Funding arb · Price arb / Crypto

BTW

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LONGOKX▾Bybit −4.1094%Bitget −3.8460%Extended −3.8368%Binance −3.8366%MEXC −3.8366%Aster −3.7901%Gate −3.7770%KuCoin −3.6890%HTX −3.3187%BingX −2.4360%OKX −1.8161%

⇄⇅

SHORTedgeX▾BingX −2.4360%HTX −3.3187%KuCoin −3.6890%Gate −3.7770%Aster −3.7901%MEXC −3.8366%Binance −3.8366%Extended −3.8368%Bitget −3.8460%edgeX −3.9839%Bybit −4.1094%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	OKXBTW-USDT-SWAP	1.2164	−1.8161	get 0.2270% / 1h	8m 48s	$1.4M	$26.5M	20x	Long OKX
SHORT	edgeXBTWUSDC	1.2376	−3.9839	pay 1.9919% / 4h	8m 48s	$255K	$1.3M	10x	Short edgeX

Price gap+1.741%52s

Funding gap−2.1677% /8h

The gap pays +$159 on $10k if it goes back to its 7d average, but funding costs $650 a day and eats that in about 6 hours.

The current funding rate is far below what this pair has been paying: over the last 4 days it paid +2.364% in total, about +0.1821%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+1.741%

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

24H3D7D14D30D90D

OKXedgeX

BTW on 12 exchanges

lowest funding first

Before you open

1 ok · 5 to watch

• !
  Watch: Thin at this size41.0 / 18.4 bp

  At $10k entering OKX costs 41.0 bp, fee and slippage, 2.2× edgeX’s.
• i
  Note: Margin at max leverage$500 + $1,000

  OKX 20x, edgeX 10x. 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.

  Long OKX · 1h+$544.84

  Short edgeX · 4h−$1,195.16

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$650.31Long OKX: 24 payments, +$544.84; short edgeX: 6 payments, −$1,195.16.
• !
  Watch: Prices read 52 s apart+1.741% vs +0.147%

  Part of this gap may be the market moving.
• !
  Watch: Short leg is thinner$255K vs $1.4M OI

  edgeX sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legedgeX points

  Volume here counts toward the points program.
• !
  Watch: KYCOKX Yes · edgeX No

  Advanced verification before trading, deposits or withdrawals.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.1821%/8h × 21 periods+$382.43

Price spreadprices read too far apart to compare—

Slippage, 4 orderslive order books−$98.44

Fee OKX bp × 2 orders−$10.00

Fee edgeX bp × 2 orders−$9.00

Net · 7 days · $10k+$264.99

price spread not counted: prices read too far apart

Costs to cover1.174%Break-even2.1 days

Slippage: OKX: live order book, 4 min ago; edgeX: live order book, 9 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGOKX4.1841.0 bp−$41doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTedgeX3.1918.4 bp−$18doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

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BTW news

posts that mention BTW, from every exchangeSearch all news →

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10-22 07:59	OKX	Listing	new market BTW-USDT-SWAP ($BTW) seen by our collector
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