data as of
Settings8H · net · $10k
Price arb /

BTW

all BTW markets
SwapFunding view
Alert
Spread before costs (cost unknown: a leg has no order-book sample)+0.052%
7d averageif it closes, per $10,000$5funding while held, a day−$44.64
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTW-USD0.90970.1736pay 0.0217% / 1h57m 09s$43K$9K5x
ShortBingX BTW-USDT0.91020.0248get 0.0124% / 4h57m 09s$3.9M

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
$5.24
Funding while held
−$44.64
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$54.4
Spread needed to break even
0.150%
Slippage unknown: Extended: no order-book sample; BingX: live order book, 14 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.1488%
Per $10,000 a day
$44.64
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 Extended no order-book sample
Sell BingX live order book, 14 min ago3.89 bp23.1 bp −$2390.5 bp −$905565.0 bp −$56.5Kdoesn'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.

BTW on 11 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX BTWUSDC−0.660%+0.1716%4h$345K$420K10xas long as short
Bybit BTWUSDT−0.197%+0.1249%4h$17.4M$22.5M10xas long as short
Aster BTWUSDT−0.183%+0.1710%4h$2.5M$1.4M5xas long as short
Bitget BTWUSDT−0.167%+0.0370%4h$28.6M$7.4M5xas long as short
KuCoin BTWUSDTM−0.148%+0.0790%4h$8.3M$2.7M10xas long as short
Gate BTW_USDT−0.145%+0.1606%4h$4.0M$8.7M10xas long as short
MEXC BTW_USDT−0.090%+0.1722%4h$15.6M$4.2M20xas long as short
HTX BTW-USDT−0.077%+0.0100%4h$229K$534K10xas long as short
Binance BTWUSDT−0.058%+0.1733%4h$128.3M$99.8M10xas long as short
Extended BTW-USDlong0.000%+0.1736%1h$43K$9K5x
Show all 11 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX BTW-USDTshort+0.052%+0.0248%4h$3.9M