Settings8H · net · $10k
Funding arb · Price arb /

BTW

all BTW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.1049%/8h= +114.8% APRnext payment +$5.24 per $10,000 · paid last 24h −0.152%
Price spread now: BingX against edgeX−0.330%70s7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$204as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1251.250% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.794%−$79 on $10k
Price spread, last 3 days (all we have)+0.260%+$26 · spread now −0.330%, 7d avg +0.028%
Together, before fees−0.534%+ Points / potential airdropedgeX: Active · farm board−$53 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.358% cheaper against edgeX than usual: you would sell low and buy high (spread −0.330% now, against its 7-day average of +0.028%). If the spread goes back, that is −$36 on $10k: about 27 hours of funding at the current rate (+$31 a day). Mind the row above: over the last 7 days funding on this pair cost −0.794%, so the current rate has only just turned in your favour. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX BTWUSDC0.87310.1791pay 0.0896% / 4h2h 06m$360K$496K10x
ShortBingX BTW-USDT0.87020.2840get 0.1420% / 4h2h 06m$4.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against edgeX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$220.23
Price spread: −0.330% → +0.028%
−$35.82
Slippage, 4 orders
−$106.03
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
$59.38
Costs to cover
1.250%
Break-even
5.1 days
Slippage from edgeX: live order book, 57 min ago; BingX: live order book, 24 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 57 min ago28.78 bp40.3 bp −$40doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 24 min ago5.00 bp18.1 bp −$18108.0 bp −$1,080677.0 bp −$67.7Kdoesn't fit

BTW on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX BTW-USDT+0.0100%4h0.8730−0.004%$214K$766K10xas long as short
Gate BTW_USDT+0.0456%4h0.8689−0.483%$3.9M$15.6M10xas long as short
KuCoin BTWUSDTM+0.1456%4h0.8708−0.259%$8.0M$4.7M10xas long as short
Aster BTWUSDT+0.1481%4h0.8691−0.450%$2.4M$2.6M5xas long as short
Bitget BTWUSDT+0.1610%4h0.8711−0.230%$27.6M$12.8M5xas long as short
edgeX BTWUSDClong+0.1791%4h0.8731long leg$360K$496K10x
Extended BTW-USD+0.1808%1h0.8705−0.296%$41K$13K5xas long as short
MEXC BTW_USDT+0.1810%4h0.8701−0.341%$11.3M$6.1M20xas long as short
Binance BTWUSDT+0.1810%4h0.8705−0.290%$121.5M$160.4M10xas long as short
BingX BTW-USDTshort+0.2840%4h0.8702−0.330%$4.4M
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit BTWUSDT+0.3064%4h0.8690−0.467%$16.1M$36.5M10xas long as short