Funding arb · Price arb /

AWE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance+0.061%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$1351.352% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.061%, 7d avg +0.004%

Together, before fees−0.099%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.057% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AWEUSDT	0.06408	0.0100	pay 0.0050% / 4h	3h 57m	$2.2M	$1.4M	40x
Short	Bitget AWEUSDT	0.06412	0.0100	get 0.0050% / 4h	3h 57m	$441K	$257K	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BitgetbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → +0.004%: $5.67
Slippage, 4 orders: −$113.17
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$129.5
Costs to cover: 1.352%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Bitget: live order book, 8 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 Binance live order book, 7 min ago	3.12 bp	27.0 bp −$27	134.0 bp −$1,340	doesn't fit	doesn't fit
Sell Bitget live order book, 8 min ago	5.93 bp	39.2 bp −$39	134.1 bp −$1,341	doesn't fit	doesn't fit

AWE on 9 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
BloFin AWE-USDT	+0.0070%	4h	0.06419	+0.172%	$142K	$23K	40x	as long as short
Aster AWEUSDT	+0.0100%	4h	0.06412	+0.070%	$2K	$8K	5x	as long as short
Binance AWEUSDTlong	+0.0100%	4h	0.06408	long leg	$2.2M	$1.4M	40x
Bybit AWEUSDT	+0.0100%	4h	0.06416	+0.125%	$538K	$221K	25x	as long as short
Gate AWE_USDT	+0.0100%	8h	0.06408	0.000%	$47K	$36K	25x	as long as short
MEXC AWE_USDT	+0.0100%	4h	0.06406	−0.031%	$1.1M	$131K	20x	as long as short
Bitget AWEUSDTshort	+0.0100%	4h	0.06412	+0.061%	$441K	$257K	40x
KuCoin AWEUSDTM	+0.0200%	4h	0.06421	+0.203%	$152K	$65K	20x	as long as short
BingX AWE-USDT	+0.0696%	4h	0.06416	+0.125%	—	$6.5M	—	as long as short