Spread before costs (cost unknown: a leg has no order-book sample)−0.004%
7d average—if it closes, per $10,000$0funding while held, a day+$0.05
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BTW-USD | 0.9140 | 0.1888 | pay 0.0236% / 1h | 10m 28s | $43K | $9K | 5x |
| Short | Binance BTWUSDT | 0.9140 | 0.1890 | get 0.0945% / 4h | 10m 28s | $129.2M | $101.6M | 10x |
Extended BTW-USD
Binance BTWUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$0.37
- Funding while held
- $0.05
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$15.32
- Spread needed to break even
- 0.150%
Slippage unknown: Extended: no order-book sample; Binance: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0002%
- Per $10,000 a day
- +$0.05
- Average in range /8h
- —
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Extended no order-book sample | — | — | — | — | — |
| Sell Binance live order book, 4 min ago | 0.55 bp | 20.0 bp −$20 | 120.4 bp −$1,204 | doesn't fit | doesn'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 price on every exchange
against the cheapest. Click to use as the short leg.edgeX0.9103cheapestHTX0.9122+0.211%Gate0.9129+0.283%Bybit0.9129+0.288%MEXC0.9139+0.398%
HTX
Gate
Bybit
MEXCBinance0.9140+0.409%
Extended0.9140+0.412%
Aster0.9141+0.416%BingX0.9145+0.464%KuCoin0.9148+0.493%Bitget0.9150+0.521%
Aster
BingX
KuCoin
BitgetBTW on 11 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | −0.411% | +0.1880% | 4h | $340K | $430K | 10x | as long as short |
| HTX BTW-USDT | −0.201% | +0.0100% | 4h | $228K | $565K | 10x | as long as short |
| Gate BTW_USDT | −0.129% | +0.1278% | 4h | $4.0M | $9.3M | 10x | as long as short |
| Bybit BTWUSDT | −0.124% | +0.1464% | 4h | $18.0M | $22.4M | 10x | as long as short |
| MEXC BTW_USDT | −0.015% | +0.1888% | 4h | $15.5M | $4.4M | 20x | as long as short |
| Binance BTWUSDTshort | −0.004% | +0.1890% | 4h | $129.2M | $101.6M | 10x | |
| Extended BTW-USDlong | 0.000% | +0.1888% | 1h | $43K | $9K | 5x | |
| Aster BTWUSDT | +0.004% | +0.1633% | 4h | $2.6M | $1.5M | 5x | as long as short |
| BingX BTW-USDT | +0.051% | +0.0492% | 4h | — | $4.0M | — | as long as short |
| KuCoin BTWUSDTM | +0.081% | +0.0942% | 4h | $8.6M | $2.8M | 10x | as long as short |
Show all 11 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget BTWUSDT | +0.108% | +0.0730% | 4h | $29.0M | $7.5M | 5x | as long as short |