BTW

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0539%/8h= +59.0% APRnext payment +$2.69 per $10,000 · paid last 24h +0.117%

Price spread now: Aster against KuCoin+0.178%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1391.390% of the position

Long on KuCoin Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.183%−$18 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.178%, 7d avg −0.053%

Together, before fees−0.307%+ Points / potential airdropAster: Stage 5 · farm board−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Aster is 0.230% dearer against KuCoin than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.053%. Mind the row above: over the last 6 days funding on this pair cost −0.183%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 6 days it paid -0.183% in total (about -11.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.69 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BTWUSDTM	0.8466	0.0100	pay 0.0050% / 4h	1h 08m	$7.4M	$4.4M	10x
Short	Aster BTWUSDT	0.8481	0.0639	get 0.0319% / 4h	1h 08m	$2.3M	$3.3M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee AsterbpOrdersPrice spread, now +0.178%Rate

Funding earned: $113.15
Price spread: +0.178% → −0.053%: $23.03
Slippage, 4 orders: −$118.99
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$2.82
Costs to cover: 1.390%
Break-even: 7.2 days

Slippage from KuCoin: live order book, 2 min ago; Aster: live order book, 3 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 KuCoin live order book, 2 min ago	13.79 bp	41.3 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	4.38 bp	21.6 bp −$22	359.4 bp −$3,594	doesn't fit	doesn't fit

BTW on 11 exchanges

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
Bybit BTWUSDT	+0.0100%	4h	0.8501	+0.419%	$16.2M	$37.1M	10x	as long as short
Gate BTW_USDT	+0.0100%	4h	0.8457	−0.099%	$3.4M	$16.9M	10x	as long as short
KuCoin BTWUSDTMlong	+0.0100%	4h	0.8466	long leg	$7.4M	$4.4M	10x
HTX BTW-USDT	+0.0100%	4h	0.8477	+0.134%	$222K	$690K	10x	as long as short
Bitget BTWUSDT	+0.0432%	4h	0.8483	+0.207%	$26.7M	$13.9M	5x	as long as short
Aster BTWUSDTshort	+0.0639%	4h	0.8481	+0.178%	$2.3M	$3.3M	5x
BingX BTW-USDT	+0.0680%	4h	0.8476	+0.122%	—	$3.6M	—	as long as short
edgeX BTWUSDC	+0.0715%	4h	0.8467	+0.014%	$368K	$503K	10x	as long as short
MEXC BTW_USDT	+0.0734%	4h	0.8480	+0.170%	$9.6M	$6.2M	20x	as long as short
Binance BTWUSDT	+0.0735%	4h	0.8487	+0.250%	$117.6M	$163.9M	10x	as long as short

Show all 11 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BTW-USD	+0.0736%	1h	0.8474	+0.102%	$36K	$13K	5x	as long as short