Settings8H · net · $10k
Funding arb · Price arb /

BTW

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0015%/8h= −1.7% APRpaid last 24h +0.008%
Price spread now: Extended against edgeX−2.035%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropedgeX: Active · Extended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Extended is 2.035% cheaper against edgeX than usual: you would sell low and buy high (−$203 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX BTWUSDC0.73590.0839pay 0.0420% / 4h2h 01m$303K$502K10x
ShortExtended BTW-USD0.72090.0824get 0.0103% / 1h1m 39s$31K$15K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against edgeX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$3.2
Price spread: −2.035% → 0.000%
−$203.48
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$220.68
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 42 min ago; Extended: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 42 min ago2.56 bp11.6 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Extended no order-book sample
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

BTW on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate BTW_USDT+0.0100%4h0.7209−2.032%$3.0M$16.5M10xas long as short
HTX BTW-USDT+0.0100%4h0.7265−1.271%$183K$759K10xas long as short
KuCoin BTWUSDTM+0.0158%4h0.7222−1.857%$6.6M$4.8M10xas long as short
Bitget BTWUSDT+0.0578%4h0.7237−1.657%$22.8M$13.8M5xas long as short
Aster BTWUSDT+0.0602%4h0.7248−1.502%$2.0M$3.0M5xas long as short
Bybit BTWUSDT+0.0747%4h0.7222−1.861%$13.7M$39.5M10xas long as short
MEXC BTW_USDT+0.0820%4h0.7234−1.695%$8.5M$6.3M20xas long as short
Binance BTWUSDT+0.0821%4h0.7232−1.718%$100.5M$171.4M10xas long as short
Extended BTW-USDshort+0.0824%1h0.7209−2.035%$31K$15K5x
BingX BTW-USDT+0.0834%4h0.7209−2.035%$4.3Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX BTWUSDClong+0.0839%4h0.7359long leg$303K$502K10x