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

BTW

all BTW markets
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Funding spread now, next payment 16:00 UTC−0.2225%/8h
next payment, per $10,000$11.12paid, last 24h−0.151%paid, last 7 days−0.402%to open and close $10k−$201
The current rate is far above what this pair has been paying: over the last 7 days it paid -0.402% in total (about -20.9% a year). A funding rate is set anew for every payment; at this rate the next one is about $11.12 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_USDT0.86110.2418pay 0.1209% / 4h2h 39m$3.7M$7.2M10x
ShortBybit BTWUSDT0.85850.0193get 0.0097% / 4h2h 39m$16.6M$21.3M10x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
−$467.16
Slippage, 4 orders
−$175.17
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$668.32
Break-even
never at this rate
Slippage from Gate: live order book, just now; Bybit: live order book, just now.

Price risk

price view
Price gap now
−0.307%
Avg gap 7d
+0.050%
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, just now9.61 bp45.0 bp −$45104.4 bp −$1,044doesn't fitdoesn't fit
Sell Bybit live order book, just now8.95 bp68.2 bp −$68242.3 bp −$2,423doesn't fitdoesn't fit

BTW on 11 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bitget BTWUSDT+0.0100%4h$27.0M$6.5M5xas long as short
HTX BTW-USDT+0.0100%4h$216K$468K10xas long as short
Bybit BTWUSDTshort+0.0193%4h$16.6M$21.3M10x
KuCoin BTWUSDTM+0.1010%4h$7.8M$2.3M10xas long as short
Aster BTWUSDT+0.1047%4h$2.4M$1.0M5xas long as short
BingX BTW-USDT+0.1772%4h$3.7Mas long as short
MEXC BTW_USDT+0.1804%4h$15.8M$4.1M20xas long as short
Binance BTWUSDT+0.1805%4h$121.2M$91.5M10xas long as short
Extended BTW-USD+0.1808%1h$37K$4K5xas long as short
edgeX BTWUSDC+0.1822%4h$306K$410K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Gate BTW_USDTlong+0.2418%4h$3.7M$7.2M10x