Funding you earn now, next payment 08:00 UTC+0.0741%/8h= +81.2% APRnext payment +$3.71 per $10,000 · paid last 24h +0.200%
Price spread now: Bybit against HTX+1.318%7-day average −0.259% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,080as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,001as in the Price arb table
costs, in and out, $10k−$1,15911.587% of the position
Funding, last 7 days+0.785%+$79 on $10k
+Price spread, last 4 days (all we have)−1.914%−$191 · spread now +1.318%, 7d avg −0.259%
=Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Bybit is 1.577% dearer against HTX than usual: you sell high and buy low: +$158 more if the spread goes back to its 7-day average of −0.259%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX BTW-USDT | 0.7944 | 0.0100 | pay 0.0050% / 4h | 2h 16m | $205K | $777K | 10x |
| Short | Bybit BTWUSDT | 0.8049 | 0.0841 | get 0.0421% / 4h | 2h 16m | $15.2M | $41.9M | 10x |
HTX BTW-USDT
Bybit BTWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against HTX. 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
- $155.66
- Price spread: +1.318% → −0.259%
- $157.74
- Slippage, 4 orders
- −$1,135.7
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$845.3
- Costs to cover
- 11.587%
- Break-even
- 45.0 days
Slippage from HTX: live order book, 32 min ago; Bybit: live order book, 2 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 HTX live order book, 32 min ago | 28.23 bp | 658.7 bp −$659 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 7.34 bp | 95.1 bp −$95 | 415.8 bp −$4,158 | 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDTlong | +0.0100% | 4h | 0.7944 | long leg | $205K | $777K | 10x | |
| KuCoin BTWUSDTM | +0.0224% | 4h | 0.7987 | +0.540% | $7.1M | $5.0M | 10x | as long as short |
| Bitget BTWUSDT | +0.0692% | 4h | 0.8084 | +1.761% | $25.4M | $15.3M | 5x | as long as short |
| Aster BTWUSDT | +0.0709% | 4h | 0.8032 | +1.104% | $2.2M | $3.3M | 5x | as long as short |
| Bybit BTWUSDTshort | +0.0841% | 4h | 0.8049 | +1.318% | $15.2M | $41.9M | 10x | |
| MEXC BTW_USDT | +0.0980% | 4h | 0.7987 | +0.538% | $8.9M | $6.5M | 20x | as long as short |
| Binance BTWUSDT | +0.0983% | 4h | 0.8037 | +1.169% | $111.7M | $182.7M | 10x | as long as short |
| Extended BTW-USD | +0.0984% | 1h | 0.8048 | +1.311% | $35K | $15K | 5x | as long as short |
| Gate BTW_USDT | +0.0984% | 4h | 0.7978 | +0.429% | $3.3M | $18.0M | 10x | as long as short |
| BingX BTW-USDT | +0.1004% | 4h | 0.8060 | +1.457% | — | $4.3M | — | as long as short |
KuCoin BTWUSDTM
Bitget BTWUSDT
Aster BTWUSDT
MEXC BTW_USDT
Binance BTWUSDT
Extended BTW-USD
Gate BTW_USDT
BingX BTW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | +0.1038% | 4h | 0.8020 | +0.954% | $349K | $521K | 10x | as long as short |
edgeX BTWUSDC