Funding you earn now, next payment 00:00 UTC+0.1518%/8h= +166.2% APRnext payment +$7.59 per $10,000 · paid last 24h +0.126%
Price spread now: Bitget against HTX+0.183%7-day average −0.165% · you sell dearer than you buy
Net, funding: paid 7d − costs−$724as in the Funding arb table
Net, price: spread back to 7d avg − costs−$709as in the Price arb table
costs, in and out, $10k−$7447.436% of the position
Funding, last 7 days+0.194%+$19 on $10k
+Price spread, last 3 days (all we have)−1.011%−$101 · spread now +0.183%, 7d avg −0.165%
=Both sides work for this trade now. Funding pays +$46 a day on $10k at the current rate, and Bitget is 0.348% dearer against HTX than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of −0.165%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.194% in total (about 10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.59 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 | 0.8716 | 0.0100 | pay 0.0050% / 4h | 1h 55m | $213K | $764K | 10x |
| Short | Bitget BTWUSDT | 0.8732 | 0.1618 | get 0.0809% / 4h | 1h 55m | $27.6M | $12.8M | 5x |
HTX BTW-USDT
Bitget BTWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $318.78
- Price spread: +0.183% → −0.165%
- $34.79
- Slippage, 4 orders
- −$719.63
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$390.07
- Costs to cover
- 7.436%
- Break-even
- 15.6 days
Slippage from HTX: live order book, 28 min ago; Bitget: live order book, 3 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, 28 min ago | 63.90 bp | 308.9 bp −$309 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 3.72 bp | 33.4 bp −$33 | 148.1 bp −$1,481 | 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-USDTlong | +0.0100% | 4h | 0.8716 | long leg | $213K | $764K | 10x | |
| Gate BTW_USDT | +0.0690% | 4h | 0.8703 | −0.154% | $3.8M | $15.4M | 10x | as long as short |
| Aster BTWUSDT | +0.1479% | 4h | 0.8709 | −0.086% | $2.4M | $2.6M | 5x | as long as short |
| KuCoin BTWUSDTM | +0.1526% | 4h | 0.8717 | +0.013% | $8.0M | $4.7M | 10x | as long as short |
| Bitget BTWUSDTshort | +0.1618% | 4h | 0.8732 | +0.183% | $27.6M | $12.8M | 5x | |
| MEXC BTW_USDT | +0.1796% | 4h | 0.8709 | −0.080% | $11.2M | $5.9M | 20x | as long as short |
| Binance BTWUSDT | +0.1800% | 4h | 0.8705 | −0.131% | $121.5M | $160.9M | 10x | as long as short |
| Extended BTW-USD | +0.1800% | 1h | 0.8706 | −0.119% | $42K | $13K | 5x | as long as short |
| edgeX BTWUSDC | +0.1804% | 4h | 0.8718 | +0.021% | $359K | $495K | 10x | as long as short |
| BingX BTW-USDT | +0.2918% | 4h | 0.8706 | −0.115% | — | $4.4M | — | as long as short |
Gate BTW_USDT
Aster BTWUSDT
KuCoin BTWUSDTM
MEXC BTW_USDT
Binance BTWUSDT
Extended BTW-USD
edgeX BTWUSDC
BingX BTW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDT | +0.3195% | 4h | 0.8698 | −0.204% | $16.1M | $36.5M | 10x | as long as short |
Bybit BTWUSDT