Funding you earn now, next payment 04:00 UTC−0.0110%/8h= −12.1% APRnext payment −$0.55 per $10,000 · paid last 24h −0.193%
Price spread now: Aster against Binance+0.032%7-day average −0.138% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$1071.074% of the position
Funding, last 5 days (all we have)−0.850%−$85 on $10k
+Price spread, last 7 days−0.280%−$28 · spread now +0.032%, 7d avg −0.138%
=Together, before fees−1.130%+ Points / potential airdropAster: Stage 5 · farm board−$113 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.170% dearer against Binance than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of −0.138%): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.1 days. At the pace of the last 5 days (−0.850% in total) that is about 26 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BTWUSDT | 0.7768 | 0.0979 | pay 0.0490% / 4h | 3h 09m | $108.1M | $168.9M | 10x |
| Short | Aster BTWUSDT | 0.7770 | 0.0869 | get 0.0434% / 4h | 3h 09m | $2.1M | $2.9M | 5x |
Binance BTWUSDT
Aster BTWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$23.19
- Price spread: +0.032% → −0.138%
- $17.03
- Slippage, 4 orders
- −$89.43
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$113.58
- Costs to cover
- 1.074%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Aster: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 4 min ago | 3.17 bp | 31.8 bp −$32 | 230.7 bp −$2,307 | doesn't fit | doesn't fit |
| Sell Aster live order book, 4 min ago | 5.51 bp | 25.4 bp −$25 | 633.2 bp −$6,332 | doesn't fit | doesn't fit |
BTW on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDT | +0.0100% | 4h | 0.7801 | +0.428% | $194K | $742K | 10x | as long as short |
| Gate BTW_USDT | +0.0524% | 4h | 0.7770 | +0.034% | $3.3M | $16.3M | 10x | as long as short |
| KuCoin BTWUSDTM | +0.0684% | 4h | 0.7758 | −0.123% | $7.0M | $4.7M | 10x | as long as short |
| Aster BTWUSDTshort | +0.0869% | 4h | 0.7770 | +0.032% | $2.1M | $2.9M | 5x | |
| Bitget BTWUSDT | +0.0880% | 4h | 0.7791 | +0.298% | $24.5M | $13.6M | 5x | as long as short |
| Bybit BTWUSDT | +0.0922% | 4h | 0.7773 | +0.064% | $14.9M | $39.0M | 10x | as long as short |
| BingX BTW-USDT | +0.0956% | 4h | 0.7785 | +0.221% | — | $4.3M | — | as long as short |
| Extended BTW-USD | +0.0976% | 1h | 0.7766 | −0.026% | $33K | $15K | 5x | as long as short |
| MEXC BTW_USDT | +0.0978% | 4h | 0.7767 | −0.011% | $9.2M | $6.2M | 20x | as long as short |
| Binance BTWUSDTlong | +0.0979% | 4h | 0.7768 | long leg | $108.1M | $168.9M | 10x |
HTX BTW-USDT
Gate BTW_USDT
KuCoin BTWUSDTM
Bitget BTWUSDT
Bybit BTWUSDT
BingX BTW-USDT
Extended BTW-USD
MEXC BTW_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | +0.0999% | 4h | 0.7832 | +0.831% | $323K | $499K | 10x | as long as short |
edgeX BTWUSDC