Funding you earn now, next payment 22:00 UTC+0.0514%/8h= +56.3% APRpaid last 24h +0.229%
Price spread now: Extended against KuCoin−0.250%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Extended is 0.250% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.250% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 39 hours of funding at the current rate (+$15 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BTWUSDTM | 0.8847 | 0.1358 | pay 0.0679% / 4h | 2h 25m | $8.1M | $4.6M | 10x |
| Short | Extended BTW-USD | 0.8825 | 0.1872 | get 0.0234% / 1h | 25m 33s | $42K | $13K | 5x |
KuCoin BTWUSDTM
Extended BTW-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against KuCoin. 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
- $107.94
- Price spread: −0.250% → 0.000%
- −$25.01
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $65.93
- Costs to cover
- 0.170%
- Break-even
- 2.7 days
Slippage unknown: KuCoin: live order book, 3 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy KuCoin live order book, 3 min ago | 15.78 bp | 86.1 bp −$86 | doesn't fit | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDT | +0.0100% | 4h | 0.8872 | +0.287% | $217K | $765K | 10x | as long as short |
| Gate BTW_USDT | +0.0262% | 4h | 0.8810 | −0.412% | $3.8M | $15.1M | 10x | as long as short |
| KuCoin BTWUSDTMlong | +0.1358% | 4h | 0.8847 | long leg | $8.1M | $4.6M | 10x | |
| Aster BTWUSDT | +0.1477% | 4h | 0.8824 | −0.252% | $2.4M | $2.6M | 5x | as long as short |
| Bitget BTWUSDT | +0.1624% | 4h | 0.8842 | −0.051% | $28.0M | $12.7M | 5x | as long as short |
| Extended BTW-USDshort | +0.1872% | 1h | 0.8825 | −0.250% | $42K | $13K | 5x | |
| MEXC BTW_USDT | +0.1874% | 4h | 0.8817 | −0.337% | $11.6M | $6.0M | 20x | as long as short |
| Binance BTWUSDT | +0.1874% | 4h | 0.8776 | −0.804% | $122.8M | $157.7M | 10x | as long as short |
| edgeX BTWUSDC | +0.1876% | 4h | 0.8945 | +1.111% | $369K | $491K | 10x | as long as short |
| BingX BTW-USDT | +0.2280% | 4h | 0.8831 | −0.179% | — | $4.3M | — | as long as short |
HTX BTW-USDT
Gate BTW_USDT
Aster BTWUSDT
Bitget BTWUSDT
MEXC BTW_USDT
Binance BTWUSDT
edgeX BTWUSDC
BingX BTW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDT | +0.2480% | 4h | 0.8738 | −1.226% | $16.7M | $35.4M | 10x | as long as short |
Bybit BTWUSDT