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

BTW

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.243%
Price spread now: Aster against Extended+0.047%7-day average · you sell dearer than you buy
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 airdropExtended: Active · Aster: Stage 5 · farm boardneeds both histories
The price spread pays, funding is against you. Aster is 0.047% dearer against Extended than usual: you sell high and buy low (spread +0.047% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.4 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTW-USD0.80390.1104pay 0.0138% / 1h1m 13s$38K$11K5x
ShortAster BTWUSDT0.80430.1075get 0.0538% / 4h1m 13s$2.2M$2.9M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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
−$6.06
Price spread: +0.047% → 0.000%
$4.66
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Aster: 4 bp × 2 orders
−$8
Net
−$14.4
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Extended: no order-book sample; Aster: live order book, 2 min ago. 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 Extended no order-book sample
Sell Aster live order book, 2 min ago4.97 bp22.1 bp −$22317.4 bp −$3,174doesn't fitdoesn't fit
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
HTX BTW-USDT+0.0100%4h0.8102+0.780%$201K$741K10xas long as short
Gate BTW_USDT+0.0478%4h0.8046+0.087%$3.5M$16.1M10xas long as short
KuCoin BTWUSDTM+0.0978%4h0.8034−0.061%$7.3M$4.8M10xas long as short
Bybit BTWUSDT+0.1055%4h0.8032−0.093%$15.7M$38.4M10xas long as short
Aster BTWUSDTshort+0.1075%4h0.8043+0.047%$2.2M$2.9M5x
Extended BTW-USDlong+0.1104%1h0.8039long leg$38K$11K5x
Binance BTWUSDT+0.1107%4h0.8042+0.035%$112.0M$167.5M10xas long as short
BingX BTW-USDT+0.1110%4h0.8035−0.049%$4.4Mas long as short
Bitget BTWUSDT+0.1112%4h0.8053+0.177%$25.5M$13.4M5xas long as short
MEXC BTW_USDT+0.1114%4h0.8036−0.037%$9.7M$6.2M20xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX BTWUSDC+0.1121%4h0.8040+0.010%$331K$501K10xas long as short