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−$301
spread now−0.085%7d average+0.068%fees + slippage, in and out−$285spread needed2.852%
Long on KuCoinShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BTWUSDTM0.94230.1540pay 0.0770% / 4h2h 13m$9.0M$3.1M10x
ShortBinance BTWUSDT0.94150.2343get 0.1172% / 4h2h 13m$133.7M$108.5M10x

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
−$8.46
Funding while held
$24.09
Slippage, 4 orders
−$263.24
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$269.61
Spread needed to break even
2.852%
Slippage from KuCoin: live order book, 1 min ago; Binance: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
+0.0803%
Per $10,000 a day
+$24.09
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 KuCoin live order book, 1 min ago12.88 bp78.4 bp −$78doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 1 min ago1.59 bp19.6 bp −$2095.0 bp −$950doesn't fitdoesn't fit

BTW price on every exchange

against the cheapest. Click to use as the short leg.
HTX0.9381cheapestedgeX0.9395+0.142%Bybit0.9399+0.191%Gate0.9406+0.263%Aster0.9410+0.309%Bitget0.9413+0.336%
Binance0.9415+0.358%
Extended0.9418+0.386%BingX0.9419+0.400%
KuCoin0.9423+0.443%
MEXC0.9425+0.464%

BTW on 11 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX BTW-USDT−0.441%+0.0100%4h$232K$589K10xas long as short
edgeX BTWUSDC−0.299%+0.2330%4h$349K$442K10xas long as short
Bybit BTWUSDT−0.250%+0.1090%4h$18.9M$24.1M10xas long as short
Gate BTW_USDT−0.178%+0.1406%4h$4.1M$9.9M10xas long as short
Aster BTWUSDT−0.133%+0.2139%4h$2.6M$1.8M5xas long as short
Bitget BTWUSDT−0.106%+0.1604%4h$30.0M$7.9M5xas long as short
Binance BTWUSDTshort−0.085%+0.2343%4h$133.7M$108.5M10x
Extended BTW-USD−0.057%+0.2336%1h$45K$9K5xas long as short
BingX BTW-USDT−0.042%+0.0820%4h—$4.1M—as long as short
KuCoin BTWUSDTMlong0.000%+0.1540%4h$9.0M$3.1M10x
Show all 11 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC BTW_USDT+0.022%+0.2338%4h$15.5M$4.5M20xas long as short