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

BTW

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Funding spread now, next payment 16:00 UTC+0.0687%/8h
next payment, per $10,000+$3.44paid, last 24h+0.021%paid, last 5 days−0.045%to open and close $10k−$114
The current rate is far above what this pair has been paying: over the last 5 days it paid -0.045% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.44 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
LongBitget BTWUSDT0.86620.0100pay 0.0050% / 4h3h 33m$27.4M$6.0M5x
ShortAster BTWUSDT0.86610.0787get 0.0394% / 4h3h 33m$2.3M$823K5x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$144.35
Slippage, 4 orders
−$94.14
Fee Bitget: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
$30.21
Break-even
5.5 days
Slippage from Bitget: live order book, 2 min ago; Aster: live order book, 2 min ago.

Price risk

price view
Price gap now
−0.002%
Avg gap 7d
−0.139%
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 Bitget live order book, 2 min ago5.71 bp32.7 bp −$33doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 2 min ago2.25 bp26.0 bp −$26305.7 bp −$3,057doesn't fitdoesn't fit

BTW on 11 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bitget BTWUSDTlong+0.0100%4h$27.4M$6.0M5x
HTX BTW-USDT+0.0100%4h$224K$449K10xas long as short
Bybit BTWUSDT+0.0172%4h$17.4M$20.6M10xas long as short
Aster BTWUSDTshort+0.0787%4h$2.3M$823K5x
Gate BTW_USDT+0.1050%4h$3.9M$7.3M10xas long as short
KuCoin BTWUSDTM+0.1264%4h$7.9M$2.2M10xas long as short
BingX BTW-USDT+0.1974%4h$3.7Mas long as short
Extended BTW-USD+0.2056%1h$37K$4K5xas long as short
MEXC BTW_USDT+0.2058%4h$16.4M$4.1M20xas long as short
Binance BTWUSDT+0.2058%4h$122.2M$86.1M10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
edgeX BTWUSDC+0.2066%4h$323K$420K10xas long as short