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

BTW

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.01 per $10,000 · paid last 24h +0.010%
Price spread now: Aster against KuCoin−0.171%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$294as in the Price arb table
costs, in and out, $10k−$2842.835% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.262%−$26 on $10k
Price spread, last 7 days+0.129%+$13 · spread now −0.171%, 7d avg −0.070%
Together, before fees−0.133%+ Points / potential airdropAster: Stage 5 · farm board−$13 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: Aster is 0.101% cheaper against KuCoin than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.070%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BTWUSDTM0.87140.1498pay 0.0749% / 4h2h 02m$8.0M$4.7M10x
ShortAster BTWUSDT0.86990.1501get 0.0750% / 4h2h 02m$2.4M$2.6M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. 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
$0.53
Price spread: −0.171% → −0.070%
−$10.12
Slippage, 4 orders
−$263.5
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$293.09
Costs to cover
2.835%
Break-even
3883.9 days
Slippage from KuCoin: live order book, 5 min ago; Aster: live order book, 1 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 KuCoin live order book, 5 min ago17.00 bp78.6 bp −$79doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 1 min ago5.51 bp22.7 bp −$23490.9 bp −$4,909doesn'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-USDT+0.0100%4h0.8723+0.108%$214K$766K10xas long as short
Gate BTW_USDT+0.0580%4h0.8692−0.243%$3.9M$15.6M10xas long as short
KuCoin BTWUSDTMlong+0.1498%4h0.8714long leg$8.0M$4.7M10x
Aster BTWUSDTshort+0.1501%4h0.8699−0.171%$2.4M$2.6M5x
Bitget BTWUSDT+0.1618%4h0.8717+0.041%$27.6M$12.8M5xas long as short
edgeX BTWUSDC+0.1810%4h0.8707−0.076%$359K$497K10xas long as short
MEXC BTW_USDT+0.1814%4h0.8710−0.041%$11.2M$6.1M20xas long as short
Binance BTWUSDT+0.1815%4h0.8695−0.213%$121.4M$160.5M10xas long as short
Extended BTW-USD+0.1816%1h0.8692−0.248%$42K$13K5xas long as short
BingX BTW-USDT+0.2852%4h0.8697−0.191%$4.4Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit BTWUSDT+0.3115%4h0.8695−0.213%$16.1M$36.5M10xas long as short