Funding you earn now, next payment 12:00 UTC−0.0292%/8h= −32.0% APRnext payment −$1.46 per $10,000 · paid last 24h −0.203%
Price spread now: Bitget against MEXC+0.169%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$206as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$820.818% of the position
Funding, last 7 days−1.242%−$124 on $10k
+Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.169%, 7d avg +0.030%
=The price spread pays, funding is against you. Bitget is 0.140% dearer against MEXC than usual: you sell high and buy low (spread +0.169% now, against its 7-day average of +0.030%): +$14 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−1.242% in total) that is about 19 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC BTW_USDT | 0.8386 | 0.0706 | pay 0.0353% / 4h | 1h 31m | $9.4M | $6.1M | 20x |
| Short | Bitget BTWUSDT | 0.8400 | 0.0414 | get 0.0207% / 4h | 1h 31m | $26.4M | $14.0M | 5x |
MEXC BTW_USDT
Bitget BTWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$61.32
- Price spread: +0.169% → +0.030%
- $13.98
- Slippage, 4 orders
- −$69.83
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$129.17
- Costs to cover
- 0.818%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 9 min ago; Bitget: live order book, 10 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, 9 min ago | 0.58 bp | 0.6 bp −$1 | 5.5 bp −$55 | 146.2 bp −$14.6K | 668.1 bp −$334.0K |
| Sell Bitget live order book, 10 min ago | 6.24 bp | 37.5 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
BTW on 11 exchanges
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 | 0.8383 | −0.035% | $16.0M | $37.4M | 10x | as long as short |
| Gate BTW_USDT | +0.0100% | 4h | 0.8423 | +0.444% | $3.4M | $16.8M | 10x | as long as short |
| KuCoin BTWUSDTM | +0.0100% | 4h | 0.8399 | +0.156% | $7.3M | $4.4M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.8457 | +0.846% | $222K | $692K | 10x | as long as short |
| Bitget BTWUSDTshort | +0.0414% | 4h | 0.8400 | +0.169% | $26.4M | $14.0M | 5x | |
| Aster BTWUSDT | +0.0619% | 4h | 0.8389 | +0.035% | $2.3M | $3.3M | 5x | as long as short |
| BingX BTW-USDT | +0.0684% | 4h | 0.8392 | +0.072% | — | $3.6M | — | as long as short |
| Binance BTWUSDT | +0.0694% | 4h | 0.8384 | −0.025% | $116.2M | $164.9M | 10x | as long as short |
| Extended BTW-USD | +0.0704% | 1h | 0.8396 | +0.114% | $36K | $13K | 5x | as long as short |
| MEXC BTW_USDTlong | +0.0706% | 4h | 0.8386 | long leg | $9.4M | $6.1M | 20x |
Bybit BTWUSDT
Gate BTW_USDT
KuCoin BTWUSDTM
HTX BTW-USDT
Aster BTWUSDT
BingX BTW-USDT
Binance BTWUSDT
Extended BTW-USDShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | +0.0710% | 4h | 0.8455 | +0.826% | $367K | $508K | 10x | as long as short |
edgeX BTWUSDC