data as of
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Price arb /

BTW

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$173
spread now−0.191%7d average+0.059%fees + slippage, in and out−$148spread needed1.479%
Long on GateShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BTW_USDT0.93950.1346pay 0.0673% / 4h1h 56m$4.1M$9.8M10x
ShortBybit BTWUSDT0.93770.0958get 0.0479% / 4h1h 56m$18.9M$24.2M10x

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
−$19.12
Funding while held
−$11.64
Slippage, 4 orders
−$121.93
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$178.69
Spread needed to break even
1.479%
Slippage from Gate: live order book, 3 min ago; Bybit: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0388%
Per $10,000 a day
−$11.64
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 Gate live order book, 3 min ago11.15 bp34.7 bp −$3572.4 bp −$724doesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago7.23 bp44.1 bp −$44127.4 bp −$1,274doesn't fitdoesn't fit

BTW price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.9377cheapest
Gate0.9395+0.192%
Binance0.9395+0.192%Bitget0.9396+0.204%Extended0.9397+0.209%KuCoin0.9400+0.246%BingX0.9403+0.277%MEXC0.9404+0.288%edgeX0.9409+0.337%Aster0.9409+0.337%HTX0.9414+0.399%

BTW on 11 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit BTWUSDTshort−0.191%+0.0958%4h$18.9M$24.2M10x
Gate BTW_USDTlong0.000%+0.1346%4h$4.1M$9.8M10x
Binance BTWUSDT0.000%+0.2367%4h$133.4M$109.7M10xas long as short
Bitget BTWUSDT+0.013%+0.1680%4h$30.0M$8.0M5xas long as short
Extended BTW-USD+0.018%+0.2368%1h$45K$9K5xas long as short
KuCoin BTWUSDTM+0.054%+0.1492%4h$8.9M$3.2M10xas long as short
BingX BTW-USDT+0.086%+0.0665%4h—$4.2M—as long as short
MEXC BTW_USDT+0.096%+0.2368%4h$15.5M$4.5M20xas long as short
edgeX BTWUSDC+0.145%+0.2371%4h$349K$433K10xas long as short
Aster BTWUSDT+0.146%+0.2261%4h$2.6M$1.8M5xas long as short
Show all 11 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX BTW-USDT+0.207%+0.0100%4h$233K$590K10xas long as short