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−$403
spread now−0.699%7d average−0.237%fees + slippage, in and out−$357spread needed3.566%
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX BTW-USDT0.96030.0100pay 0.0050% / 4h1h 23m$238K$597K10x
ShortKuCoin BTWUSDTM0.95360.1400get 0.0700% / 4h1h 23m$9.0M$3.2M10x

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
−$69.9
Funding while held
$39
Slippage, 4 orders
−$332.58
Fee HTX: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$387.48
Spread needed to break even
3.566%
Slippage from HTX: live order book, 11 min ago; KuCoin: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
+0.1300%
Per $10,000 a day
+$39.00
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 HTX live order book, 11 min ago19.63 bp75.2 bp −$75doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 1 min ago15.54 bp170.1 bp −$170doesn'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
Bybit BTWUSDT−0.731%+0.0750%4h$19.4M$24.8M10xas long as short
KuCoin BTWUSDTMshort−0.699%+0.1400%4h$9.0M$3.2M10x
Gate BTW_USDT−0.536%+0.1756%4h$4.2M$10.2M10xas long as short
Binance BTWUSDT−0.535%+0.2407%4h$136.0M$112.4M10xas long as short
Aster BTWUSDT−0.533%+0.2314%4h$2.7M$1.9M5xas long as short
BingX BTW-USDT−0.525%+0.0584%4h$4.2Mas long as short
MEXC BTW_USDT−0.514%+0.2416%4h$15.8M$4.8M20xas long as short
Extended BTW-USD−0.514%+0.2408%1h$45K$9K5xas long as short
Bitget BTWUSDT−0.373%+0.1780%4h$30.5M$8.2M5xas long as short
edgeX BTWUSDC−0.149%+0.2395%4h$356K$435K10xas long as short
Show all 11 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX BTW-USDTlong0.000%+0.0100%4h$238K$597K10x