Funding you earn now, next payment 04:00 UTC−0.0846%/8h= −92.6% APRnext payment −$4.23 per $10,000 · paid last 24h −0.195%
Price spread now: HTX against KuCoin+0.147%51s7-day average +0.240% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,187as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1,09910.990% of the position
Funding, last 7 days−0.881%−$88 on $10k
+Price spread, last 3 days (all we have)+0.344%+$34 · spread now +0.147%, 7d avg +0.240%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and HTX is 0.092% cheaper against KuCoin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.240%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BTWUSDTM | 0.7962 | 0.0946 | pay 0.0473% / 4h | 3h 54m | $7.3M | $4.8M | 10x |
| Short | HTX BTW-USDT | 0.7973 | 0.0100 | get 0.0050% / 4h | 3h 54m | $198K | $743K | 10x |
KuCoin BTWUSDTM
HTX BTW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$177.66
- Price spread: +0.147% → +0.240%
- −$9.23
- Slippage, 4 orders
- −$1,075.03
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$1,285.92
- Costs to cover
- 10.990%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; HTX: live order book, 19 min ago.
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, 4 min ago | 10.11 bp | 97.5 bp −$98 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 19 min ago | 34.74 bp | 334.3 bp −$334 | 1881.0 bp −$18.8K | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDT | +0.0100% | 4h | 0.7955 | −0.083% | $15.5M | $38.4M | 10x | as long as short |
| Gate BTW_USDT | +0.0100% | 4h | 0.7928 | −0.420% | $3.4M | $15.9M | 10x | as long as short |
| HTX BTW-USDTshort | +0.0100% | 4h | 0.7973 | +0.147% | $198K | $743K | 10x | |
| KuCoin BTWUSDTMlong | +0.0946% | 4h | 0.7962 | long leg | $7.3M | $4.8M | 10x | |
| Aster BTWUSDT | +0.1032% | 4h | 0.7937 | −0.303% | $2.2M | $2.9M | 5x | as long as short |
| Binance BTWUSDT | +0.1058% | 4h | 0.7959 | −0.028% | $110.8M | $167.8M | 10x | as long as short |
| Extended BTW-USD | +0.1064% | 1h | 0.7947 | −0.183% | $38K | $11K | 5x | as long as short |
| MEXC BTW_USDT | +0.1066% | 4h | 0.7959 | −0.032% | $9.5M | $6.1M | 20x | as long as short |
| edgeX BTWUSDC | +0.1080% | 4h | 0.8014 | +0.663% | $330K | $499K | 10x | as long as short |
| Bitget BTWUSDT | +0.1082% | 4h | 0.7976 | +0.188% | $25.2M | $13.5M | 5x | as long as short |
Bybit BTWUSDT
Gate BTW_USDT
Aster BTWUSDT
Binance BTWUSDT
Extended BTW-USD
MEXC BTW_USDT
edgeX BTWUSDC
Bitget BTWUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTW-USDT | +0.1166% | 4h | 0.7959 | −0.032% | — | $4.4M | — | as long as short |
BingX BTW-USDT