Funding you earn now, next payment 04:00 UTC−0.0950%/8h= −104.0% APRnext payment −$4.75 per $10,000 · paid last 24h −0.446%
Price spread now: HTX against MEXC−0.182%7-day average +0.172% · you buy dearer than you sell
Net, funding: paid 7d − costs−$963as in the Funding arb table
Net, price: spread back to 7d avg − costs−$849as in the Price arb table
costs, in and out, $10k−$8148.140% of the position
Funding, last 7 days−1.488%−$149 on $10k
+Price spread, last 3 days (all we have)+0.649%+$65 · spread now −0.182%, 7d avg +0.172%
=Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and HTX is 0.354% cheaper against MEXC than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.172%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC BTW_USDT | 0.7922 | 0.1050 | pay 0.0525% / 4h | 3h 36m | $9.4M | $6.2M | 20x |
| Short | HTX BTW-USDT | 0.7908 | 0.0100 | get 0.0050% / 4h | 3h 36m | $197K | $748K | 10x |
MEXC BTW_USDT
HTX BTW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$199.5
- Price spread: −0.182% → +0.172%
- −$35.42
- Slippage, 4 orders
- −$802.01
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$1,048.93
- Costs to cover
- 8.140%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; HTX: live order book, 37 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, 1 min ago | 3.15 bp | 13.0 bp −$13 | 52.3 bp −$523 | 269.8 bp −$27.0K | 825.7 bp −$412.9K |
| Sell HTX live order book, 37 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDTshort | +0.0100% | 4h | 0.7908 | −0.182% | $197K | $748K | 10x | |
| Gate BTW_USDT | +0.0640% | 4h | 0.7909 | −0.164% | $3.4M | $16.1M | 10x | as long as short |
| Bybit BTWUSDT | +0.0664% | 4h | 0.7925 | +0.037% | $15.5M | $38.7M | 10x | as long as short |
| KuCoin BTWUSDTM | +0.0838% | 4h | 0.7910 | −0.153% | $7.2M | $4.8M | 10x | as long as short |
| Bitget BTWUSDT | +0.0994% | 4h | 0.7956 | +0.426% | $25.1M | $13.6M | 5x | as long as short |
| BingX BTW-USDT | +0.1002% | 4h | 0.7943 | +0.265% | — | $4.4M | — | as long as short |
| Aster BTWUSDT | +0.1040% | 4h | 0.7927 | +0.064% | $2.2M | $2.9M | 5x | as long as short |
| edgeX BTWUSDC | +0.1046% | 4h | 0.7959 | +0.469% | $328K | $499K | 10x | as long as short |
| Extended BTW-USD | +0.1048% | 1h | 0.7937 | +0.187% | $38K | $11K | 5x | as long as short |
| MEXC BTW_USDTlong | +0.1050% | 4h | 0.7922 | long leg | $9.4M | $6.2M | 20x |
Gate BTW_USDT
Bybit BTWUSDT
KuCoin BTWUSDTM
Bitget BTWUSDT
BingX BTW-USDT
Aster BTWUSDT
edgeX BTWUSDC
Extended BTW-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BTWUSDT | +0.1051% | 4h | 0.7941 | +0.245% | $110.6M | $168.8M | 10x | as long as short |
Binance BTWUSDT