TWLO

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	MEXCTWLOSTOCK_USDT	301.62	−0.1797	get 0.1797% / 8h	1h 41m	$5.1M	$94K	20x	Long MEXC
SHORT	BitgetTWLOUSDT	301.99	0	0.0000% / 8h	1h 41m	$1.4M	$252K	20x	Short Bitget

Price gap+0.123%

Funding gap+0.1797% /8h

Both sides work: funding pays +$54 a day on $10k, and the gap is 0.200% above its 7d average: +$20 more if it goes back.

If you open now and hold

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

Funding+$104+0.1797% /8h now · paid +1.035% over the last 7D

Price+$20spread +0.123% now, avg −0.078% → +0.200% if it goes back

Costs−$2002.000% of $10k · taker + slippage, in and out

Result−$76−0.76%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +1.035% in total, about +0.0493%/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+0.123%

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

TWLO on 8 exchanges

lowest funding first

Before you open

2 ok · 2 to watch

Watch: Thin at this size62.4 / 42.6 bp
At $10k entering MEXC costs 62.4 bp, fee and slippage, 1.5× Bitget’s.
Note: Margin at max leverage$500 + $500
MEXC 20x, Bitget 20x. 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: +$53.91Long MEXC: 3 payments, +$53.91; short Bitget: 3 payments, $0.00.
OK: Entry gap works for you+0.123% vs −0.078%
You short the dearer leg. If the gap goes back to average, the short gains.
Note: Short leg is thinner$1.4M vs $5.1M OI
Both legs are deep; Bitget is the smaller one.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCMEXC Yes · Bitget Yes
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0493%/8h × 21 periods+$103.52

Price spread+0.123% → −0.078% (7d avg)+$20.04

Slippage, 4 orderslive order books−$188.03

Fee MEXC bp × 2 orders$0.00

Fee Bitget bp × 2 orders−$12.00

Net · 7 days · $10k−$76.47

Costs to cover2.000%Break-even12.2 days

Slippage: MEXC: live order book, 7 min ago; Bitget: live order book, 9 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGMEXC52.7262.4 bp−$6269.0 bp−$690176.1 bp−$17.6Kdoesn’t fit

SELL · SHORTBitget18.7442.6 bp−$4365.5 bp−$655doesn’t fitdoesn’t fit

Closing costs about the same again.