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

BTW

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.001%
Price spread now: edgeX against Extended+0.366%73s7-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 6 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 · edgeX: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.366% dearer against Extended than usual: you sell high and buy low, +$37 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended BTW-USD0.81840.0576pay 0.0072% / 1h18m 08s$35K$13K5x
ShortedgeX BTWUSDC0.82140.0583get 0.0292% / 4h2h 18m$357K$508K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$1.51
Price spread: +0.366% → 0.000%
$36.62
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
$24.14
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Extended: no order-book sample; edgeX: live order book, 33 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 edgeX live order book, 33 min ago2.60 bp10.3 bp −$10doesn't fitdoesn'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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit BTWUSDT+0.0100%4h0.8185+0.014%$15.8M$38.0M10xas long as short
KuCoin BTWUSDTM+0.0100%4h0.8178−0.072%$7.2M$4.5M10xas long as short
HTX BTW-USDT+0.0100%4h0.8205+0.262%$215K$705K10xas long as short
Gate BTW_USDT+0.0312%4h0.8178−0.063%$3.3M$16.8M10xas long as short
Bitget BTWUSDT+0.0416%4h0.8197+0.166%$25.7M$14.2M5xas long as short
Aster BTWUSDT+0.0488%4h0.8192+0.104%$2.3M$3.3M5xas long as short
BingX BTW-USDT+0.0552%4h0.8190+0.079%$3.7Mas long as short
Extended BTW-USDlong+0.0576%1h0.8184long leg$35K$13K5x
MEXC BTW_USDT+0.0576%4h0.8189+0.067%$9.1M$6.3M20xas long as short
Binance BTWUSDT+0.0577%4h0.8189+0.064%$113.5M$168.7M10xas long as short
Show all 11 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX BTWUSDCshort+0.0583%4h0.8214+0.366%$357K$508K10x