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−$271
spread now+0.084%7d average+0.022%fees + slippage, in and out−$277spread needed2.768%
Long on BybitShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BTWUSDT0.94050.1990pay 0.0995% / 4h2h 57m$18.5M$23.5M10x
ShortKuCoin BTWUSDTM0.94130.1550get 0.0775% / 4h2h 57m$8.9M$2.9M10x

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
$8.39
Funding while held
−$13.21
Slippage, 4 orders
−$253.8
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$281.62
Spread needed to break even
2.768%
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 7 min ago.

Cost of waiting

funding view
Funding /8h
−0.0440%
Per $10,000 a day
−$13.21
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 Bybit live order book, 2 min ago7.18 bp45.2 bp −$45142.3 bp −$1,423doesn't fitdoesn't fit
Sell KuCoin live order book, 7 min ago10.61 bp127.6 bp −$128doesn't fitdoesn't fitdoesn't fit

BTW price on every exchange

against the cheapest. Click to use as the short leg.
Gate0.9395cheapestAster0.9403+0.083%HTX0.9404+0.097%
Bybit0.9405+0.105%
edgeX0.9409+0.152%MEXC0.9412+0.181%
KuCoin0.9413+0.189%
Extended0.9417+0.235%Binance0.9420+0.267%Bitget0.9424+0.313%BingX0.9425+0.320%

BTW on 11 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate BTW_USDT−0.105%+0.2258%4h$4.1M$9.6M10xas long as short
Aster BTWUSDT−0.022%+0.2087%4h$2.6M$1.7M5xas long as short
HTX BTW-USDT−0.008%+0.0100%4h$234K$585K10xas long as short
Bybit BTWUSDTlong0.000%+0.1990%4h$18.5M$23.5M10x
edgeX BTWUSDC+0.047%+0.2228%4h$350K$440K10xas long as short
MEXC BTW_USDT+0.077%+0.2246%4h$15.6M$4.4M20xas long as short
KuCoin BTWUSDTMshort+0.084%+0.1550%4h$8.9M$2.9M10x
Extended BTW-USD+0.130%+0.2264%1h$44K$9K5xas long as short
Binance BTWUSDT+0.162%+0.2264%4h$133.4M$105.8M10xas long as short
Bitget BTWUSDT+0.208%+0.1454%4h$30.0M$7.8M5xas long as short
Show all 11 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX BTW-USDT+0.215%+0.0976%4h—$4.1M—as long as short