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−$410
spread now+0.047%7d average+0.066%fees + slippage, in and out−$408spread needed4.085%
Long on KuCoinShort on Bitget
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BTWUSDTM0.91170.0774pay 0.0387% / 4h46m 32s$8.4M$2.7M10x
ShortBitget BTWUSDT0.91220.0456get 0.0228% / 4h46m 32s$28.9M$7.5M5x

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
$4.67
Funding while held
−$9.54
Slippage, 4 orders
−$384.48
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$413.34
Spread needed to break even
4.085%
Slippage from KuCoin: live order book, 8 min ago; Bitget: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0318%
Per $10,000 a day
−$9.54
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, 8 min ago10.86 bp175.7 bp −$176doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago5.70 bp33.7 bp −$34doesn't fitdoesn't fitdoesn't fit

BTW price on every exchange

against the cheapest. Click to use as the short leg.
edgeX0.9089cheapestAster0.9089+0.001%Bybit0.9096+0.077%HTX0.9099+0.111%Gate0.9106+0.186%Binance0.9107+0.196%MEXC0.9109+0.218%
KuCoin0.9117+0.310%
Bitget0.9122+0.357%
BingX0.9126+0.405%Extended0.9127+0.419%

BTW on 11 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX BTWUSDC−0.309%+0.1799%4h$339K$431K10xas long as short
Aster BTWUSDT−0.308%+0.1473%4h$2.5M$1.4M5xas long as short
Bybit BTWUSDT−0.232%+0.1243%4h$17.6M$22.7M10xas long as short
HTX BTW-USDT−0.198%+0.0100%4h$229K$538K10xas long as short
Gate BTW_USDT−0.124%+0.1618%4h$4.0M$8.9M10xas long as short
Binance BTWUSDT−0.113%+0.1820%4h$128.6M$100.6M10xas long as short
MEXC BTW_USDT−0.091%+0.1804%4h$15.5M$4.3M20xas long as short
KuCoin BTWUSDTMlong0.000%+0.0774%4h$8.4M$2.7M10x
Bitget BTWUSDTshort+0.047%+0.0456%4h$28.9M$7.5M5x
BingX BTW-USDT+0.095%+0.0308%4h—$3.9M—as long as short
Show all 11 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended BTW-USD+0.109%+0.1808%1h$43K$9K5xas long as short