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

BTW

all BTW markets
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Funding spread now, next payment 16:00 UTC−0.1604%/8h
next payment, per $10,000$8.02paid, last 24h−0.240%paid, last 7 days−0.623%to open and close $10k−$153
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.623% in total (about -32.5% a year). A funding rate is set anew for every payment; at this rate the next one is about $8.02 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 BTWUSDT0.87070.1810pay 0.0905% / 4h2h 37m$122.6M$92.3M10x
ShortBybit BTWUSDT0.86990.0206get 0.0103% / 4h2h 37m$16.8M$21.4M10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$336.88
Slippage, 4 orders
−$132.21
Fee Binance: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$490.1
Break-even
never at this rate
Slippage from Binance: live order book, 7 min ago; Bybit: live order book, 2 min ago.

Price risk

price view
Price gap now
−0.090%
Avg gap 7d
−0.092%
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, 7 min ago0.61 bp22.6 bp −$2381.0 bp −$810doesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago8.95 bp68.2 bp −$68242.3 bp −$2,423doesn't fitdoesn't fit

BTW on 11 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bitget BTWUSDT+0.0100%4h$27.3M$6.6M5xas long as short
HTX BTW-USDT+0.0100%4h$221K$471K10xas long as short
Bybit BTWUSDTshort+0.0206%4h$16.8M$21.4M10x
KuCoin BTWUSDTM+0.0994%4h$7.9M$2.4M10xas long as short
Aster BTWUSDT+0.1128%4h$2.4M$1.0M5xas long as short
BingX BTW-USDT+0.1730%4h$3.7Mas long as short
MEXC BTW_USDT+0.1806%4h$15.8M$4.1M20xas long as short
Extended BTW-USD+0.1808%1h$37K$4K5xas long as short
Binance BTWUSDTlong+0.1810%4h$122.6M$92.3M10x
edgeX BTWUSDC+0.1822%4h$306K$410K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate BTW_USDT+0.2548%4h$3.7M$7.3M10xas long as short