data as of
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Price arb /

BTW

all BTW markets
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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+$9
spread now+0.771%7d average−0.203%fees + slippage, in and out−$89spread needed0.887%
Long on edgeXShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX BTWUSDC0.96090.2392pay 0.1196% / 4h57m 51s$357K$440K10x
ShortGate BTW_USDT0.96830.1496get 0.0748% / 4h57m 51s$4.3M$10.3M10x

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
$77.14
Funding while held
−$26.87
Slippage, 4 orders
−$64.71
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$38.44
Spread needed to break even
0.887%
Slippage from edgeX: live order book, 37 min ago; Gate: live order book, 2 min ago.

Cost of waiting

funding view
Funding /8h
−0.0896%
Per $10,000 a day
−$26.87
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 edgeX live order book, 37 min ago3.46 bp12.2 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 2 min ago11.55 bp36.2 bp −$3672.0 bp −$720doesn't fitdoesn't fit

BTW price on every exchange

against the cheapest. Click to use as the short leg.
edgeX0.9609cheapest
Gate0.9683+0.771%
HTX0.9704+0.990%Aster0.9715+1.111%KuCoin0.9726+1.226%Bybit0.9728+1.241%Extended0.9731+1.276%MEXC0.9732+1.284%Binance0.9736+1.323%BingX0.9742+1.388%Bitget0.9759+1.568%

BTW on 11 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX BTWUSDClong0.000%+0.2392%4h$357K$440K10x
Gate BTW_USDTshort+0.771%+0.1496%4h$4.3M$10.3M10x
HTX BTW-USDT+0.990%+0.0100%4h$240K$597K10xas long as short
Aster BTWUSDT+1.111%+0.2355%4h$2.7M$1.9M5xas long as short
KuCoin BTWUSDTM+1.226%+0.1316%4h$9.2M$3.2M10xas long as short
Bybit BTWUSDT+1.241%+0.0796%4h$19.7M$25.2M10xas long as short
Extended BTW-USD+1.276%+0.2400%1h$46K$9K5xas long as short
MEXC BTW_USDT+1.284%+0.2390%4h$15.8M$4.7M20xas long as short
Binance BTWUSDT+1.323%+0.2402%4h$138.6M$112.9M10xas long as short
BingX BTW-USDT+1.388%+0.0514%4h—$4.1M—as long as short
Show all 11 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget BTWUSDT+1.568%+0.1844%4h$31.1M$8.2M5xas long as short