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−$346
spread now+0.023%7d average−0.021%fees + slippage, in and out−$350spread needed3.498%
Long on KuCoinShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BTWUSDTM0.95540.1418pay 0.0709% / 4h1h 25m$9.1M$3.2M10x
ShortBybit BTWUSDT0.95560.0792get 0.0396% / 4h1h 25m$19.4M$24.8M10x

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
$2.26
Funding while held
−$18.77
Slippage, 4 orders
−$326.85
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$366.35
Spread needed to break even
3.498%
Slippage from KuCoin: live order book, 9 min ago; Bybit: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0626%
Per $10,000 a day
−$18.77
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, 9 min ago13.01 bp112.4 bp −$112doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago7.00 bp32.3 bp −$32122.4 bp −$1,224doesn't fitdoesn't fit

BTW price on every exchange

against the cheapest. Click to use as the short leg.
KuCoin0.9554cheapest
Bybit0.9556+0.023%
Gate0.9568+0.141%Extended0.9571+0.172%MEXC0.9574+0.207%Binance0.9575+0.217%BingX0.9575+0.217%Aster0.9583+0.296%Bitget0.9585+0.325%edgeX0.9589+0.365%HTX0.9593+0.404%

BTW on 11 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin BTWUSDTMlong0.000%+0.1418%4h$9.1M$3.2M10x
Bybit BTWUSDTshort+0.023%+0.0792%4h$19.4M$24.8M10x
Gate BTW_USDT+0.141%+0.1766%4h$4.2M$10.2M10xas long as short
Extended BTW-USD+0.172%+0.2416%1h$46K$9K5xas long as short
MEXC BTW_USDT+0.207%+0.2412%4h$15.8M$4.8M20xas long as short
Binance BTWUSDT+0.217%+0.2416%4h$136.3M$112.4M10xas long as short
BingX BTW-USDT+0.217%+0.0584%4h—$4.2M—as long as short
Aster BTWUSDT+0.296%+0.2328%4h$2.7M$1.9M5xas long as short
Bitget BTWUSDT+0.325%+0.1786%4h$30.6M$8.2M5xas long as short
edgeX BTWUSDC+0.365%+0.2395%4h$356K$435K10xas long as short
Show all 11 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX BTW-USDT+0.404%+0.0100%4h$237K$596K10xas long as short