Funding you earn now, next payment 00:00 UTC+0.2500%/8h= +273.8% APRnext payment +$12.50 per $10,000 · paid last 24h +0.274%
Price spread now: BingX against HTX+0.730%7-day average −0.131% · you sell dearer than you buy
Net, funding: paid 7d − costs−$650as in the Funding arb table
Net, price: spread back to 7d avg − costs−$630as in the Price arb table
costs, in and out, $10k−$7167.164% of the position
Funding, last 7 days+0.667%+$67 on $10k
+Price spread, last 3 days (all we have)−1.590%−$159 · spread now +0.730%, 7d avg −0.131%
=Both sides work for this trade now. Funding pays +$75 a day on $10k at the current rate, and BingX is 0.861% dearer against HTX than usual: you sell high and buy low: +$86 more if the spread goes back to its 7-day average of −0.131%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.667% in total (about 34.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$12.50 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 | HTX BTW-USDT | 0.8696 | 0.0100 | pay 0.0050% / 4h | 2h 15m | $213K | $766K | 10x |
| Short | BingX BTW-USDT | 0.8759 | 0.2600 | get 0.1300% / 4h | 2h 15m | — | $4.4M | — |
HTX BTW-USDT
BingX BTW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against HTX. 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
- $525
- Price spread: +0.730% → −0.131%
- $86.14
- Slippage, 4 orders
- −$694.37
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$105.23
- Costs to cover
- 7.164%
- Break-even
- 8.4 days
Slippage from HTX: live order book, 9 min ago; BingX: live order book, 15 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 HTX live order book, 9 min ago | 63.90 bp | 308.9 bp −$309 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 15 min ago | 5.00 bp | 18.1 bp −$18 | 108.0 bp −$1,080 | 677.0 bp −$67.7K | 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-USDTlong | +0.0100% | 4h | 0.8696 | long leg | $213K | $766K | 10x | |
| Gate BTW_USDT | +0.0222% | 4h | 0.8717 | +0.243% | $3.9M | $15.5M | 10x | as long as short |
| KuCoin BTWUSDTM | +0.1368% | 4h | 0.8721 | +0.288% | $8.0M | $4.7M | 10x | as long as short |
| Aster BTWUSDT | +0.1420% | 4h | 0.8735 | +0.454% | $2.4M | $2.6M | 5x | as long as short |
| Bitget BTWUSDT | +0.1578% | 4h | 0.8766 | +0.807% | $27.7M | $12.8M | 5x | as long as short |
| Extended BTW-USD | +0.1800% | 1h | 0.8722 | +0.301% | $42K | $13K | 5x | as long as short |
| Binance BTWUSDT | +0.1801% | 4h | 0.8755 | +0.690% | $122.4M | $159.8M | 10x | as long as short |
| edgeX BTWUSDC | +0.1820% | 4h | 0.8725 | +0.336% | $360K | $497K | 10x | as long as short |
| MEXC BTW_USDT | +0.1826% | 4h | 0.8748 | +0.604% | $11.4M | $6.0M | 20x | as long as short |
| BingX BTW-USDTshort | +0.2600% | 4h | 0.8759 | +0.730% | — | $4.4M | — |
Gate BTW_USDT
KuCoin BTWUSDTM
Aster BTWUSDT
Bitget BTWUSDT
Extended BTW-USD
Binance BTWUSDT
edgeX BTWUSDC
MEXC BTW_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDT | +0.2761% | 4h | 0.8754 | +0.672% | $16.4M | $36.3M | 10x | as long as short |
Bybit BTWUSDT