Funding arb · Price arb / RWA

TWST

RWAAll TWST markets →

LONGBinance▾Binance −0.1436%Bitget −0.1088%BloFin −0.0687%Bybit 0.0000%Gate 0.0000%SunX 0.0000%HTX 0.0000%

⇄⇅

SHORTBingX▾Bybit 0.0000%Gate 0.0000%SunX 0.0000%HTX 0.0000%BloFin −0.0687%Bitget −0.1088%BingX −0.2794%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	BinanceTWSTUSDT	187.63	−0.1436	get 0.1436% / 8h	2h 32m	$84K	$779K	20x	Long Binance
SHORT	BingXNCSKTWST2USD-USDT	187.03	−0.2794	pay 0.2794% / 8h	2h 32m	$291K	$1.2M	—	Short BingX

Price gap−0.320%

Funding gap−0.1358% /8h

Both sides work against this direction now: funding costs $41 a day on $10k and the gap is 0.291% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 3 days it paid −0.003% in total, about −0.0004%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m

1h · loading 5m…

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

P&L?

PRICE SPREAD · 7D

Now−0.320%

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

24H3D7D14D30D90D

BinanceBingX

TWST on 8 exchanges

lowest funding first

Before you open

1 ok · 4 to watch

• !
  Watch: Thin at this size39.0 / 60.9 bp

  At $10k entering BingX costs 60.9 bp, fee and slippage, 1.6× Binance’s.
• i
  Note: Margin at max leverage$500 + —

  Binance 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.

  Long Binance · 8h+$43.07

  Short BingX · 8h−$83.82

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$40.75Long Binance: 3 payments, +$43.07; short BingX: 3 payments, −$83.82.
• !
  Watch: Gap narrower than usual−0.320% vs −0.028%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Long leg is thinner$84K vs $291K OI

  Binance sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCBinance Yes · BingX Yes

  Verified KYC to deposit or trade; futures accounts under 30 days old are capped at 20x.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0004%/8h × 21 periods−$0.94

Price spread−0.320% → −0.028% (7d avg)−$29.15

Slippage, 4 orderslive order books−$216.38

Fee Binance bp × 2 orders−$8.00

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k−$264.46

Costs to cover2.344%Break-evennever at this rate

Slippage: Binance: live order book, 69 min ago; BingX: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGBinance6.4139.0 bp−$39doesn’t fitdoesn’t fitdoesn’t fit

SELL · SHORTBingX10.9860.9 bp−$61306.4 bp−$3,064doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

TWST news

posts that mention TWST, from every exchangeSearch all news →

09-30 11:37	Bitget	Listing	new market TWSTUSDT ($TWST) seen by our collector
09-30 10:38	BloFin	Listing	new market TWST-USDT ($TWST) seen by our collector
09-30 10:06	SunX	Listing	new market TWST-USDT ($TWST) seen by our collector
09-30 09:30	BloFin	Listing	BloFin Futures will list the $TWST-USDT and $CVNA-USDT Perpetual Contracts🫡 Trade to take advantage of: ✅ 0% Maker Fees ✅ 50% off Taker Fees Details: @BloFin_Official on X ↗
09-30 07:17	HTX	Listing	new market TWST-USDT ($TWST) seen by our collector
09-29 12:00	Gate	Listing	new market TWST_USDT ($TWST) seen by our collector