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

BTW

all BTW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0908%/8h= −99.4% APRpaid last 24h −0.459%
Price spread now: HTX against Extended+0.422%7-day average · you sell dearer than you buy
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 6 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 · farm boardneeds both histories
The price spread pays, funding is against you. HTX is 0.422% dearer against Extended than usual: you sell high and buy low (spread +0.422% now, against zero (this spread has no 7-day history yet)): +$42 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 37 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTW-USD0.81480.1008pay 0.0126% / 1h55m 05s$35K$15K5x
ShortHTX BTW-USDT0.81820.0100get 0.0050% / 4h2h 55m$210K$793K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
−$190.68
Price spread: +0.422% → 0.000%
$42.23
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee HTX: 6 bp × 2 orders
−$12
Net
−$165.45
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Extended: no order-book sample; HTX: live order book, 59 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 HTX live order book, 59 min ago32.21 bp287.6 bp −$288doesn't fitdoesn'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-USDTshort+0.0100%4h0.8182+0.422%$210K$793K10x
KuCoin BTWUSDTM+0.0160%4h0.8151+0.036%$7.2M$4.9M10xas long as short
Bybit BTWUSDT+0.0663%4h0.8148−0.001%$15.8M$41.4M10xas long as short
Bitget BTWUSDT+0.0694%4h0.8174+0.320%$25.7M$15.2M5xas long as short
Aster BTWUSDT+0.0709%4h0.8148+0.003%$2.2M$3.2M5xas long as short
BingX BTW-USDT+0.0970%4h0.8169+0.257%$4.4Mas long as short
Binance BTWUSDT+0.1007%4h0.8160+0.148%$113.7M$181.1M10xas long as short
Extended BTW-USDlong+0.1008%1h0.8148long leg$35K$15K5x
MEXC BTW_USDT+0.1010%4h0.8157+0.110%$9.3M$6.4M20xas long as short
edgeX BTWUSDC+0.1022%4h0.8181+0.408%$337K$501K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BTW_USDT+0.1300%4h0.8139−0.106%$3.4M$17.8M10xas long as short