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−$129
spread now−0.230%7d average−0.178%fees + slippage, in and out−$124spread needed1.235%
Long on BingXShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX BTW-USDT0.94340.1072pay 0.0536% / 4h2h 39m—$4.1M—
ShortGate BTW_USDT0.94120.1894get 0.0947% / 4h2h 39m$4.1M$9.8M10x

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
−$22.97
Funding while held
$24.66
Slippage, 4 orders
−$98.53
Fee BingX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$121.84
Spread needed to break even
1.235%
Slippage from BingX: live order book, 2 min ago; Gate: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
+0.0822%
Per $10,000 a day
+$24.66
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 BingX live order book, 2 min ago3.73 bp21.6 bp −$2283.3 bp −$833387.6 bp −$38.8Kdoesn't fit
Sell Gate live order book, 1 min ago12.10 bp39.7 bp −$4083.3 bp −$833doesn't fitdoesn't fit

BTW price on every exchange

against the cheapest. Click to use as the short leg.
HTX0.9363cheapestedgeX0.9388+0.271%Bybit0.9409+0.496%
Gate0.9412+0.532%
BingX0.9434+0.764%
KuCoin0.9435+0.771%Binance0.9435+0.774%Aster0.9437+0.791%MEXC0.9437+0.796%Extended0.9438+0.806%Bitget0.9439+0.818%

BTW on 11 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX BTW-USDT−0.758%+0.0100%4h$233K$586K10xas long as short
edgeX BTWUSDC−0.489%+0.2294%4h$349K$439K10xas long as short
Bybit BTWUSDT−0.266%+0.1519%4h$18.7M$24.0M10xas long as short
Gate BTW_USDTshort−0.230%+0.1894%4h$4.1M$9.8M10x
BingX BTW-USDTlong0.000%+0.1072%4h—$4.1M—
KuCoin BTWUSDTM+0.007%+0.1548%4h$8.9M$3.0M10xas long as short
Binance BTWUSDT+0.011%+0.2301%4h$133.8M$107.5M10xas long as short
Aster BTWUSDT+0.028%+0.2119%4h$2.6M$1.7M5xas long as short
MEXC BTW_USDT+0.032%+0.2300%4h$15.5M$4.4M20xas long as short
Extended BTW-USD+0.042%+0.2304%1h$45K$9K5xas long as short
Show all 11 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget BTWUSDT+0.054%+0.1538%4h$30.1M$7.9M5xas long as short