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

BTW

all BTW markets
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Funding spread now, next payment 16:00 UTC−0.0449%/8h
paid, last 24h−0.269%paid, last 5 days−0.179%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 5 days it paid -0.179% in total (about -13.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTW-USD0.91250.1880pay 0.0235% / 1h7m 37s$43K$9K5x
ShortBybit BTWUSDT0.91110.1431get 0.0715% / 4h7m 37s$18.0M$22.3M10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$94.32
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$110.32
Break-even
never at this rate
Slippage unknown: Extended: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.156%
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 Bybit live order book, 2 min ago4.77 bp49.1 bp −$49217.8 bp −$2,178doesn'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$228K$565K10xas long as short
BingX BTW-USDT+0.0514%4h$3.9Mas long as short
Bitget BTWUSDT+0.0744%4h$29.0M$7.5M5xas long as short
KuCoin BTWUSDTM+0.0954%4h$8.6M$2.8M10xas long as short
Gate BTW_USDT+0.1230%4h$4.0M$9.3M10xas long as short
Bybit BTWUSDTshort+0.1431%4h$18.0M$22.3M10x
Aster BTWUSDT+0.1618%4h$2.5M$1.5M5xas long as short
Extended BTW-USDlong+0.1880%1h$43K$9K5x
MEXC BTW_USDT+0.1882%4h$15.5M$4.4M20xas long as short
Binance BTWUSDT+0.1884%4h$128.9M$101.5M10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
edgeX BTWUSDC+0.1891%4h$340K$431K10xas long as short