data as of
Settings8H · net · $10k
Funding arb /

BTW

all BTW markets
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Funding spread now, next payment 20:00 UTC−0.1302%/8h
next payment, per $10,000$6.51paid, last 24h−0.079%paid, last 7 days−0.741%to open and close $10k−$75
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.741% in total (about -38.6% a year). A funding rate is set anew for every payment; at this rate the next one is about $6.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BTWUSDT0.91280.2098pay 0.1049% / 4h3h 21m$129.1M$102.9M10x
ShortBingX BTW-USDT0.91280.0796get 0.0398% / 4h3h 21m$4.0M

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$273.41
Slippage, 4 orders
−$55.08
Fee Binance: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$348.49
Break-even
never at this rate
Slippage from Binance: live order book, 8 min ago; BingX: live order book, 5 min ago.

Price risk

price view
Price gap now
+0.001%
Avg gap 7d
+0.029%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 8 min ago1.67 bp20.3 bp −$20118.8 bp −$1,188doesn't fitdoesn't fit
Sell BingX live order book, 5 min ago1.10 bp18.9 bp −$1971.8 bp −$718453.4 bp −$45.3Kdoesn't fit

BTW on 11 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
HTX BTW-USDT+0.0100%4h$228K$563K10xas long as short
BingX BTW-USDTshort+0.0796%4h$4.0M
Bitget BTWUSDT+0.1176%4h$29.1M$7.6M5xas long as short
Gate BTW_USDT+0.1238%4h$4.0M$9.5M10xas long as short
KuCoin BTWUSDTM+0.1328%4h$8.6M$2.8M10xas long as short
Bybit BTWUSDT+0.1696%4h$18.1M$22.5M10xas long as short
Aster BTWUSDT+0.1863%4h$2.6M$1.6M5xas long as short
edgeX BTWUSDC+0.2091%4h$340K$437K10xas long as short
Extended BTW-USD+0.2096%1h$43K$9K5xas long as short
MEXC BTW_USDT+0.2096%4h$15.3M$4.4M20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance BTWUSDTlong+0.2098%4h$129.1M$102.9M10x