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

BTW

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0371%/8h= −40.6% APRpaid last 24h −0.218%
Price spread now: Aster against Extended−0.355%7-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 airdropExtended: Active · Aster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Aster is 0.355% cheaper against Extended than usual: you would sell low and buy high (−$35 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTW-USD0.87280.1856pay 0.0232% / 1h20m 24s$42K$13K5x
ShortAster BTWUSDT0.86970.1485get 0.0743% / 4h2h 20m$2.4M$2.6M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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
−$77.88
Price spread: −0.355% → 0.000%
−$35.46
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aster: 4 bp × 2 orders
−$8
Net
−$126.34
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Extended: no order-book sample; Aster: live order book, 3 min ago. 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 Extended no order-book sample
Sell Aster live order book, 3 min ago5.05 bp31.7 bp −$32727.0 bp −$7,270doesn't fitdoesn't fit
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%4h0.8894+1.904%$218K$765K10xas long as short
Gate BTW_USDT+0.0200%4h0.8721−0.083%$3.8M$15.2M10xas long as short
KuCoin BTWUSDTM+0.1374%4h0.8667−0.703%$7.9M$4.6M10xas long as short
Aster BTWUSDTshort+0.1485%4h0.8697−0.355%$2.4M$2.6M5x
Bitget BTWUSDT+0.1608%4h0.8696−0.369%$27.5M$12.7M5xas long as short
Binance BTWUSDT+0.1846%4h0.8674−0.620%$121.4M$158.9M10xas long as short
Extended BTW-USDlong+0.1856%1h0.8728long leg$42K$13K5x
MEXC BTW_USDT+0.1858%4h0.8682−0.526%$11.3M$6.0M20xas long as short
edgeX BTWUSDC+0.1859%4h0.8920+2.203%$368K$495K10xas long as short
BingX BTW-USDT+0.2502%4h0.8681−0.538%$4.4Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit BTWUSDT+0.2740%4h0.8671−0.653%$16.4M$35.9M10xas long as short