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

BTW

all BTW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.1704%/8h= +186.6% APRnext payment +$8.52 per $10,000 · paid last 24h +0.425%
Price spread now: edgeX against HTX+0.095%77s7-day average −0.157% · you sell dearer than you buy
Net, funding: paid 7d − costs−$542as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$6896.885% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.461%+$146 on $10k
Price spread, last 3 days (all we have)−0.658%−$66 · spread now +0.095%, 7d avg −0.157%
Together, before fees+0.804%+ Points / potential airdropedgeX: Active · farm board+$80 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$51 a day on $10k at the current rate, and edgeX is 0.253% dearer against HTX than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.157%. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTW-USDT0.87100.0100pay 0.0050% / 4h1h 54m$213K$764K10x
ShortedgeX BTWUSDC0.87180.1804get 0.0902% / 4h1h 54m$359K$495K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$357.94
Price spread: +0.095% → −0.157%
$25.26
Slippage, 4 orders
−$667.54
Fee HTX: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$305.34
Costs to cover
6.885%
Break-even
13.0 days
Slippage from HTX: live order book, 29 min ago; edgeX: live order book, 5 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, 29 min ago63.90 bp308.9 bp −$309doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 5 min ago1.95 bp9.8 bp −$10doesn't fitdoesn'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%4h0.8710long leg$213K$764K10x
Gate BTW_USDT+0.0732%4h0.8692−0.203%$3.8M$15.4M10xas long as short
Aster BTWUSDT+0.1487%4h0.8709−0.011%$2.4M$2.7M5xas long as short
KuCoin BTWUSDTM+0.1538%4h0.8711+0.020%$8.0M$4.7M10xas long as short
Bitget BTWUSDT+0.1630%4h0.8733+0.266%$27.6M$12.8M5xas long as short
MEXC BTW_USDT+0.1798%4h0.8722+0.144%$11.2M$5.9M20xas long as short
Binance BTWUSDT+0.1798%4h0.8722+0.140%$121.7M$160.9M10xas long as short
Extended BTW-USD+0.1800%1h0.8709−0.001%$41K$13K5xas long as short
edgeX BTWUSDCshort+0.1804%4h0.8718+0.095%$359K$495K10x
BingX BTW-USDT+0.2918%4h0.8713+0.040%$4.4Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit BTWUSDT+0.3179%4h0.8724+0.169%$16.2M$36.5M10xas long as short