BWET

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BybitBWETUSDT	905.14	+0.0771	pay 0.0771% / 8h	2h 08m	$204K	$36K	25x	Long Bybit
SHORT	QFEXBWET-USD	902.74	0	0.0000% / 1h	8m 21s	$1.2M	—	10x	Short QFEX10% back

Price gap−0.265%

Funding gap−0.0771% /8h

Both sides work against this direction now: funding costs $23 a day on $10k and the gap is 0.243% 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−$17−0.0771% /8h now · paid −0.172% over the last 7D

Price−$24spread −0.265% now, avg −0.022% → −0.243% if it goes back

Costs−$2,11121.106% of $10k · taker + slippage, in and out

Result−$2,152−21.52%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.172% in total, about −0.0082%/8h on average.

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−0.265%

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

BWET on 11 exchanges

lowest funding first

Before you open

0 ok · 5 to watch

Watch: Thin at this size102.5 / 828.6 bp
At $10k entering QFEX costs 828.6 bp, fee and slippage, 8.1× Bybit’s.
Note: Margin at max leverage$400 + $1,000
Bybit 25x, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$23.12Long Bybit: 3 payments, −$23.12; short QFEX: 24 payments, $0.00.
Watch: Gap narrower than usual−0.265% vs −0.022%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Long leg is thinner$204K vs $1.2M OI
Bybit sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBybit Yes · QFEX No
Standard verification is mandatory for every product.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0082%/8h × 21 periods−$17.15

Price spread−0.265% → −0.022% (7d avg)−$24.29

Slippage, 4 orderslive order books−$2,079.63

Fee Bybit bp × 2 orders−$11.00

Fee QFEX bp × 2 orders−$20.00

Net · 7 days · $10k−$2,152.07

Costs to cover21.106%Break-evennever at this rate

Slippage: Bybit: live order book, 30 min ago; QFEX: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBybit18.48102.5 bp−$102973.6 bp−$9,736doesn’t fitdoesn’t fit

SELL · SHORTQFEX280.15828.6 bp−$829doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

BWET news

posts that mention BWET, from every exchangeSearch all news →

10-16 04:00	SunX	Other	SunX 101 Lesson 85 \| What Is BWET? The Breakwave Tanker Shipping ETF, issued by Breakwave Advisors, tracks the freight rates of large crude and product tankers worldwide. $BWET is a tokenized asset that tracks the ETF price 1:1 on-chain. Now you can trade it on SunX with $BWET/USDT, 24/7. ▶️ @SunX_DEX on X ↗
10-09 09:40	Bybit	Listing	new market BWETUSDT ($BWET) seen by our collector
10-07 04:48	SunX	Other	🔗 TWST/USDT: 🔗 CRML/USDT: 🔗 BWET/USDT: @SunX_DEX on X ↗
10-07 04:00	SunX	Listing	SunX New Listings are LIVE. $TWST/USDT \| Twist Bioscience @TwistBioscience $CRML/USDT \| Critical Metals @CriticalMet $BWET/USDT \| Breakwave Tanker Shipping ETF @DryBulkETF With up to 10X leverage 📈 @SunX_DEX on X ↗
10-05 09:00	KuCoin	Listing	new market BWETUSDTM ($BWET) seen by our collector
10-04 13:07	HTX	Contest	New TradFi perpetuals go live! 🚀 HTX adds BWET/USDT, CRML/USDT, & TWST/USDT supporting up to 20x leverage. New Coin Trading Contest Heats Up! @HTX_Global on X ↗