Funding you earn now, next payment 22:00 UTC−0.0078%/8h= −8.5% APRpaid last 24h −0.277%
Price spread now: Bybit against Extended+0.540%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
=The price spread pays, funding is against you. Bybit is 0.540% dearer against Extended than usual: you sell high and buy low (spread +0.540% now, against zero (this spread has no 7-day history yet)): +$54 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 23 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BTW-USD | 0.8913 | 0.1872 | pay 0.0234% / 1h | 40m 11s | $42K | $13K | 5x |
| Short | Bybit BTWUSDT | 0.8961 | 0.1794 | get 0.0897% / 4h | 2h 40m | $17.4M | $34.8M | 10x |
Extended BTW-USD
Bybit BTWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$16.31
- Price spread: +0.540% → 0.000%
- $53.95
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $21.64
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Extended: no order-book sample; Bybit: 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 Bybit live order book, 4 min ago | 11.10 bp | 119.2 bp −$119 | 416.1 bp −$4,161 | 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 | −0.645% | $217K | $763K | 10x | as long as short |
| Gate BTW_USDT | +0.0176% | 4h | 0.8963 | +0.555% | $3.9M | $15.0M | 10x | as long as short |
| KuCoin BTWUSDTM | +0.1380% | 4h | 0.8958 | +0.503% | $8.2M | $4.6M | 10x | as long as short |
| Aster BTWUSDT | +0.1456% | 4h | 0.8910 | −0.035% | $2.4M | $2.6M | 5x | as long as short |
| Bitget BTWUSDT | +0.1622% | 4h | 0.8990 | +0.865% | $28.4M | $12.6M | 5x | as long as short |
| BingX BTW-USDT | +0.1780% | 4h | 0.8969 | +0.627% | — | $4.4M | — | as long as short |
| Bybit BTWUSDTshort | +0.1794% | 4h | 0.8961 | +0.540% | $17.4M | $34.8M | 10x | |
| Extended BTW-USDlong | +0.1872% | 1h | 0.8913 | long leg | $42K | $13K | 5x | |
| MEXC BTW_USDT | +0.1872% | 4h | 0.8948 | +0.391% | $11.9M | $5.9M | 20x | as long as short |
| Binance BTWUSDT | +0.1873% | 4h | 0.8937 | +0.264% | $125.1M | $155.9M | 10x | as long as short |
HTX BTW-USDT
Gate BTW_USDT
KuCoin BTWUSDTM
Aster BTWUSDT
Bitget BTWUSDT
BingX BTW-USDT
MEXC BTW_USDT
Binance BTWUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | +0.1888% | 4h | 0.9010 | +1.090% | $371K | $488K | 10x | as long as short |
edgeX BTWUSDC