Funding you earn now, next payment 00:00 UTC+0.1110%/8h= +121.6% APRnext payment +$5.55 per $10,000 · paid last 24h +0.141%
Price spread now: edgeX against Gate+0.399%7-day average +0.178% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1261.262% of the position
Funding, last 7 days+0.334%+$33 on $10k
+Price spread, last 3 days (all we have)−0.382%−$38 · spread now +0.399%, 7d avg +0.178%
=Together, before fees−0.048%+ Points / potential airdropedgeX: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and edgeX is 0.222% dearer against Gate than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.178%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.334% in total (about 17.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.55 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BTW_USDT | 0.8683 | 0.0694 | pay 0.0347% / 4h | 1h 55m | $3.8M | $15.4M | 10x |
| Short | edgeX BTWUSDC | 0.8718 | 0.1804 | get 0.0902% / 4h | 1h 55m | $359K | $495K | 10x |
Gate BTW_USDT
edgeX BTWUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $233.2
- Price spread: +0.399% → +0.178%
- $22.15
- Slippage, 4 orders
- −$102.24
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $129.11
- Costs to cover
- 1.262%
- Break-even
- 3.1 days
Slippage from Gate: live order book, 3 min ago; edgeX: live order book, 4 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, 3 min ago | 5.98 bp | 45.8 bp −$46 | 82.6 bp −$826 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 4 min ago | 1.95 bp | 9.8 bp −$10 | doesn't fit | 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 | 0.8716 | +0.378% | $213K | $764K | 10x | as long as short |
| Gate BTW_USDTlong | +0.0694% | 4h | 0.8683 | long leg | $3.8M | $15.4M | 10x | |
| Aster BTWUSDT | +0.1492% | 4h | 0.8687 | +0.039% | $2.4M | $2.7M | 5x | as long as short |
| KuCoin BTWUSDTM | +0.1530% | 4h | 0.8710 | +0.312% | $8.0M | $4.7M | 10x | as long as short |
| Bitget BTWUSDT | +0.1628% | 4h | 0.8713 | +0.348% | $27.6M | $12.8M | 5x | as long as short |
| MEXC BTW_USDT | +0.1798% | 4h | 0.8698 | +0.171% | $11.2M | $5.9M | 20x | as long as short |
| Binance BTWUSDT | +0.1800% | 4h | 0.8702 | +0.216% | $121.5M | $160.9M | 10x | as long as short |
| Extended BTW-USD | +0.1800% | 1h | 0.8695 | +0.132% | $41K | $13K | 5x | as long as short |
| edgeX BTWUSDCshort | +0.1804% | 4h | 0.8718 | +0.399% | $359K | $495K | 10x | |
| BingX BTW-USDT | +0.2918% | 4h | 0.8698 | +0.171% | — | $4.4M | — | as long as short |
HTX BTW-USDT
Aster BTWUSDT
KuCoin BTWUSDTM
Bitget BTWUSDT
MEXC BTW_USDT
Binance BTWUSDT
Extended BTW-USD
BingX BTW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDT | +0.3183% | 4h | 0.8698 | +0.173% | $16.1M | $36.5M | 10x | as long as short |
Bybit BTWUSDT