Funding you earn now, next payment 00:00 UTC+0.0550%/8h= +60.2% APRnext payment +$2.75 per $10,000 · paid last 24h +0.284%
Price spread now: Gate against HTX+0.109%7-day average −0.336% · you sell dearer than you buy
Net, funding: paid 7d − costs−$717as in the Funding arb table
Net, price: spread back to 7d avg − costs−$785as in the Price arb table
costs, in and out, $10k−$8308.296% of the position
Funding, last 7 days+1.128%+$113 on $10k
+Price spread, last 3 days (all we have)−0.686%−$69 · spread now +0.109%, 7d avg −0.336%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Gate is 0.445% dearer against HTX than usual: you sell high and buy low: +$45 more if the spread goes back to its 7-day average of −0.336%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX BTW-USDT | 0.8220 | 0.0100 | pay 0.0050% / 4h | 49m 10s | $204K | $765K | 10x |
| Short | Gate BTW_USDT | 0.8229 | 0.0650 | get 0.0325% / 4h | 49m 10s | $3.6M | $15.8M | 10x |
HTX BTW-USDT
Gate BTW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $115.5
- Price spread: +0.109% → −0.336%
- $44.53
- Slippage, 4 orders
- −$802.65
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$669.62
- Costs to cover
- 8.296%
- Break-even
- 47.6 days
Slippage from HTX: live order book, 29 min ago; Gate: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy HTX live order book, 29 min ago | 52.72 bp | 420.6 bp −$421 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 9.71 bp | 44.4 bp −$44 | 69.9 bp −$699 | doesn't fit | doesn't fit |
BTW on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDTlong | +0.0100% | 4h | 0.8220 | long leg | $204K | $765K | 10x | |
| Gate BTW_USDTshort | +0.0650% | 4h | 0.8229 | +0.109% | $3.6M | $15.8M | 10x | |
| Aster BTWUSDT | +0.1260% | 4h | 0.8238 | +0.215% | $2.3M | $2.8M | 5x | as long as short |
| KuCoin BTWUSDTM | +0.1348% | 4h | 0.8231 | +0.131% | $7.6M | $4.7M | 10x | as long as short |
| Bitget BTWUSDT | +0.1400% | 4h | 0.8225 | +0.065% | $26.0M | $13.4M | 5x | as long as short |
| edgeX BTWUSDC | +0.1447% | 4h | 0.8192 | −0.342% | $338K | $499K | 10x | as long as short |
| Extended BTW-USD | +0.1448% | 1h | 0.8255 | +0.424% | $39K | $11K | 5x | as long as short |
| MEXC BTW_USDT | +0.1448% | 4h | 0.8235 | +0.183% | $9.9M | $6.1M | 20x | as long as short |
| Binance BTWUSDT | +0.1450% | 4h | 0.8229 | +0.110% | $114.7M | $167.3M | 10x | as long as short |
| Bybit BTWUSDT | +0.1885% | 4h | 0.8209 | −0.135% | $15.9M | $38.4M | 10x | as long as short |
Aster BTWUSDT
KuCoin BTWUSDTM
Bitget BTWUSDT
edgeX BTWUSDC
Extended BTW-USD
MEXC BTW_USDT
Binance BTWUSDT
Bybit BTWUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTW-USDT | +0.1898% | 4h | 0.8224 | +0.050% | — | $4.4M | — | as long as short |
BingX BTW-USDT