Funding you earn now, next payment 00:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against MEXC−0.172%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$840.837% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 7 days+0.160%+$16 · spread now −0.172%, 7d avg +0.005%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.178% cheaper against MEXC than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC BTW_USDT | 0.8710 | 0.1814 | pay 0.0907% / 4h | 2h 02m | $11.2M | $6.1M | 20x |
| Short | Binance BTWUSDT | 0.8695 | 0.1815 | get 0.0908% / 4h | 2h 02m | $121.4M | $160.5M | 10x |
MEXC BTW_USDT
Binance BTWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against MEXC. 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
- $0.22
- Price spread: −0.172% → +0.005%
- −$17.76
- Slippage, 4 orders
- −$73.65
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$101.19
- Costs to cover
- 0.837%
- Break-even
- 3189.0 days
Slippage from MEXC: live order book, 5 min ago; Binance: live order book, 11 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 MEXC live order book, 5 min ago | 1.72 bp | 14.1 bp −$14 | 33.3 bp −$333 | 140.3 bp −$14.0K | 656.2 bp −$328.1K |
| Sell Binance live order book, 11 min ago | 2.28 bp | 24.0 bp −$24 | 129.6 bp −$1,296 | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDT | +0.0100% | 4h | 0.8723 | +0.149% | $214K | $766K | 10x | as long as short |
| Gate BTW_USDT | +0.0580% | 4h | 0.8692 | −0.202% | $3.9M | $15.6M | 10x | as long as short |
| KuCoin BTWUSDTM | +0.1498% | 4h | 0.8714 | +0.041% | $8.0M | $4.7M | 10x | as long as short |
| Aster BTWUSDT | +0.1501% | 4h | 0.8699 | −0.130% | $2.4M | $2.6M | 5x | as long as short |
| Bitget BTWUSDT | +0.1618% | 4h | 0.8717 | +0.083% | $27.6M | $12.8M | 5x | as long as short |
| edgeX BTWUSDC | +0.1810% | 4h | 0.8707 | −0.034% | $359K | $497K | 10x | as long as short |
| MEXC BTW_USDTlong | +0.1814% | 4h | 0.8710 | long leg | $11.2M | $6.1M | 20x | |
| Binance BTWUSDTshort | +0.1815% | 4h | 0.8695 | −0.172% | $121.4M | $160.5M | 10x | |
| Extended BTW-USD | +0.1816% | 1h | 0.8692 | −0.207% | $42K | $13K | 5x | as long as short |
| BingX BTW-USDT | +0.2852% | 4h | 0.8697 | −0.149% | — | $4.4M | — | as long as short |
HTX BTW-USDT
Gate BTW_USDT
KuCoin BTWUSDTM
Aster BTWUSDT
Bitget BTWUSDT
edgeX BTWUSDC
Extended BTW-USD
BingX BTW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDT | +0.3115% | 4h | 0.8695 | −0.172% | $16.1M | $36.5M | 10x | as long as short |
Bybit BTWUSDT