Funding you earn now, next payment 00:00 UTC−0.0600%/8h= −65.7% APRnext payment −$3.00 per $10,000 · paid last 24h −0.284%
Price spread now: HTX against Gate+1.008%7-day average +0.341% · you sell dearer than you buy
Net, funding: paid 7d − costs−$948as in the Funding arb table
Net, price: spread back to 7d avg − costs−$768as in the Price arb table
costs, in and out, $10k−$8358.348% of the position
Funding, last 7 days−1.128%−$113 on $10k
+Price spread, last 3 days (all we have)−0.239%−$24 · spread now +1.008%, 7d avg +0.341%
=The price spread pays, funding is against you. HTX is 0.667% dearer against Gate than usual: you sell high and buy low (spread +1.008% now, against its 7-day average of +0.341%): +$67 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 3.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BTW_USDT | 0.8259 | 0.0700 | pay 0.0350% / 4h | 56m 01s | $3.6M | $15.8M | 10x |
| Short | HTX BTW-USDT | 0.8342 | 0.0100 | get 0.0050% / 4h | 56m 01s | $205K | $759K | 10x |
Gate BTW_USDT
HTX BTW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$126
- Price spread: +1.008% → +0.341%
- $66.68
- Slippage, 4 orders
- −$807.79
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$894.11
- Costs to cover
- 8.348%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; HTX: live order book, 23 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 | 9.73 bp | 46.3 bp −$46 | 96.7 bp −$967 | doesn't fit | doesn't fit |
| Sell HTX live order book, 23 min ago | 52.72 bp | 328.1 bp −$328 | 2105.9 bp −$21.1K | 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-USDTshort | +0.0100% | 4h | 0.8342 | +1.008% | $205K | $759K | 10x | |
| Gate BTW_USDTlong | +0.0700% | 4h | 0.8259 | long leg | $3.6M | $15.8M | 10x | |
| Aster BTWUSDT | +0.1286% | 4h | 0.8250 | −0.106% | $2.3M | $2.8M | 5x | as long as short |
| KuCoin BTWUSDTM | +0.1368% | 4h | 0.8260 | +0.008% | $7.6M | $4.7M | 10x | as long as short |
| Bitget BTWUSDT | +0.1424% | 4h | 0.8227 | −0.384% | $26.0M | $13.3M | 5x | as long as short |
| MEXC BTW_USDT | +0.1458% | 4h | 0.8243 | −0.193% | $9.9M | $6.1M | 20x | as long as short |
| Extended BTW-USD | +0.1480% | 1h | 0.8223 | −0.430% | $39K | $11K | 5x | as long as short |
| Binance BTWUSDT | +0.1481% | 4h | 0.8224 | −0.423% | $114.6M | $166.9M | 10x | as long as short |
| edgeX BTWUSDC | +0.1493% | 4h | 0.8099 | −1.933% | $334K | $497K | 10x | as long as short |
| BingX BTW-USDT | +0.1948% | 4h | 0.8227 | −0.387% | — | $4.4M | — | as long as short |
Aster BTWUSDT
KuCoin BTWUSDTM
Bitget BTWUSDT
MEXC BTW_USDT
Extended BTW-USD
Binance BTWUSDT
edgeX BTWUSDC
BingX BTW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDT | +0.2005% | 4h | 0.8223 | −0.437% | $15.9M | $38.3M | 10x | as long as short |
Bybit BTWUSDT