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

BTW

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0620%/8h= +67.9% APRnext payment +$3.10 per $10,000 · paid last 24h +0.286%
Price spread now: Aster against HTX−0.098%7-day average −0.317% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$993as in the Price arb table
costs, in and out, $10k−$1,01510.145% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.353%+$35 on $10k
Price spread, last 4 days (all we have)−0.396%−$40 · spread now −0.098%, 7d avg −0.317%
Together, before fees−0.043%+ Points / potential airdropAster: Stage 5 · farm board−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Aster is 0.219% dearer against HTX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.317%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTW-USDT0.79860.0100pay 0.0050% / 4h2h 00m$206K$784K10x
ShortAster BTWUSDT0.79780.0720get 0.0360% / 4h2h 00m$2.2M$3.3M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against HTX. 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
$130.29
Price spread: −0.098% → −0.317%
$21.91
Slippage, 4 orders
−$994.51
Fee HTX: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$862.3
Costs to cover
10.145%
Break-even
53.3 days
Slippage from HTX: live order book, 48 min ago; Aster: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 48 min ago28.23 bp658.7 bp −$659doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 3 min ago6.32 bp20.8 bp −$21434.0 bp −$4,340doesn't fitdoesn't fit

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-USDTlong+0.0100%4h0.7986long leg$206K$784K10x
KuCoin BTWUSDTM+0.0236%4h0.7979−0.093%$7.1M$5.0M10xas long as short
Aster BTWUSDTshort+0.0720%4h0.7978−0.098%$2.2M$3.3M5x
Bitget BTWUSDT+0.0726%4h0.8002+0.204%$25.1M$15.5M5xas long as short
Extended BTW-USD+0.0992%1h0.7978−0.097%$34K$15K5xas long as short
Binance BTWUSDT+0.0993%4h0.7985−0.013%$110.9M$183.5M10xas long as short
BingX BTW-USDT+0.0994%4h0.7985−0.013%$4.3Mas long as short
edgeX BTWUSDC+0.0995%4h0.7991+0.062%$347K$522K10xas long as short
MEXC BTW_USDT+0.0996%4h0.7981−0.063%$8.8M$6.6M20xas long as short
Bybit BTWUSDT+0.1040%4h0.7973−0.159%$15.2M$42.2M10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BTW_USDT+0.1140%4h0.7977−0.108%$3.3M$18.2M10xas long as short