Funding you earn now, next payment 00:00 UTC+0.2996%/8h= +328.0% APRnext payment +$14.98 per $10,000 · paid last 24h +0.146%
Price spread now: Bybit against HTX+0.669%7-day average −0.258% · you sell dearer than you buy
Net, funding: paid 7d − costs−$722as in the Funding arb table
Net, price: spread back to 7d avg − costs−$703as in the Price arb table
costs, in and out, $10k−$7967.958% of the position
Funding, last 7 days+0.734%+$73 on $10k
+Price spread, last 3 days (all we have)−1.474%−$147 · spread now +0.669%, 7d avg −0.258%
=Both sides work for this trade now. Funding pays +$90 a day on $10k at the current rate, and Bybit is 0.928% dearer against HTX than usual: you sell high and buy low: +$93 more if the spread goes back to its 7-day average of −0.258%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.734% in total (about 38.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$14.98 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 | 0.8710 | 0.0100 | pay 0.0050% / 4h | 1h 51m | $213K | $763K | 10x |
| Short | Bybit BTWUSDT | 0.8768 | 0.3096 | get 0.1548% / 4h | 1h 51m | $16.3M | $36.6M | 10x |
HTX BTW-USDT
Bybit BTWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $629.13
- Price spread: +0.669% → −0.258%
- $92.76
- Slippage, 4 orders
- −$772.8
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$73.9
- Costs to cover
- 7.958%
- Break-even
- 7.8 days
Slippage from HTX: live order book, 32 min ago; Bybit: live order book, 2 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, 32 min ago | 63.90 bp | 308.9 bp −$309 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 4.85 bp | 50.1 bp −$50 | 384.4 bp −$3,844 | 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 | 0.8710 | long leg | $213K | $763K | 10x | |
| Gate BTW_USDT | +0.0730% | 4h | 0.8738 | +0.326% | $3.9M | $15.5M | 10x | as long as short |
| Aster BTWUSDT | +0.1500% | 4h | 0.8760 | +0.576% | $2.4M | $2.7M | 5x | as long as short |
| KuCoin BTWUSDTM | +0.1520% | 4h | 0.8786 | +0.874% | $8.1M | $4.7M | 10x | as long as short |
| Bitget BTWUSDT | +0.1640% | 4h | 0.8808 | +1.133% | $27.9M | $12.8M | 5x | as long as short |
| edgeX BTWUSDC | +0.1800% | 4h | 0.8703 | −0.071% | $359K | $496K | 10x | as long as short |
| MEXC BTW_USDT | +0.1804% | 4h | 0.8790 | +0.924% | $11.3M | $5.9M | 20x | as long as short |
| Binance BTWUSDT | +0.1806% | 4h | 0.8773 | +0.723% | $122.4M | $160.9M | 10x | as long as short |
| Extended BTW-USD | +0.1808% | 1h | 0.8780 | +0.809% | $42K | $13K | 5x | as long as short |
| BingX BTW-USDT | +0.2918% | 4h | 0.8764 | +0.626% | — | $4.4M | — | as long as short |
Gate BTW_USDT
Aster BTWUSDT
KuCoin BTWUSDTM
Bitget BTWUSDT
edgeX BTWUSDC
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 BTWUSDTshort | +0.3096% | 4h | 0.8768 | +0.669% | $16.3M | $36.6M | 10x |