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−$73
spread now+0.254%7d average+0.144%fees + slippage, in and out−$84spread needed0.835%
Long on GateShort on MEXC
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BTW_USDT0.95290.1566pay 0.0783% / 4h1h 33m$4.2M$10.2M10x
ShortMEXC BTW_USDT0.95530.2366get 0.1183% / 4h1h 33m$15.8M$4.7M20x

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
$25.38
Funding while held
$24
Slippage, 4 orders
−$68.54
Fee Gate: 7.5 bp × 2 orders
−$15
Fee MEXC: 0 bp × 2 orders
$0
Net
−$34.17
Spread needed to break even
0.835%
Slippage from Gate: live order book, 1 min ago; MEXC: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
+0.0800%
Per $10,000 a day
+$24.00
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, 1 min ago10.56 bp33.4 bp −$3375.0 bp −$750doesn't fitdoesn't fit
Sell MEXC live order book, 1 min ago1.57 bp6.2 bp −$639.6 bp −$396247.4 bp −$24.7K811.2 bp −$405.6K

BTW price on every exchange

against the cheapest. Click to use as the short leg.
edgeX0.9503cheapestHTX0.9508+0.053%KuCoin0.9518+0.160%
Gate0.9529+0.273%
Aster0.9535+0.337%Bybit0.9536+0.347%
MEXC0.9553+0.528%
Extended0.9555+0.551%Binance0.9558+0.580%BingX0.9561+0.612%Bitget0.9576+0.767%

BTW on 11 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX BTWUSDC−0.272%+0.2344%4h$353K$435K10xas long as short
HTX BTW-USDT−0.219%+0.0100%4h$235K$594K10xas long as short
KuCoin BTWUSDTM−0.113%+0.1442%4h$9.0M$3.2M10xas long as short
Gate BTW_USDTlong0.000%+0.1566%4h$4.2M$10.2M10x
Aster BTWUSDT+0.064%+0.2255%4h$2.7M$1.9M5xas long as short
Bybit BTWUSDT+0.073%+0.0879%4h$19.4M$24.7M10xas long as short
MEXC BTW_USDTshort+0.254%+0.2366%4h$15.8M$4.7M20x
Extended BTW-USD+0.277%+0.2368%1h$45K$9K5xas long as short
Binance BTWUSDT+0.306%+0.2368%4h$136.0M$112.1M10xas long as short
BingX BTW-USDT+0.338%+0.0590%4h—$4.2M—as long as short
Show all 11 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget BTWUSDT+0.492%+0.1742%4h$30.5M$8.2M5xas long as short