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

BTW

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.303%
Price spread now: Gate against HTX−0.537%7-day average −0.339% · you buy dearer than you sell
Net, funding: paid 7d − costs−$456as in the Funding arb table
Net, price: spread back to 7d avg − costs−$590as in the Price arb table
costs, in and out, $10k−$5705.699% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+1.142%+$114 on $10k
Price spread, last 4 days (all we have)−0.495%−$49 · spread now −0.537%, 7d avg −0.339%
Together, before fees+0.647%+$65 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.198% cheaper against HTX than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.339%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTW-USDT0.72650.0100pay 0.0050% / 4h1h 45m$186K$793K10x
ShortGate BTW_USDT0.72260.0100get 0.0050% / 4h1h 45m$3.0M$16.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
$0
Price spread: −0.537% → −0.339%
−$19.84
Slippage, 4 orders
−$542.87
Fee HTX: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$589.71
Costs to cover
5.699%
Break-even
never at this rate
Slippage from HTX: live order book, 18 min ago; Gate: live order book, 3 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, 18 min ago56.98 bp169.5 bp −$169doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 3 min ago12.26 bp48.3 bp −$4887.5 bp −$875doesn'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
Gate BTW_USDTshort+0.0100%4h0.7226−0.537%$3.0M$16.6M10x
KuCoin BTWUSDTM+0.0100%4h0.7227−0.536%$6.5M$4.8M10xas long as short
HTX BTW-USDTlong+0.0100%4h0.7265long leg$186K$793K10x
Bitget BTWUSDT+0.0532%4h0.7248−0.243%$22.8M$13.9M5xas long as short
Bybit BTWUSDT+0.0577%4h0.7228−0.510%$14.1M$40.2M10xas long as short
Aster BTWUSDT+0.0621%4h0.7245−0.283%$2.0M$3.1M5xas long as short
BingX BTW-USDT+0.0774%4h0.7246−0.268%$4.3Mas long as short
Extended BTW-USD+0.0792%1h0.7235−0.422%$31K$15K5xas long as short
Binance BTWUSDT+0.0792%4h0.7237−0.396%$100.7M$172.7M10xas long as short
MEXC BTW_USDT+0.0798%4h0.7235−0.419%$8.5M$6.3M20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX BTWUSDC+0.0806%4h0.7217−0.674%$297K$502K10xas long as short