Funding arb · Price arb / Crypto

BTW

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LONGExtended▾edgeX −1.3475%Aster −1.3462%Extended −1.3280%MEXC −1.3276%Binance −1.3208%Bitget −1.3158%KuCoin −1.2504%HTX −1.1445%Gate −1.1312%Bybit −0.8769%BingX −0.6346%

⇄⇅

SHORTOKX▾BingX −0.6346%Bybit −0.8769%OKX −1.0152%Gate −1.1312%HTX −1.1445%KuCoin −1.2504%Bitget −1.3158%Binance −1.3208%MEXC −1.3276%Aster −1.3462%edgeX −1.3475%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ExtendedBTW-USD	1.6066	−1.3280	get 0.1660% / 1h	51m 44s	$79K	$949K	5x	Long Extended10% off
SHORT	OKXBTW-USDT-SWAP	1.6083	−1.0152	pay 0.1269% / 1h	51m 44s	$1.3M	$15.3M	20x	Short OKX

Price gap+0.106%

Funding gap+0.3128% /8h

Both sides work: funding pays +$94 a day on $10k, and the gap is 0.215% above its 7d average: +$21 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid −1.147% in total, about −0.1018%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.106%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

ExtendedOKX

BTW on 12 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

• !
  Watch: Thin at this size54.3 / 35.4 bp

  At $10k entering Extended costs 54.3 bp, fee and slippage, 1.5× OKX’s.
• i
  Note: Margin at max leverage$2,000 + $500

  Extended 5x, OKX 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Extended · 1h+$398.40

  Short OKX · 1h−$304.55

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$93.85Long Extended: 24 payments, +$398.40; short OKX: 24 payments, −$304.55.
• ✓
  OK: Entry gap works for you+0.106% vs −0.109%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Long leg is thinner$79K vs $1.3M OI

  Extended sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legExtended points

  Volume here counts toward the points program.
• !
  Watch: KYCExtended No · OKX Yes

  Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.1018%/8h × 21 periods−$213.77

Price spread+0.106% → −0.109% (7d avg)+$21.48

Slippage, 4 orderslive order books−$164.18

Fee Extended bp × 2 orders−$5.00

Fee OKX bp × 2 orders−$10.00

Net · 7 days · $10k−$371.47

Costs to cover1.792%Break-evennever at this rate

Slippage: Extended: live order book, 56 min ago; OKX: live order book, 1 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGExtended41.9954.3 bp−$54132.6 bp−$1,326doesn’t fitdoesn’t fit

SELL · SHORTOKX0.9435.4 bp−$35doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

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BTW news

posts that mention BTW, from every exchangeSearch all news →

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