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

BTW

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0068%/8hnext payment +$0.34 per $10,000 · paid last 24h +0.232%
Price spread now: MEXC against Aster+0.419%7-day average +0.136% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$810.814% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.845%+$85 on $10k
Price spread, last 7 days−0.418%−$42 · spread now +0.419%, 7d avg +0.136%
Together, before fees+0.427%+ Points / potential airdropAster: Stage 5 · farm board+$43 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.283% dearer against Aster than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.136%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster BTWUSDT0.96470.2238pay 0.1119% / 4h6m 10s$2.8M$2.1M5x
ShortMEXC BTW_USDT0.96870.2306get 0.1153% / 4h6m 10s$15.5M$4.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
$14.19
Price spread: +0.419% → +0.136%
$28.3
Slippage, 4 orders
−$73.44
Fee Aster: 4 bp × 2 orders
−$8
Fee MEXC: 0 bp × 2 orders
$0
Net
−$38.95
Costs to cover
0.814%
Break-even
26.2 days
Slippage from Aster: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago4.98 bp19.7 bp −$20269.5 bp −$2,695doesn't fitdoesn't fit
Sell MEXC live order book, 2 min ago1.55 bp9.7 bp −$1028.1 bp −$281296.3 bp −$29.6K900.2 bp −$450.1K

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%4h0.9638−0.090%$239K$597K10xas long as short
BingX BTW-USDT+0.0838%4h0.9694+0.491%$4.1Mas long as short
Bybit BTWUSDT+0.1227%4h0.9674+0.285%$19.6M$25.9M10xas long as short
KuCoin BTWUSDTM+0.1298%4h0.9638−0.086%$9.0M$3.3M10xas long as short
Gate BTW_USDT+0.1348%4h0.9651+0.046%$4.3M$10.8M10xas long as short
Bitget BTWUSDT+0.1932%4h0.9705+0.604%$31.0M$8.3M5xas long as short
Aster BTWUSDTlong+0.2238%4h0.9647long leg$2.8M$2.1M5x
MEXC BTW_USDTshort+0.2306%4h0.9687+0.419%$15.5M$4.9M20x
Binance BTWUSDT+0.2310%4h0.9685+0.400%$137.8M$115.5M10xas long as short
Extended BTW-USD+0.2312%1h0.9679+0.331%$46K$10K5xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX BTWUSDC+0.2315%4h0.9613−0.346%$357K$443K10xas long as short