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−$408
spread now+0.095%7d average+0.079%fees + slippage, in and out−$410spread needed4.099%
Long on GateShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BTW_USDT0.91000.1618pay 0.0809% / 4h46m 06s$4.0M$8.9M10x
ShortKuCoin BTWUSDTM0.91090.0774get 0.0387% / 4h46m 06s$8.4M$2.7M10x

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
$9.52
Funding while held
−$25.32
Slippage, 4 orders
−$382.87
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$425.67
Spread needed to break even
4.099%
Slippage from Gate: live order book, 4 min ago; KuCoin: live order book, 8 min ago.

Cost of waiting

funding view
Funding /8h
−0.0844%
Per $10,000 a day
−$25.32
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, 4 min ago7.39 bp39.4 bp −$3964.4 bp −$644doesn't fitdoesn't fit
Sell KuCoin live order book, 8 min ago10.86 bp164.1 bp −$164doesn't fitdoesn't fitdoesn't fit

BTW price on every exchange

against the cheapest. Click to use as the short leg.
Bybit0.9080cheapestedgeX0.9089+0.101%Binance0.9091+0.121%Aster0.9094+0.151%
Gate0.9100+0.225%
KuCoin0.9109+0.320%
BingX0.9111+0.341%Extended0.9115+0.381%MEXC0.9116+0.396%Bitget0.9126+0.508%HTX0.9134+0.600%

BTW on 11 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bybit BTWUSDT−0.225%+0.1243%4h$17.6M$22.7M10xas long as short
edgeX BTWUSDC−0.124%+0.1799%4h$339K$431K10xas long as short
Binance BTWUSDT−0.104%+0.1820%4h$128.3M$100.7M10xas long as short
Aster BTWUSDT−0.074%+0.1473%4h$2.5M$1.4M5xas long as short
Gate BTW_USDTlong0.000%+0.1618%4h$4.0M$8.9M10x
KuCoin BTWUSDTMshort+0.095%+0.0774%4h$8.4M$2.7M10x
BingX BTW-USDT+0.116%+0.0308%4h—$3.9M—as long as short
Extended BTW-USD+0.155%+0.1824%1h$43K$9K5xas long as short
MEXC BTW_USDT+0.171%+0.1804%4h$15.5M$4.3M20xas long as short
Bitget BTWUSDT+0.282%+0.0456%4h$28.9M$7.5M5xas long as short
Show all 11 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX BTW-USDT+0.374%+0.0100%4h$230K$538K10xas long as short