Funding you earn now, next payment 00:00 UTC−0.1686%/8h= −184.6% APRnext payment −$8.43 per $10,000 · paid last 24h −0.423%
Price spread now: HTX against Binance+0.306%53s7-day average +0.173% · you sell dearer than you buy
Net, funding: paid 7d − costs−$868as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$7227.218% of the position
Funding, last 7 days−1.457%−$146 on $10k
+Price spread, last 3 days (all we have)+0.357%+$36 · spread now +0.306%, 7d avg +0.173%
=The price spread pays, funding is against you. HTX is 0.133% dearer against Binance than usual: you sell high and buy low (spread +0.306% now, against its 7-day average of +0.173%): +$13 on $10k if it goes back. Holding the pair costs −$51 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−1.457% in total) that is about 15 hours. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BTWUSDT | 0.8735 | 0.1786 | pay 0.0893% / 4h | 1h 47m | $121.9M | $161.2M | 10x |
| Short | HTX BTW-USDT | 0.8761 | 0.0100 | get 0.0050% / 4h | 1h 47m | $215K | $763K | 10x |
Binance BTWUSDT
HTX BTW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$354.11
- Price spread: +0.306% → +0.173%
- $13.33
- Slippage, 4 orders
- −$699.84
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$1,062.61
- Costs to cover
- 7.218%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; HTX: live order book, 36 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, 11 min ago | 1.73 bp | 26.3 bp −$26 | 154.9 bp −$1,549 | doesn't fit | doesn't fit |
| Sell HTX live order book, 36 min ago | 63.90 bp | 360.3 bp −$360 | 2087.6 bp −$20.9K | 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-USDTshort | +0.0100% | 4h | 0.8761 | +0.306% | $215K | $763K | 10x | |
| Gate BTW_USDT | +0.0702% | 4h | 0.8721 | −0.163% | $3.8M | $15.5M | 10x | as long as short |
| KuCoin BTWUSDTM | +0.1488% | 4h | 0.8731 | −0.044% | $8.0M | $4.7M | 10x | as long as short |
| Aster BTWUSDT | +0.1496% | 4h | 0.8737 | +0.022% | $2.4M | $2.7M | 5x | as long as short |
| Bitget BTWUSDT | +0.1640% | 4h | 0.8743 | +0.094% | $27.7M | $12.9M | 5x | as long as short |
| Extended BTW-USD | +0.1784% | 1h | 0.8733 | −0.020% | $42K | $13K | 5x | as long as short |
| Binance BTWUSDTlong | +0.1786% | 4h | 0.8735 | long leg | $121.9M | $161.2M | 10x | |
| MEXC BTW_USDT | +0.1800% | 4h | 0.8735 | +0.002% | $11.2M | $5.9M | 20x | as long as short |
| edgeX BTWUSDC | +0.1806% | 4h | 0.8799 | +0.736% | $363K | $497K | 10x | as long as short |
| BingX BTW-USDT | +0.2886% | 4h | 0.8746 | +0.128% | — | $4.3M | — | as long as short |
Gate BTW_USDT
KuCoin BTWUSDTM
Aster BTWUSDT
Bitget BTWUSDT
Extended BTW-USD
MEXC BTW_USDT
edgeX BTWUSDC
BingX BTW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDT | +0.3008% | 4h | 0.8726 | −0.098% | $16.2M | $36.7M | 10x | as long as short |
Bybit BTWUSDT