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

BTW

all BTW markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0900%/8h= −98.5% APRpaid last 24h −0.459%
Price spread now: HTX against Extended+0.085%7-day average · you sell dearer than you buy
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 · farm boardneeds both histories
The price spread pays, funding is against you. HTX is 0.085% dearer against Extended than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 8 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTW-USD0.83570.1000pay 0.0125% / 1h40m 10s$36K$15K5x
ShortHTX BTW-USDT0.83640.0100get 0.0050% / 4h40m 10s$215K$795K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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
−$189
Price spread: +0.085% → 0.000%
$8.5
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee HTX: 6 bp × 2 orders
−$12
Net
−$197.5
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Extended: no order-book sample; HTX: live order book, 19 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 HTX live order book, 19 min ago43.93 bp870.9 bp −$871doesn't fitdoesn'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
Gate BTW_USDT+0.0100%4h0.8354−0.040%$3.5M$17.7M10xas long as short
KuCoin BTWUSDTM+0.0100%4h0.8348−0.109%$7.4M$4.9M10xas long as short
HTX BTW-USDTshort+0.0100%4h0.8364+0.085%$215K$795K10x
Bybit BTWUSDT+0.0177%4h0.8369+0.151%$16.2M$41.6M10xas long as short
Bitget BTWUSDT+0.0638%4h0.8384+0.331%$26.4M$15.1M5xas long as short
BingX BTW-USDT+0.0936%4h0.8380+0.277%$4.4Mas long as short
edgeX BTWUSDC+0.0986%4h0.8284−0.868%$341K$501K10xas long as short
MEXC BTW_USDT+0.0996%4h0.8368+0.133%$9.6M$6.4M20xas long as short
Binance BTWUSDT+0.0997%4h0.8363+0.074%$116.5M$180.2M10xas long as short
Extended BTW-USDlong+0.1000%1h0.8357long leg$36K$15K5x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BTWUSDT+0.1000%4h0.8354−0.036%$2.3M$3.2M5xas long as short