSDT
Bitget BTWUSDT
BingX BTW-USDT
Bybit BTWUSDT
edgeX BTWUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BTW_USDT | +0.1872% | 4h | 0.8974 | +0.112% | $12.0M | $5.9M | 20x | as long as short |
MEXC BTW_USDT