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

BTW

all BTW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h +0.008%
Price spread now: Extended against edgeX−0.700%93s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · Extended: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.700% cheaper against edgeX than usual: you would sell low and buy high, −$70 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX BTWUSDC0.77130.0901pay 0.0450% / 4h2h 45m$318K$501K10x
ShortExtended BTW-USD0.76590.0896get 0.0112% / 1h45m 50s$33K$15K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$1.03
Price spread: −0.700% → 0.000%
−$70.02
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$85.05
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 63 min ago; Extended: no order-book sample. Net counts fees only.

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, 63 min ago3.28 bp11.6 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Extended no order-book sample
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%4h0.7710−0.042%$191K$743K10xas long as short
Gate BTW_USDT+0.0136%4h0.7651−0.810%$3.2M$16.2M10xas long as short
KuCoin BTWUSDTM+0.0502%4h0.7634−1.025%$6.9M$4.8M10xas long as short
Aster BTWUSDT+0.0709%4h0.7661−0.671%$2.1M$3.0M5xas long as short
Bitget BTWUSDT+0.0740%4h0.7673−0.524%$24.1M$13.6M5xas long as short
Bybit BTWUSDT+0.0823%4h0.7651−0.801%$14.6M$39.1M10xas long as short
BingX BTW-USDT+0.0862%4h0.7645−0.885%$4.3Mas long as short
Binance BTWUSDT+0.0893%4h0.7639−0.965%$106.2M$169.5M10xas long as short
Extended BTW-USDshort+0.0896%1h0.7659−0.700%$33K$15K5x
MEXC BTW_USDT+0.0898%4h0.7648−0.846%$9.1M$6.2M20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX BTWUSDClong+0.0901%4h0.7713long leg$318K$501K10x