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−$146
spread now−0.112%7d average−0.138%fees + slippage, in and out−$149spread needed1.486%
Long on BitgetShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BTWUSDT0.89720.0268pay 0.0134% / 4h1h 08m$28.3M$7.4M5x
ShortGate BTW_USDT0.89620.1548get 0.0774% / 4h1h 08m$4.0M$9.0M10x

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
−$11.22
Funding while held
$38.4
Slippage, 4 orders
−$121.59
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$121.42
Spread needed to break even
1.486%
Slippage from Bitget: live order book, 2 min ago; Gate: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
+0.1280%
Per $10,000 a day
+$38.40
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 Bitget live order book, 2 min ago3.42 bp32.4 bp −$32doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 1 min ago8.62 bp41.6 bp −$4275.1 bp −$751doesn't fitdoesn't fit

BTW price on every exchange

against the cheapest. Click to use as the short leg.
KuCoin0.8957cheapestAster0.8961+0.049%
Gate0.8962+0.057%
MEXC0.8969+0.139%
Bitget0.8972+0.169%
Extended0.8973+0.186%Bybit0.8974+0.191%Binance0.8976+0.215%BingX0.8978+0.239%HTX0.9026+0.780%edgeX0.9059+1.148%

BTW on 11 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin BTWUSDTM−0.169%+0.0754%4h$8.3M$2.6M10xas long as short
Aster BTWUSDT−0.119%+0.1617%4h$2.5M$1.4M5xas long as short
Gate BTW_USDTshort−0.112%+0.1548%4h$4.0M$9.0M10x
MEXC BTW_USDT−0.030%+0.1674%4h$15.4M$4.4M20xas long as short
Bitget BTWUSDTlong0.000%+0.0268%4h$28.3M$7.4M5x
Extended BTW-USD+0.017%+0.1672%1h$43K$9K5xas long as short
Bybit BTWUSDT+0.022%+0.1116%4h$17.2M$22.6M10xas long as short
Binance BTWUSDT+0.046%+0.1675%4h$126.5M$99.9M10xas long as short
BingX BTW-USDT+0.070%+0.0152%4h—$3.9M—as long as short
HTX BTW-USDT+0.610%+0.0100%4h$228K$533K10xas long as short
Show all 11 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX BTWUSDC+0.978%+0.1654%4h$346K$423K10xas long as short