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

BTW

all BTW markets
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Funding spread now, next payment 16:00 UTC+0.1958%/8h
next payment, per $10,000+$9.79paid, last 24h+0.261%paid, last 7 days+1.267%to open and close $10k−$100
The current rate is far above what this pair has been paying: over the last 7 days it paid 1.267% in total (about 66.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.79 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 BTWUSDT0.86590.0100pay 0.0050% / 4h3h 33m$27.3M$6.0M5x
ShortBinance BTWUSDT0.86580.2058get 0.1029% / 4h3h 33m$122.2M$86.1M10x

Funding history

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Funding on every exchange

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Profit calculator

Funding earned
$411.25
Slippage, 4 orders
−$77.63
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
$311.62
Break-even
1.7 days
Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 11 min ago.

Price risk

price view
Price gap now
−0.014%
Avg gap 7d
+0.001%
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 Binance live order book, 11 min ago0.58 bp16.3 bp −$1660.6 bp −$606doesn't fitdoesn't fit

BTW on 11 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bitget BTWUSDTlong+0.0100%4h$27.3M$6.0M5x
HTX BTW-USDT+0.0100%4h$225K$449K10xas long as short
Bybit BTWUSDT+0.0172%4h$17.4M$20.6M10xas long as short
Aster BTWUSDT+0.0787%4h$2.3M$823K5xas long as short
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 BTWUSDTshort+0.2058%4h$122.2M$86.1M10x
Show all 11 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
edgeX BTWUSDC+0.2066%4h$323K$420K10xas long as short