Settings8H · net · $10k
Funding arb · Price arb /

BTW

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0138%/8h= +15.1% APRnext payment +$0.69 per $10,000 · paid last 24h −0.079%
Price spread now: Bitget against Aster+0.069%7-day average +0.147% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1251.247% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.078%−$8 on $10k
Price spread, last 7 days−0.074%−$7 · spread now +0.069%, 7d avg +0.147%
Together, before fees−0.153%+ Points / potential airdropAster: Stage 5 · farm board−$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.078% cheaper against Aster than usual: you would sell low and buy high (spread +0.069% now, against its 7-day average of +0.147%). If the spread goes back, that is −$8 on $10k: about 45 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 5 days funding on this pair cost −0.078%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BTWUSDT0.82300.1286pay 0.0643% / 4h55m 53s$2.3M$2.8M5x
ShortBitget BTWUSDT0.82360.1424get 0.0712% / 4h55m 53s$26.1M$13.3M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Aster. 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

Funding earned
$29
Price spread: +0.069% → +0.147%
−$7.77
Slippage, 4 orders
−$104.66
Fee Aster: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$103.43
Costs to cover
1.247%
Break-even
32.0 days
Slippage from Aster: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 3 min ago6.37 bp31.7 bp −$32817.7 bp −$8,177doesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago7.99 bp35.5 bp −$36doesn't fitdoesn't fitdoesn't fit

BTW on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX BTW-USDT+0.0100%4h0.8342+1.357%$205K$759K10xas long as short
Gate BTW_USDT+0.0700%4h0.8239+0.100%$3.6M$15.8M10xas long as short
Aster BTWUSDTlong+0.1286%4h0.8230long leg$2.3M$2.8M5x
KuCoin BTWUSDTM+0.1368%4h0.8235+0.056%$7.6M$4.7M10xas long as short
Bitget BTWUSDTshort+0.1424%4h0.8236+0.069%$26.1M$13.3M5x
MEXC BTW_USDT+0.1458%4h0.8225−0.067%$9.9M$6.1M20xas long as short
Extended BTW-USD+0.1480%1h0.8223−0.085%$39K$11K5xas long as short
Binance BTWUSDT+0.1481%4h0.8223−0.089%$114.6M$167.0M10xas long as short
edgeX BTWUSDC+0.1493%4h0.8099−1.594%$334K$497K10xas long as short
BingX BTW-USDT+0.1948%4h0.8226−0.055%$4.4Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit BTWUSDT+0.2005%4h0.8220−0.125%$15.9M$38.3M10xas long as short