TWT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0042%/8h= −4.6% APRnext payment −$0.21 per $10,000 · paid last 24h −0.009%

Price spread now: Bybit against BloFin+0.224%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$1041.041% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.224%, 7d avg +0.089%

Together, before fees−0.025%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.135% dearer against BloFin than usual: you sell high and buy low (spread +0.224% now, against its 7-day average of +0.089%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TWT-USDT	0.5801	0.0142	pay 0.0071% / 4h	2h 38m	$250K	$12K	75x
Short	Bybit TWTUSDT	0.5814	0.0100	get 0.0050% / 4h	2h 38m	$5.2M	$867K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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

Position, each leg$Hold fordaysFee BloFinbpFee BybitbpOrdersPrice spread, now +0.224%Rate

Funding earned: −$8.77
Price spread: +0.224% → +0.089%: $13.52
Slippage, 4 orders: −$81.05
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$99.3
Costs to cover: 1.041%
Break-even: never at this rate

Slippage from BloFin: live order book, 43 min ago; Bybit: live order book, 4 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 BloFin live order book, 43 min ago	1.72 bp	11.1 bp −$11	50.5 bp −$505	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.86 bp	30.7 bp −$31	131.3 bp −$1,313	doesn't fit	doesn't fit

TWT on 8 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
Binance TWTUSDT	+0.0100%	4h	0.5818	+0.293%	$3.8M	$2.2M	75x	as long as short
Bybit TWTUSDTshort	+0.0100%	4h	0.5814	+0.224%	$5.2M	$867K	25x
Gate TWT_USDT	+0.0100%	8h	0.5824	+0.396%	$262K	$106K	50x	as long as short
MEXC TWT_USDT	+0.0100%	4h	0.5815	+0.241%	$6.7M	$163K	125x	as long as short
KuCoin TWTUSDTM	+0.0100%	4h	0.5825	+0.410%	$821K	$834K	30x	as long as short
BingX TWT-USDT	+0.0100%	4h	0.5815	+0.241%	—	$2.5M	—	as long as short
Variational Omni TWT	+0.0100%	4h	0.5814	+0.216%	$222K	$1K	—	as long as short
BloFin TWT-USDTlong	+0.0142%	4h	0.5801	long leg	$250K	$12K	75x