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

BTW

all BTW markets
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Funding spread now, next payment 16:00 UTC+0.0613%/8h
next payment, per $10,000+$3.06paid, last 24h−0.089%paid, last 7 days−0.222%to open and close $10k−$128
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.222% in total (about -11.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.06 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 BTWUSDT0.86220.1805pay 0.0903% / 4h2h 39m$121.4M$91.6M10x
ShortGate BTW_USDT0.86220.2418get 0.1209% / 4h2h 39m$3.7M$7.2M10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$128.68
Slippage, 4 orders
−$103.48
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$0.2
Break-even
7.0 days
Slippage from Binance: live order book, 5 min ago; Gate: live order book, 1 min ago.

Price risk

price view
Price gap now
−0.001%
Avg gap 7d
−0.142%
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, 5 min ago0.61 bp22.6 bp −$2381.0 bp −$810doesn't fitdoesn't fit
Sell Gate live order book, 1 min ago9.61 bp43.2 bp −$4378.0 bp −$780doesn't fitdoesn't fit

BTW on 11 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bitget BTWUSDT+0.0100%4h$27.1M$6.5M5xas long as short
HTX BTW-USDT+0.0100%4h$219K$468K10xas long as short
Bybit BTWUSDT+0.0193%4h$16.6M$21.3M10xas long as short
KuCoin BTWUSDTM+0.1010%4h$7.8M$2.4M10xas long as short
Aster BTWUSDT+0.1047%4h$2.3M$1.0M5xas long as short
BingX BTW-USDT+0.1772%4h$3.7Mas long as short
MEXC BTW_USDT+0.1804%4h$15.7M$4.1M20xas long as short
Binance BTWUSDTlong+0.1805%4h$121.4M$91.6M10x
Extended BTW-USD+0.1808%1h$37K$4K5xas long as short
edgeX BTWUSDC+0.1822%4h$306K$410K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate BTW_USDTshort+0.2418%4h$3.7M$7.2M10x