Funding you earn now, next payment 08:00 UTC+0.0114%/8h= +12.5% APRnext payment +$0.57 per $10,000 · paid last 24h −0.077%
Price spread now: Bitget against Gate+0.357%7-day average +0.189% · you sell dearer than you buy
Net, funding: paid 7d − costs−$238as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1521.521% of the position
Funding, last 7 days−0.860%−$86 on $10k
+Price spread, last 4 days (all we have)−0.237%−$24 · spread now +0.357%, 7d avg +0.189%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.168% dearer against Gate than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.189%. Mind the row above: over the last 7 days funding on this pair cost −0.860%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BTW_USDT | 0.8053 | 0.0538 | pay 0.0269% / 4h | 0m 51s | $3.3M | $17.7M | 10x |
| Short | Bitget BTWUSDT | 0.8082 | 0.0652 | get 0.0326% / 4h | 0m 51s | $25.4M | $14.8M | 5x |
Gate BTW_USDT
Bitget BTWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $23.94
- Price spread: +0.357% → +0.189%
- $16.75
- Slippage, 4 orders
- −$125.11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$111.42
- Costs to cover
- 1.521%
- Break-even
- 39.6 days
Slippage from Gate: live order book, 3 min ago; Bitget: live order book, 3 min ago.
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 Gate live order book, 3 min ago | 8.14 bp | 41.6 bp −$42 | 70.0 bp −$700 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 4.84 bp | 34.7 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
BTW on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BTWUSDTM | +0.0100% | 4h | 0.8064 | +0.136% | $7.2M | $4.7M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.8088 | +0.435% | $210K | $733K | 10x | as long as short |
| Bybit BTWUSDT | +0.0401% | 4h | 0.8067 | +0.165% | $15.6M | $40.3M | 10x | as long as short |
| Gate BTW_USDTlong | +0.0538% | 4h | 0.8053 | long leg | $3.3M | $17.7M | 10x | |
| Bitget BTWUSDTshort | +0.0652% | 4h | 0.8082 | +0.357% | $25.4M | $14.8M | 5x | |
| BingX BTW-USDT | +0.0884% | 4h | 0.8086 | +0.406% | — | $4.0M | — | as long as short |
| Extended BTW-USD | +0.0904% | 1h | 0.8074 | +0.259% | $35K | $15K | 5x | as long as short |
| MEXC BTW_USDT | +0.0904% | 4h | 0.8078 | +0.306% | $9.0M | $6.4M | 20x | as long as short |
| Binance BTWUSDT | +0.0905% | 4h | 0.8080 | +0.328% | $112.2M | $175.6M | 10x | as long as short |
| Aster BTWUSDT | +0.0907% | 4h | 0.8077 | +0.290% | $2.3M | $3.3M | 5x | as long as short |
KuCoin BTWUSDTM
HTX BTW-USDT
Bybit BTWUSDT
BingX BTW-USDT
Extended BTW-USD
MEXC BTW_USDT
Binance BTWUSDT
Aster BTWUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | +0.0916% | 4h | 0.8103 | +0.615% | $352K | $510K | 10x | as long as short |
edgeX BTWUSDC