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

AWE

all AWE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: Bybit against BingX+0.141%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$225as in the Funding arb table
Net, price: spread back to 7d avg − costs−$216as in the Price arb table
costs, in and out, $10k−$2252.248% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.141%, 7d avg +0.057%
Together, before fees−0.047%−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.084% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.057%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX AWE-USDT0.063780.0100pay 0.0050% / 4h3h 47m$6.6M
ShortBybit AWEUSDT0.063870.0100get 0.0050% / 4h3h 47m$549K$219K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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
$0
Price spread: +0.141% → +0.057%
$8.37
Slippage, 4 orders
−$203.77
Fee BingX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$216.4
Costs to cover
2.248%
Break-even
never at this rate
Slippage from BingX: live order book, 4 min ago; Bybit: live order book, 43 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 4 min ago4.70 bp34.8 bp −$35102.8 bp −$1,028870.3 bp −$87.0K1259.0 bp −$629.5K
Sell Bybit live order book, 43 min ago4.71 bp64.2 bp −$64158.9 bp −$1,589doesn't fitdoesn't fit

AWE on 9 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
Aster AWEUSDT+0.0100%4h0.06380+0.036%$2K$5K5xas long as short
Binance AWEUSDT+0.0100%4h0.06374−0.056%$2.2M$1.2M40xas long as short
Bybit AWEUSDTshort+0.0100%4h0.06387+0.141%$549K$219K25x
MEXC AWE_USDT+0.0100%4h0.06375−0.047%$1.1M$132K20xas long as short
KuCoin AWEUSDTM+0.0100%4h0.06379+0.016%$132K$50K20xas long as short
Bitget AWEUSDT+0.0100%4h0.06374−0.063%$434K$198K40xas long as short
BingX AWE-USDTlong+0.0100%4h0.06378long leg$6.6M
BloFin AWE-USDT+0.0136%4h0.06381+0.047%$139K$27K40xas long as short
Gate AWE_USDT+0.1528%8h0.06380+0.031%$58K$30K25xas long as short