data as of
Settings8H · net · $10k
Price arb /

BTW

all BTW markets
SwapFunding view
Alert
After costs, if the gap returns to its 7d average, $10k−$545
spread now+0.562%7d average−0.167%fees + slippage, in and out−$618spread needed6.176%
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTW-USDT0.93630.0100pay 0.0050% / 4h2h 40m$233K$586K10x
ShortBitget BTWUSDT0.94150.1536get 0.0768% / 4h2h 40m$30.0M$7.9M5x

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
$56.2
Funding while held
$43.08
Slippage, 4 orders
−$593.62
Fee HTX: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$518.34
Spread needed to break even
6.176%
Slippage from HTX: live order book, 65 min ago; Bitget: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
+0.1436%
Per $10,000 a day
+$43.08
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 HTX live order book, 65 min ago41.14 bp242.3 bp −$242doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago5.51 bp31.8 bp −$32doesn't fitdoesn't fitdoesn't fit

BTW price on every exchange

against the cheapest. Click to use as the short leg.

BTW on 11 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX BTW-USDTlong0.000%+0.0100%4h$233K$586K10x
edgeX BTWUSDC+0.074%+0.2308%4h$348K$441K10xas long as short
Gate BTW_USDT+0.146%+0.1864%4h$4.1M$9.8M10xas long as short
Extended BTW-USD+0.208%+0.2304%1h$44K$9K5xas long as short
Aster BTWUSDT+0.322%+0.2131%4h$2.6M$1.7M5xas long as short
Bybit BTWUSDT+0.345%+0.1560%4h$18.7M$24.0M10xas long as short
KuCoin BTWUSDTM+0.397%+0.1548%4h$8.9M$3.0M10xas long as short
Binance BTWUSDT+0.561%+0.2301%4h$133.5M$107.4M10xas long as short
MEXC BTW_USDT+0.561%+0.2296%4h$15.5M$4.4M20xas long as short
Bitget BTWUSDTshort+0.562%+0.1536%4h$30.0M$7.9M5x
Show all 11 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX BTW-USDT+0.571%+0.1072%4h$4.1Mas long as short