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

BTW

all BTW markets
SwapFunding view
Alert
Spread before costs (cost unknown: a leg has no order-book sample)+0.296%
7d averageif it closes, per $10,000$30funding while held, a day+$5.04
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BTWUSDT0.93750.2136pay 0.1068% / 4h2h 38m$2.6M$1.7M5x
ShortExtended BTW-USD0.94020.2304get 0.0288% / 1h38m 19s$44K$9K5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

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

Profit calculator

Spread captured
$29.56
Funding while held
$5.04
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$21.6
Spread needed to break even
0.130%
Slippage unknown: Aster: live order book, 2 min ago; Extended: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0168%
Per $10,000 a day
+$5.04
Average in range /8h

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, 2 min ago0.58 bp23.4 bp −$23508.0 bp −$5,080doesn't fitdoesn't fit
Sell Extended no order-book sample
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BTW price on every exchange

against the cheapest. Click to use as the short leg.

BTW on 11 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin BTWUSDTM−0.187%+0.1548%4h$8.9M$3.0M10xas long as short
HTX BTW-USDT−0.129%+0.0100%4h$233K$586K10xas long as short
Gate BTW_USDT−0.043%+0.1836%4h$4.1M$9.8M10xas long as short
Aster BTWUSDTlong0.000%+0.2136%4h$2.6M$1.7M5x
Bybit BTWUSDT+0.017%+0.1530%4h$18.8M$24.1M10xas long as short
edgeX BTWUSDC+0.142%+0.2294%4h$349K$439K10xas long as short
Binance BTWUSDT+0.152%+0.2302%4h$133.2M$107.6M10xas long as short
MEXC BTW_USDT+0.153%+0.2300%4h$15.4M$4.4M20xas long as short
BingX BTW-USDT+0.260%+0.1072%4h$4.1Mas long as short
Bitget BTWUSDT+0.288%+0.1542%4h$30.0M$7.9M5xas long as short
Show all 11 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended BTW-USDshort+0.296%+0.2304%1h$44K$9K5x