BTW

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	OKXBTW-USDT-SWAP	1.6572	−0.8468	get 0.1058% / 1h	57m 00s	$1.4M	$16.0M	20x	Long OKX
SHORT	ExtendedBTW-USD	1.6582	−1.0616	pay 0.1327% / 1h	57m 00s	$82K	$947K	5x	Short Extended10% off

Price gap+0.059%

Funding gap−0.2148% /8h

Both sides work against this direction now: funding costs $64 a day on $10k and the gap is 0.048% 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+$111−0.2148% /8h now · paid +1.113% over the last 4 days (all we have)

Price−$5spread +0.059% now, avg +0.107% → −0.048% if it goes back

Costs−$2242.237% of $10k · taker + slippage, in and out

Result−$117−1.17%+ Points / potential airdropExtended: points · 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+0.059%

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

2 ok · 4 to watch

Watch: Thin at this size41.6 / 73.0 bp
At $10k entering Extended costs 73.0 bp, fee and slippage, 1.8× OKX’s.
Note: Margin at max leverage$500 + $2,000
OKX 20x, Extended 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$64.45Long OKX: 24 payments, +$254.03; short Extended: 24 payments, −$318.48.
Watch: Gap narrower than usual+0.059% vs +0.107%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$82K vs $1.4M OI
Extended sets your exit cost. Check its book before closing.
OK: Points on a legExtended points
Volume here counts toward the points program.
Watch: KYCOKX Yes · Extended 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+0.0978%/8h × 21 periods+$205.30

Price spread+0.059% → +0.107% (7d avg)−$4.81

Slippage, 4 orderslive order books−$208.71

Fee OKX bp × 2 orders−$10.00

Fee Extended bp × 2 orders−$5.00

Net · 7 days · $10k−$23.22

Costs to cover2.237%Break-even7.8 days

Slippage: OKX: live order book, 1 min ago; Extended: live order book, 46 min ago

Cost to enter

taker + slippage from mid, one side

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

SELL · SHORTExtended59.7073.0 bp−$731442.0 bp−$14.4Kdoesn’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