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

FWDI

RWAall FWDI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0217%/8h= +23.8% APRnext payment +$2.17 per $10,000 · paid last 24h −0.013%
Price spread now: HTX against Bybit0.000%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.075%−$7 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.075%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.075% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.17 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit FWDIUSDT8.0650−0.0217get 0.0217% / 8h2h 11m$363K$304K25x
ShortHTX FWDI-USDT8.06500get 0.0000% / 8h2h 11m$7K$62K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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
$45.64
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee HTX: 6 bp × 2 orders
−$12
Net
$22.64
Costs to cover
0.230%
Break-even
3.5 days
Slippage unknown: Bybit: live order book, 33 min ago; HTX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 33 min ago7.45 bp125.6 bp −$126237.1 bp −$2,371doesn't fitdoesn't fit
Sell HTX no order-book sample
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

FWDI on 7 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
Bitget FWDIUSDT−0.1100%8h8.06500.000%$429K$177K5xas long as short
Binance FWDIUSDT−0.0531%8h8.0616−0.042%$454K$1.7M10xas long as short
OKX FWDI-USDT-SWAP−0.0460%8h8.0560−0.112%$320K$247K10xas long as short
Variational Omni FWDI−0.0268%8h8.0522−0.159%$114K$94Kas long as short
Bybit FWDIUSDTlong−0.0217%8h8.0650long leg$363K$304K25x
QFEX FWDI-USD0.0000%1h8.0700+0.062%$1.1M$385K10xas long as short
HTX FWDI-USDTshort0.0000%8h8.06500.000%$7K$62K10x