Funding you earn now, next payment 04:00 UTC−0.0602%/8h= −66.0% APRnext payment −$3.01 per $10,000 · paid last 24h −0.193%
Price spread now: HTX against Bybit+0.593%7-day average +0.247% · you sell dearer than you buy
Net, funding: paid 7d − costs−$796as in the Funding arb table
Net, price: spread back to 7d avg − costs−$683as in the Price arb table
costs, in and out, $10k−$7187.176% of the position
Funding, last 7 days−0.781%−$78 on $10k
+Price spread, last 3 days (all we have)−0.172%−$17 · spread now +0.593%, 7d avg +0.247%
=The price spread pays, funding is against you. HTX is 0.346% dearer against Bybit than usual: you sell high and buy low (spread +0.593% now, against its 7-day average of +0.247%): +$35 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 46 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BTWUSDT | 0.7592 | 0.0702 | pay 0.0351% / 4h | 2h 15m | $14.4M | $39.4M | 10x |
| Short | HTX BTW-USDT | 0.7637 | 0.0100 | get 0.0050% / 4h | 2h 15m | $189K | $743K | 10x |
Bybit BTWUSDT
HTX BTW-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Bybit. 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
- −$126.52
- Price spread: +0.593% → +0.247%
- $34.62
- Slippage, 4 orders
- −$694.61
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$809.5
- Costs to cover
- 7.176%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; HTX: live order book, 53 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 Bybit live order book, 3 min ago | 5.03 bp | 55.2 bp −$55 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 53 min ago | 29.49 bp | 309.1 bp −$309 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate BTW_USDT | +0.0100% | 4h | 0.7631 | +0.507% | $3.2M | $16.4M | 10x | as long as short |
| HTX BTW-USDTshort | +0.0100% | 4h | 0.7637 | +0.593% | $189K | $743K | 10x | |
| KuCoin BTWUSDTM | +0.0234% | 4h | 0.7627 | +0.457% | $6.9M | $4.8M | 10x | as long as short |
| Bitget BTWUSDT | +0.0612% | 4h | 0.7612 | +0.260% | $23.9M | $13.7M | 5x | as long as short |
| Bybit BTWUSDTlong | +0.0702% | 4h | 0.7592 | long leg | $14.4M | $39.4M | 10x | |
| Aster BTWUSDT | +0.0707% | 4h | 0.7614 | +0.281% | $2.1M | $3.0M | 5x | as long as short |
| BingX BTW-USDT | +0.0804% | 4h | 0.7618 | +0.340% | — | $4.3M | — | as long as short |
| edgeX BTWUSDC | +0.0839% | 4h | 0.7520 | −0.949% | $310K | $502K | 10x | as long as short |
| Extended BTW-USD | +0.0880% | 1h | 0.7616 | +0.315% | $33K | $15K | 5x | as long as short |
| MEXC BTW_USDT | +0.0880% | 4h | 0.7620 | +0.366% | $9.0M | $6.3M | 20x | as long as short |
Gate BTW_USDT
KuCoin BTWUSDTM
Bitget BTWUSDT
Aster BTWUSDT
BingX BTW-USDT
edgeX BTWUSDC
Extended BTW-USD
MEXC BTW_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BTWUSDT | +0.0882% | 4h | 0.7596 | +0.051% | $105.6M | $170.6M | 10x | as long as short |
Binance BTWUSDT