Funding you earn now, next payment 00:00 UTC+0.0006%/8h= +0.6% APRnext payment +$0.03 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Binance+0.024%7-day average −0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$560.556% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 7 days−0.109%−$11 · spread now +0.024%, 7d avg −0.005%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.029% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BTWUSDT | 0.8345 | 0.1634 | pay 0.0817% / 4h | 1h 14m | $116.2M | $166.0M | 10x |
| Short | MEXC BTW_USDT | 0.8347 | 0.1640 | get 0.0820% / 4h | 1h 14m | $10.2M | $6.1M | 20x |
Binance BTWUSDT
MEXC BTW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $1.18
- Price spread: +0.024% → −0.005%
- $2.89
- Slippage, 4 orders
- −$45.56
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$51.49
- Costs to cover
- 0.556%
- Break-even
- 311.3 days
Slippage from Binance: live order book, 14 min ago; MEXC: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Binance live order book, 14 min ago | 2.43 bp | 19.9 bp −$20 | 232.0 bp −$2,320 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.43 bp | 4.8 bp −$5 | 24.7 bp −$247 | 227.8 bp −$22.8K | 641.3 bp −$320.6K |
BTW on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDT | +0.0100% | 4h | 0.8222 | −1.474% | $202K | $765K | 10x | as long as short |
| Gate BTW_USDT | +0.0750% | 4h | 0.8354 | +0.105% | $3.7M | $15.9M | 10x | as long as short |
| Aster BTWUSDT | +0.1376% | 4h | 0.8344 | −0.006% | $2.3M | $2.8M | 5x | as long as short |
| KuCoin BTWUSDTM | +0.1410% | 4h | 0.8348 | +0.038% | $7.7M | $4.7M | 10x | as long as short |
| Bitget BTWUSDT | +0.1516% | 4h | 0.8363 | +0.213% | $26.5M | $13.3M | 5x | as long as short |
| Binance BTWUSDTlong | +0.1634% | 4h | 0.8345 | long leg | $116.2M | $166.0M | 10x | |
| Extended BTW-USD | +0.1640% | 1h | 0.8346 | +0.016% | $40K | $11K | 5x | as long as short |
| MEXC BTW_USDTshort | +0.1640% | 4h | 0.8347 | +0.024% | $10.2M | $6.1M | 20x | |
| edgeX BTWUSDC | +0.1677% | 4h | 0.8245 | −1.202% | $340K | $500K | 10x | as long as short |
| BingX BTW-USDT | +0.2286% | 4h | 0.8341 | −0.048% | — | $4.4M | — | as long as short |
HTX BTW-USDT
Gate BTW_USDT
Aster BTWUSDT
KuCoin BTWUSDTM
Bitget BTWUSDT
Extended BTW-USD
edgeX BTWUSDC
BingX BTW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDT | +0.2339% | 4h | 0.8334 | −0.136% | $15.8M | $37.9M | 10x | as long as short |
Bybit BTWUSDT