Settings8H · net · $10k
Funding arb · Price arb /

NEWT

all NEWT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Binance+0.139%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$1771.770% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.030%+$3 on $10k
Price spread, last 4 days (all we have)−0.139%−$14 · spread now +0.139%, 7d avg +0.046%
Together, before fees−0.108%−$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.093% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance NEWTUSDT0.049430.0100pay 0.0050% / 4h1h 43m$1.3M$2.4M25x
ShortBitget NEWTUSDT0.049500.0100get 0.0050% / 4h1h 43m$356K$244K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Binance. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.139% → +0.046%
$9.29
Slippage, 4 orders
−$155.02
Fee Binance: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$167.73
Costs to cover
1.770%
Break-even
never at this rate
Slippage from Binance: live order book, 7 min ago; Bitget: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 7 min ago5.05 bp36.9 bp −$37257.7 bp −$2,577doesn't fitdoesn't fit
Sell Bitget live order book, 12 min ago9.10 bp50.8 bp −$51443.0 bp −$4,430doesn't fitdoesn't fit

NEWT on 6 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NEWTUSDT−0.1438%4h0.04946+0.058%$652K$713K20xas long as short
Binance NEWTUSDTlong+0.0100%4h0.04943long leg$1.3M$2.4M25x
Gate NEWT_USDT+0.0100%8h0.04933−0.205%$134K$66K10xas long as short
MEXC NEWT_USDT+0.0100%4h0.04943−0.003%$368K$161K50xas long as short
KuCoin NEWTUSDTM+0.0100%4h0.04936−0.145%$329K$46K25xas long as short
Bitget NEWTUSDTshort+0.0100%4h0.04950+0.139%$356K$244K20x