Funding you earn now, next payment 08:00 UTC−0.0238%/8h= −26.1% APRnext payment −$1.19 per $10,000 · paid last 24h −0.242%
Price spread now: Bitget against MEXC+0.088%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$207as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$810.815% of the position
Funding, last 7 days−1.253%−$125 on $10k
+Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.088%, 7d avg +0.026%
=The price spread pays, funding is against you. Bitget is 0.062% dearer against MEXC than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of +0.026%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−1.253% in total) that is about 8 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC BTW_USDT | 0.8063 | 0.0926 | pay 0.0463% / 4h | 21m 14s | $9.0M | $6.4M | 20x |
| Short | Bitget BTWUSDT | 0.8070 | 0.0688 | get 0.0344% / 4h | 21m 14s | $25.3M | $14.9M | 5x |
MEXC BTW_USDT
Bitget BTWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against MEXC. 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
- −$49.98
- Price spread: +0.088% → +0.026%
- $6.17
- Slippage, 4 orders
- −$69.45
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$125.27
- Costs to cover
- 0.815%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; Bitget: live order book, 3 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 MEXC live order book, 2 min ago | 1.24 bp | 7.8 bp −$8 | 37.6 bp −$376 | 222.4 bp −$22.2K | 621.9 bp −$310.9K |
| Sell Bitget live order book, 3 min ago | 5.46 bp | 35.9 bp −$36 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BTWUSDTM | +0.0100% | 4h | 0.8050 | −0.159% | $7.2M | $4.8M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.8060 | −0.043% | $209K | $745K | 10x | as long as short |
| Bybit BTWUSDT | +0.0454% | 4h | 0.8055 | −0.095% | $15.6M | $41.0M | 10x | as long as short |
| Gate BTW_USDT | +0.0606% | 4h | 0.8051 | −0.153% | $3.3M | $17.6M | 10x | as long as short |
| Bitget BTWUSDTshort | +0.0688% | 4h | 0.8070 | +0.088% | $25.3M | $14.9M | 5x | |
| BingX BTW-USDT | +0.0878% | 4h | 0.8065 | +0.025% | — | $4.0M | — | as long as short |
| Aster BTWUSDT | +0.0898% | 4h | 0.8056 | −0.092% | $2.2M | $3.3M | 5x | as long as short |
| edgeX BTWUSDC | +0.0917% | 4h | 0.8057 | −0.072% | $350K | $508K | 10x | as long as short |
| MEXC BTW_USDTlong | +0.0926% | 4h | 0.8063 | long leg | $9.0M | $6.4M | 20x | |
| Binance BTWUSDT | +0.0927% | 4h | 0.8065 | +0.028% | $112.0M | $176.7M | 10x | as long as short |
KuCoin BTWUSDTM
HTX BTW-USDT
Bybit BTWUSDT
Gate BTW_USDT
BingX BTW-USDT
Aster BTWUSDT
edgeX BTWUSDC
Binance BTWUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BTW-USD | +0.0928% | 1h | 0.8062 | −0.014% | $35K | $15K | 5x | as long as short |
Extended BTW-USD