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

BTW

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Funding spread now, next payment 16:00 UTC+0.0597%/8h
next payment, per $10,000+$2.99paid, last 24h+0.089%paid, last 7 days+0.222%to open and close $10k−$109
The current rate is far above what this pair has been paying: over the last 7 days it paid 0.222% in total (about 11.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.99 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BTW_USDT0.90850.1294pay 0.0647% / 4h12m 28s$4.0M$9.3M10x
ShortBinance BTWUSDT0.90940.1891get 0.0946% / 4h12m 28s$128.6M$101.8M10x

Funding history

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Funding on every exchange

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Profit calculator

Funding earned
$125.46
Slippage, 4 orders
−$83.96
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Binance: 5 bp × 2 orders
−$10
Net
$16.5
Break-even
6.1 days
Slippage from Gate: live order book, 2 min ago; Binance: live order book, 2 min ago.

Price risk

price view
Price gap now
+0.103%
Avg gap 7d
+0.147%
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 Gate live order book, 2 min ago7.45 bp38.3 bp −$3872.5 bp −$725doesn't fitdoesn't fit
Sell Binance live order book, 2 min ago0.55 bp20.0 bp −$20120.4 bp −$1,204doesn't fitdoesn't fit

BTW on 11 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
HTX BTW-USDT+0.0100%4h$227K$568K10xas long as short
BingX BTW-USDT+0.0492%4h$4.0Mas long as short
Bitget BTWUSDT+0.0716%4h$28.9M$7.5M5xas long as short
KuCoin BTWUSDTM+0.0920%4h$8.5M$2.8M10xas long as short
Gate BTW_USDTlong+0.1294%4h$4.0M$9.3M10x
Bybit BTWUSDT+0.1463%4h$17.9M$22.5M10xas long as short
Aster BTWUSDT+0.1622%4h$2.5M$1.5M5xas long as short
edgeX BTWUSDC+0.1883%4h$339K$433K10xas long as short
Extended BTW-USD+0.1888%1h$43K$9K5xas long as short
MEXC BTW_USDT+0.1890%4h$15.4M$4.4M20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Binance BTWUSDTshort+0.1891%4h$128.6M$101.8M10x