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

BTW

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0364%/8h= +39.9% APRnext payment +$1.82 per $10,000 · paid last 24h +0.221%
Price spread now: edgeX against Aster+0.357%80s7-day average +0.159% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1301.300% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.851%+$85 on $10k
Price spread, last 3 days (all we have)−0.502%−$50 · spread now +0.357%, 7d avg +0.159%
Together, before fees+0.350%+ Points / potential airdropAster: Stage 5 · edgeX: Active · farm board+$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and edgeX is 0.199% dearer against Aster than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.159%. The two prices were read 80 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BTWUSDT0.89130.1512pay 0.0756% / 4h2h 22m$2.4M$2.6M5x
ShortedgeX BTWUSDC0.89450.1876get 0.0938% / 4h2h 22m$369K$491K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$76.44
Price spread: +0.357% → +0.159%
$19.86
Slippage, 4 orders
−$112.98
Fee Aster: 4 bp × 2 orders
−$8
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$33.68
Costs to cover
1.300%
Break-even
10.1 days
Slippage from Aster: live order book, 1 min ago; edgeX: live order book, 42 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, 1 min ago5.05 bp20.5 bp −$20697.8 bp −$6,978doesn't fitdoesn't fit
Sell edgeX live order book, 42 min ago28.78 bp37.5 bp −$38doesn'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%4h0.8867−0.514%$217K$765K10xas long as short
Gate BTW_USDT+0.0374%4h0.8937+0.268%$3.9M$15.2M10xas long as short
KuCoin BTWUSDTM+0.1370%4h0.8901−0.137%$8.2M$4.6M10xas long as short
Aster BTWUSDTlong+0.1512%4h0.8913long leg$2.4M$2.6M5x
Bitget BTWUSDT+0.1618%4h0.8900−0.148%$28.1M$12.8M5xas long as short
MEXC BTW_USDT+0.1858%4h0.8874−0.440%$11.6M$6.0M20xas long as short
Binance BTWUSDT+0.1868%4h0.8885−0.322%$124.3M$158.6M10xas long as short
Extended BTW-USD+0.1872%1h0.8898−0.172%$43K$13K5xas long as short
edgeX BTWUSDCshort+0.1876%4h0.8945+0.357%$369K$491K10x
BingX BTW-USDT+0.2502%4h0.8871−0.474%$4.3Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit BTWUSDT+0.2660%4h0.8872−0.463%$16.8M$35.8M10xas long as short