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+0.1236%/8h= +135.3% APRpaid last 24h +0.448%
Price spread now: Extended against HTX+0.070%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Extended is 0.070% dearer against HTX than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTW-USDT0.80930.0100pay 0.0050% / 4h32m 47s$201K$766K10x
ShortExtended BTW-USD0.80990.1336get 0.0167% / 1h32m 47s$39K$11K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$259.56
Price spread: +0.070% → 0.000%
$7.03
Slippage, 4 orders
no order book: not counted
Fee HTX: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$249.59
Costs to cover
0.170%
Break-even
0.3 days
Slippage unknown: HTX: live order book, 46 min ago; Extended: no order-book sample. Net counts fees only.

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, 46 min ago52.72 bp420.6 bp −$421doesn't fitdoesn't fitdoesn't fit
Sell Extended no order-book sample
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%4h0.8093long leg$201K$766K10x
Gate BTW_USDT+0.0616%4h0.8086−0.083%$3.5M$15.9M10xas long as short
Aster BTWUSDT+0.1174%4h0.8092−0.007%$2.2M$2.9M5xas long as short
KuCoin BTWUSDTM+0.1274%4h0.8100+0.087%$7.5M$4.8M10xas long as short
Bitget BTWUSDT+0.1308%4h0.8116+0.281%$25.7M$13.4M5xas long as short
Binance BTWUSDT+0.1320%4h0.8102+0.112%$112.9M$167.8M10xas long as short
Extended BTW-USDshort+0.1336%1h0.8099+0.070%$39K$11K5x
MEXC BTW_USDT+0.1338%4h0.8103+0.125%$9.7M$6.1M20xas long as short
edgeX BTWUSDC+0.1392%4h0.8143+0.621%$336K$499K10xas long as short
Bybit BTWUSDT+0.1533%4h0.8088−0.057%$15.8M$38.7M10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTW-USDT+0.1602%4h0.8093+0.001%$4.4Mas long as short