BTW

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	OKXBTW-USDT-SWAP	1.6700	−0.8503	get 0.1063% / 1h	54m 04s	$1.4M	$16.2M	20x	Long OKX
SHORT	AsterBTWUSDT	1.6722	−1.0777	pay 0.5388% / 4h	54m 04s	$336K	$724K	5x	Short Aster≤10% back

Price gap+0.132%

Funding gap−0.2274% /8h

Both sides work against this direction now: funding costs $68 a day on $10k and the gap is 0.129% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$87−0.2274% /8h now · paid +0.868% over the last 4 days (all we have)

Price−$13spread +0.132% now, avg +0.261% → −0.129% if it goes back

Costs−$1391.386% of $10k · taker + slippage, in and out

Result−$65−0.65%+ Points / potential airdropAster: Stage 5 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.132%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

BTW on 12 exchanges

lowest funding first

Before you open

1 ok · 5 to watch

Watch: Thin at this size41.6 / 24.8 bp
At $10k entering OKX costs 41.6 bp, fee and slippage, 1.7× Aster’s.
Note: Margin at max leverage$500 + $2,000
OKX 20x, Aster 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 4h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$68.22Long OKX: 24 payments, +$255.09; short Aster: 6 payments, −$323.31.
Watch: Gap narrower than usual+0.132% vs +0.261%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$336K vs $1.4M OI
Aster sets your exit cost. Check its book before closing.
OK: Points on a legAster Stage 5
Volume here counts toward the points program.
Watch: KYCOKX Yes · Aster No
Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0762%/8h × 21 periods+$159.99

Price spread+0.132% → +0.261% (7d avg)−$12.91

Slippage, 4 orderslive order books−$120.56

Fee OKX bp × 2 orders−$10.00

Fee Aster bp × 2 orders−$8.00

Net · 7 days · $10k+$8.52

Costs to cover1.386%Break-even6.6 days

Slippage: OKX: live order book, 4 min ago; Aster: live order book, 18 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGOKX2.7241.6 bp−$42doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTAster6.1224.8 bp−$25238.6 bp−$2,386doesn’t fitdoesn’t fit

Closing costs about the same again.

BTW news

posts that mention BTW, from every exchangeSearch all news →

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BTW