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

BTW

all BTW markets
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Funding spread now, next payment 14:00 UTC+0.0740%/8h
paid, last 24h−0.104%paid, last 5 days+0.267%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 0.267% in total (about 19.9% 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-USD0.86990.1808pay 0.0226% / 1h37m 31s$37K$4K5x
ShortGate BTW_USDT0.86620.2548get 0.1274% / 4h2h 37m$3.7M$7.3M10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$155.4
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$135.4
Break-even
0.9 days
Slippage unknown: Extended: no order-book sample; Gate: live order book, 2 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.420%
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 Gate live order book, 2 min ago9.61 bp43.2 bp −$4378.0 bp −$780doesn'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
Bitget BTWUSDT+0.0100%4h$27.4M$6.6M5xas long as short
HTX BTW-USDT+0.0100%4h$221K$471K10xas long as short
Bybit BTWUSDT+0.0206%4h$16.8M$21.4M10xas long as short
KuCoin BTWUSDTM+0.0994%4h$7.9M$2.4M10xas long as short
Aster BTWUSDT+0.1128%4h$2.4M$1.0M5xas long as short
BingX BTW-USDT+0.1730%4h$3.7Mas long as short
edgeX BTWUSDC+0.1805%4h$321K$411K10xas long as short
MEXC BTW_USDT+0.1806%4h$15.8M$4.1M20xas long as short
Extended BTW-USDlong+0.1808%1h$37K$4K5x
Binance BTWUSDT+0.1810%4h$122.8M$92.3M10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate BTW_USDTshort+0.2548%4h$3.7M$7.3M10x