EWT

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BitgetEWTUSDT	104.54	0	0.0000% / 8h	46m 35s	$1.3M	$756K	20x	Long Bitget
SHORT	BingXNCSKEWT2USD-USDT	104.52	+0.0050	get 0.0050% / 8h	46m 35s	$915K	$1.2M	—	Short BingX

Price gap−0.019%

Funding gap+0.0050% /8h

Funding trade: +$2 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$23+0.0050% /8h now · paid +0.228% over the last 7D

Price+$1spread −0.019% now, avg −0.032% → +0.013% if it goes back

Costs−$560.564% of $10k · taker + slippage, in and out

Result−$32−0.32%no pointsWhat 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−0.019%

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

EWT on 13 exchanges

lowest funding first

Before you open

1 ok · 3 to watch

Watch: Thin at this size18.5 / 12.5 bp
At $10k entering Bitget costs 18.5 bp, fee and slippage, 1.5× BingX’s.
Note: Margin at max leverage$500 + —
Bitget 20x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$1.50Long Bitget: 3 payments, $0.00; short BingX: 3 payments, +$1.50.
Note: Gap at its usual level−0.019% vs −0.032%
The price leg adds little either way.
Watch: Short leg is thinner$915K vs $1.3M OI
BingX sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCBitget Yes · BingX Yes
KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0108%/8h × 21 periods+$22.78

Price spread−0.019% → −0.032% (7d avg)+$1.32

Slippage, 4 orderslive order books−$34.40

Fee Bitget bp × 2 orders−$12.00

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k−$32.30

Costs to cover0.564%Break-even16.9 days

Slippage: Bitget: live order book, 9 min ago; BingX: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGBitget3.3418.5 bp−$1867.7 bp−$677doesn’t fitdoesn’t fit

SELL · SHORTBingX4.7812.5 bp−$1348.3 bp−$483194.8 bp−$19.5K810.4 bp−$405.2K

Closing costs about the same again.

EWT