data as of
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Price arb /

BTW

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$68
spread now+0.040%7d average+0.036%fees + slippage, in and out−$69spread needed0.687%
Long on BinanceShort on BingX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BTWUSDT0.94120.2354pay 0.1177% / 4h1h 45m$133.8M$110.3M10x
ShortBingX BTW-USDT0.94160.0682get 0.0341% / 4h1h 45m—$4.1M—

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
$4.04
Funding while held
−$50.17
Slippage, 4 orders
−$48.67
Fee Binance: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$114.81
Spread needed to break even
0.687%
Slippage from Binance: live order book, 14 min ago; BingX: live order book, 11 min ago.

Cost of waiting

funding view
Funding /8h
−0.1672%
Per $10,000 a day
−$50.17
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 Binance live order book, 14 min ago1.06 bp17.3 bp −$1766.5 bp −$665doesn't fitdoesn't fit
Sell BingX live order book, 11 min ago3.72 bp20.1 bp −$2077.8 bp −$778604.5 bp −$60.5Kdoesn't fit

BTW price on every exchange

against the cheapest. Click to use as the short leg.
edgeX0.9333cheapestHTX0.9369+0.383%Gate0.9390+0.613%Bybit0.9394+0.656%Extended0.9399+0.704%Aster0.9410+0.824%KuCoin0.9412+0.849%
Binance0.9412+0.850%
MEXC0.9414+0.869%
BingX0.9416+0.890%
Bitget0.9424+0.980%

BTW on 11 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX BTWUSDC−0.842%+0.2359%4h$347K$437K10xas long as short
HTX BTW-USDT−0.462%+0.0100%4h$232K$589K10xas long as short
Gate BTW_USDT−0.235%+0.1328%4h$4.1M$10.0M10xas long as short
Bybit BTWUSDT−0.192%+0.0935%4h$19.1M$24.4M10xas long as short
Extended BTW-USD−0.145%+0.2360%1h$45K$9K5xas long as short
Aster BTWUSDT−0.025%+0.2204%4h$2.6M$1.8M5xas long as short
KuCoin BTWUSDTM0.000%+0.1440%4h$8.9M$3.2M10xas long as short
Binance BTWUSDTlong0.000%+0.2354%4h$133.8M$110.3M10x
MEXC BTW_USDT+0.019%+0.2358%4h$15.4M$4.6M20xas long as short
BingX BTW-USDTshort+0.040%+0.0682%4h—$4.1M—
Show all 11 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget BTWUSDT+0.129%+0.1696%4h$30.1M$8.1M5xas long as short