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−0.0637%/8h= −69.7% APRnext payment $3.18 per $10,000 · paid last 24h −0.218%
Price spread now: Aster against MEXC−0.275%7-day average −0.145% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1621.615% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.848%−$85 on $10k
Price spread, last 7 days+0.251%+$25 · spread now −0.275%, 7d avg −0.145%
Together, before fees−0.598%+ Points / potential airdropAster: Stage 5 · farm board−$60 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Aster is 0.130% cheaper against MEXC than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.145%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC BTW_USDT0.84170.1928pay 0.0964% / 4h2h 56m$11.6M$5.7M20x
ShortAster BTWUSDT0.83940.1291get 0.0646% / 4h2h 56m$2.3M$2.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against MEXC. 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
−$133.69
Price spread: −0.275% → −0.145%
−$12.96
Slippage, 4 orders
−$153.51
Fee MEXC: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
−$308.16
Costs to cover
1.615%
Break-even
never at this rate
Slippage from MEXC: live order book, 2 min ago; Aster: live order book, 2 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 MEXC live order book, 2 min ago26.48 bp67.7 bp −$68102.6 bp −$1,026222.2 bp −$22.2K728.0 bp −$364.0K
Sell Aster live order book, 2 min ago7.89 bp32.1 bp −$32491.8 bp −$4,918doesn'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%4h0.8566+1.776%$208K$758K10xas long as short
Gate BTW_USDT+0.0866%4h0.8395−0.260%$3.7M$14.2M10xas long as short
Aster BTWUSDTshort+0.1291%4h0.8394−0.275%$2.3M$2.5M5x
KuCoin BTWUSDTM+0.1438%4h0.8403−0.164%$7.6M$4.4M10xas long as short
Bitget BTWUSDT+0.1650%4h0.8427+0.116%$26.7M$12.0M5xas long as short
Binance BTWUSDT+0.1925%4h0.8404−0.154%$117.8M$150.5M10xas long as short
Extended BTW-USD+0.1928%1h0.8389−0.336%$40K$13K5xas long as short
MEXC BTW_USDTlong+0.1928%4h0.8417long leg$11.6M$5.7M20x
edgeX BTWUSDC+0.1947%4h0.8320−1.150%$343K$484K10xas long as short
Bybit BTWUSDT+0.2033%4h0.8373−0.518%$16.9M$33.3M10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BTW-USDT+0.2038%4h0.8416−0.012%$4.3Mas long as short