Funding you earn now, next payment 06:00 UTC+0.0360%/8h= +39.4% APRpaid last 24h −0.174%
Price spread now: Gate against Extended−0.145%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Gate is 0.145% cheaper against Extended than usual: you would sell low and buy high (spread −0.145% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 32 hours of funding at the current rate (+$11 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BTW-USD | 0.8240 | 0.1040 | pay 0.0130% / 1h | 43m 25s | $35K | $15K | 5x |
| Short | Gate BTW_USDT | 0.8228 | 0.1400 | get 0.0700% / 4h | 2h 43m | $3.4M | $17.8M | 10x |
Extended BTW-USD
Gate BTW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $75.6
- Price spread: −0.145% → 0.000%
- −$14.51
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $41.09
- Costs to cover
- 0.200%
- Break-even
- 3.2 days
Slippage unknown: Extended: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago | 12.69 bp | 40.5 bp −$41 | 72.5 bp −$725 | 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 | 0.8259 | +0.227% | $213K | $796K | 10x | as long as short |
| KuCoin BTWUSDTM | +0.0170% | 4h | 0.8235 | −0.062% | $7.3M | $4.9M | 10x | as long as short |
| Bybit BTWUSDT | +0.0587% | 4h | 0.8233 | −0.088% | $15.9M | $41.4M | 10x | as long as short |
| Bitget BTWUSDT | +0.0702% | 4h | 0.8251 | +0.126% | $25.9M | $15.1M | 5x | as long as short |
| Aster BTWUSDT | +0.0737% | 4h | 0.8235 | −0.069% | $2.3M | $3.2M | 5x | as long as short |
| BingX BTW-USDT | +0.0992% | 4h | 0.8242 | +0.021% | — | $4.3M | — | as long as short |
| Binance BTWUSDT | +0.1036% | 4h | 0.8241 | +0.009% | $114.9M | $181.2M | 10x | as long as short |
| Extended BTW-USDlong | +0.1040% | 1h | 0.8240 | long leg | $35K | $15K | 5x | |
| MEXC BTW_USDT | +0.1042% | 4h | 0.8243 | +0.033% | $9.4M | $6.5M | 20x | as long as short |
| edgeX BTWUSDC | +0.1044% | 4h | 0.8259 | +0.227% | $340K | $503K | 10x | as long as short |
HTX BTW-USDT
KuCoin BTWUSDTM
Bybit BTWUSDT
Bitget BTWUSDT
Aster BTWUSDT
BingX BTW-USDT
Binance BTWUSDT
MEXC BTW_USDT
edgeX BTWUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate BTW_USDTshort | +0.1400% | 4h | 0.8228 | −0.145% | $3.4M | $17.8M | 10x |