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

BTW

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0183%/8h= −20.0% APRnext payment $0.92 per $10,000 · paid last 24h +0.194%
Price spread now: edgeX against Aster−1.716%7-day average +0.150% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$268as in the Price arb table
costs, in and out, $10k−$810.815% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.852%+$85 on $10k
Price spread, last 4 days (all we have)+1.480%+$148 · spread now −1.716%, 7d avg +0.150%
Together, before fees+2.332%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$233 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and edgeX is 1.866% cheaper against Aster than usual: you would sell low and buy high (−$187 if the spread goes back to its 7-day average of +0.150%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.852%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BTWUSDT0.83740.1095pay 0.0548% / 4h1h 10m$2.3M$3.2M5x
ShortedgeX BTWUSDC0.82300.0912get 0.0456% / 4h1h 10m$339K$500K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Aster. 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
−$38.45
Price spread: −1.716% → +0.150%
−$186.59
Slippage, 4 orders
−$64.46
Fee Aster: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$306.5
Costs to cover
0.815%
Break-even
never at this rate
Slippage from Aster: live order book, 3 min ago; edgeX: live order book, 28 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 Aster live order book, 3 min ago7.38 bp23.7 bp −$24743.3 bp −$7,433doesn't fitdoesn't fit
Sell edgeX live order book, 28 min ago2.06 bp11.5 bp −$12doesn't fitdoesn't fitdoesn't fit

BTW on 11 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
KuCoin BTWUSDTM+0.0100%4h0.8348−0.309%$7.4M$4.9M10xas long as short
HTX BTW-USDT+0.0100%4h0.8358−0.185%$214K$795K10xas long as short
Bybit BTWUSDT+0.0113%4h0.8374+0.005%$16.3M$41.2M10xas long as short
Gate BTW_USDT+0.0370%4h0.8386+0.143%$3.5M$17.4M10xas long as short
Bitget BTWUSDT+0.0598%4h0.8401+0.320%$26.4M$14.8M5xas long as short
BingX BTW-USDT+0.0866%4h0.8389+0.179%$4.4Mas long as short
edgeX BTWUSDCshort+0.0912%4h0.8230−1.716%$339K$500K10x
MEXC BTW_USDT+0.0934%4h0.8369−0.060%$9.6M$6.4M20xas long as short
Extended BTW-USD+0.0944%1h0.8349−0.298%$36K$15K5xas long as short
Binance BTWUSDT+0.0946%4h0.8380+0.069%$116.6M$178.1M10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BTWUSDTlong+0.1095%4h0.8374long leg$2.3M$3.2M5x