Funding you earn now, next payment 00:00 UTC+0.0646%/8h= +70.7% APRnext payment +$3.23 per $10,000 · paid last 24h −0.158%
Price spread now: Bitget against Gate+0.053%7-day average +0.171% · you sell dearer than you buy
Net, funding: paid 7d − costs−$241as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1481.475% of the position
Funding, last 7 days−0.933%−$93 on $10k
+Price spread, last 7 days−0.042%−$4 · spread now +0.053%, 7d avg +0.171%
=Funding pays, the price is against you. Bitget is 0.118% cheaper against Gate than usual: you would sell low and buy high (spread +0.053% now, against its 7-day average of +0.171%). If the spread goes back, that is −$12 on $10k: about 15 hours of funding at the current rate (+$19 a day). Mind the row above: over the last 7 days funding on this pair cost −0.933%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BTW_USDT | 0.8143 | 0.0690 | pay 0.0345% / 4h | 37m 39s | $3.5M | $15.9M | 10x |
| Short | Bitget BTWUSDT | 0.8147 | 0.1336 | get 0.0668% / 4h | 37m 39s | $25.8M | $13.4M | 5x |
Gate BTW_USDT
Bitget BTWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- $135.66
- Price spread: +0.053% → +0.171%
- −$11.78
- Slippage, 4 orders
- −$120.52
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$23.64
- Costs to cover
- 1.475%
- Break-even
- 8.2 days
Slippage from Gate: live order book, 1 min ago; Bitget: live order book, 1 min ago.
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 Gate live order book, 1 min ago | 9.68 bp | 39.3 bp −$39 | 69.0 bp −$690 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 7.24 bp | 28.7 bp −$29 | 166.5 bp −$1,665 | doesn't fit | doesn't fit |
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 | 0.8152 | +0.107% | $202K | $767K | 10x | as long as short |
| Gate BTW_USDTlong | +0.0690% | 4h | 0.8143 | long leg | $3.5M | $15.9M | 10x | |
| Aster BTWUSDT | +0.1222% | 4h | 0.8150 | +0.084% | $2.2M | $2.8M | 5x | as long as short |
| KuCoin BTWUSDTM | +0.1322% | 4h | 0.8150 | +0.090% | $7.5M | $4.7M | 10x | as long as short |
| Bitget BTWUSDTshort | +0.1336% | 4h | 0.8147 | +0.053% | $25.8M | $13.4M | 5x | |
| Extended BTW-USD | +0.1392% | 1h | 0.8148 | +0.055% | $39K | $11K | 5x | as long as short |
| Binance BTWUSDT | +0.1392% | 4h | 0.8142 | −0.014% | $113.5M | $167.5M | 10x | as long as short |
| MEXC BTW_USDT | +0.1404% | 4h | 0.8157 | +0.171% | $9.8M | $6.1M | 20x | as long as short |
| edgeX BTWUSDC | +0.1408% | 4h | 0.8185 | +0.518% | $337K | $499K | 10x | as long as short |
| Bybit BTWUSDT | +0.1633% | 4h | 0.8135 | −0.105% | $15.8M | $38.5M | 10x | as long as short |
HTX BTW-USDT
Aster BTWUSDT
KuCoin BTWUSDTM
Extended BTW-USD
Binance BTWUSDT
MEXC BTW_USDT
edgeX BTWUSDC
Bybit BTWUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTW-USDT | +0.1650% | 4h | 0.8149 | +0.072% | — | $4.4M | — | as long as short |
BingX BTW-USDT