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

BTW

all BTW markets
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Funding spread now, next payment 19:00 UTC−0.0005%/8h
paid, last 24h−0.027%paid, last 5 days+0.396%to open and closeno order book
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTW-USD0.95550.2400pay 0.0300% / 1h31m 35s$45K$9K5x
ShortBinance BTWUSDT0.95590.2395get 0.1198% / 4h1h 31m$136.0M$112.1M10x

Funding history

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Funding on every exchange

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Profit calculator

Funding earned
−$0.96
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$15.96
Break-even
never at this rate
Slippage unknown: Extended: no order-book sample; Binance: live order book, 13 min ago. Net counts fees only.

Price risk

price view
Price gap now
+0.043%
Avg gap 7d
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 Extended no order-book sample
Sell Binance live order book, 13 min ago1.59 bp17.9 bp −$1896.6 bp −$966doesn'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.
ExchangeFunding /8hEveryOIVol 24hMax lev
HTX BTW-USDT+0.0100%4h$237K$594K10xas long as short
BingX BTW-USDT+0.0616%4h$4.2Mas long as short
Bybit BTWUSDT+0.0865%4h$19.4M$24.7M10xas long as short
KuCoin BTWUSDTM+0.1444%4h$9.0M$3.2M10xas long as short
Gate BTW_USDT+0.1602%4h$4.2M$10.2M10xas long as short
Bitget BTWUSDT+0.1764%4h$30.5M$8.2M5xas long as short
Aster BTWUSDT+0.2292%4h$2.7M$1.9M5xas long as short
edgeX BTWUSDC+0.2368%4h$355K$437K10xas long as short
Binance BTWUSDTshort+0.2395%4h$136.0M$112.1M10x
MEXC BTW_USDT+0.2396%4h$15.8M$4.7M20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Extended BTW-USDlong+0.2400%1h$45K$9K5x