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

BTW

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Funding spread now, next payment 20:00 UTC+0.0918%/8h
next payment, per $10,000+$4.59paid, last 24h+0.194%paid, last 7 days+0.508%to open and close $10k−$271
The current rate is far above what this pair has been paying: over the last 7 days it paid 0.508% in total (about 26.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.59 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
LongKuCoin BTWUSDTM0.93940.1440pay 0.0720% / 4h1h 45m$8.9M$3.2M10x
ShortMEXC BTW_USDT0.94100.2358get 0.1179% / 4h1h 45m$15.4M$4.6M20x

Funding history

latest
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Funding on every exchange

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Profit calculator

Funding earned
$192.78
Slippage, 4 orders
−$259.49
Fee KuCoin: 6 bp × 2 orders
−$12
Fee MEXC: 0 bp × 2 orders
$0
Net
−$78.71
Break-even
9.9 days
Slippage from KuCoin: live order book, 10 min ago; MEXC: live order book, 5 min ago.

Price risk

price view
Price gap now
+0.168%
Avg gap 7d
+0.063%
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 KuCoin live order book, 10 min ago8.09 bp78.8 bp −$79doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 5 min ago1.60 bp7.3 bp −$739.2 bp −$392228.3 bp −$22.8K707.8 bp −$353.9K

BTW on 11 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
HTX BTW-USDT+0.0100%4h$232K$589K10xas long as short
BingX BTW-USDT+0.0682%4h$4.1Mas long as short
Bybit BTWUSDT+0.0935%4h$19.0M$24.4M10xas long as short
Gate BTW_USDT+0.1328%4h$4.1M$10.0M10xas long as short
KuCoin BTWUSDTMlong+0.1440%4h$8.9M$3.2M10x
Bitget BTWUSDT+0.1696%4h$30.1M$8.1M5xas long as short
Aster BTWUSDT+0.2204%4h$2.6M$1.8M5xas long as short
Extended BTW-USD+0.2352%1h$45K$9K5xas long as short
Binance BTWUSDT+0.2354%4h$133.7M$110.4M10xas long as short
MEXC BTW_USDTshort+0.2358%4h$15.4M$4.6M20x
Show all 11 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
edgeX BTWUSDC+0.2359%4h$347K$437K10xas long as short