data as of
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Price arb /

BTW

all BTW markets
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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−$98
spread now−0.236%7d average−0.084%fees + slippage, in and out−$83spread needed0.833%
Long on MEXCShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC BTW_USDT0.95900.2394pay 0.1197% / 4h1h 29m$15.8M$4.7M20x
ShortBybit BTWUSDT0.95670.0833get 0.0417% / 4h1h 29m$19.5M$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
−$23.57
Funding while held
−$46.83
Slippage, 4 orders
−$72.3
Fee MEXC: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$153.69
Spread needed to break even
0.833%
Slippage from MEXC: live order book, just now; Bybit: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
−0.1561%
Per $10,000 a day
−$46.83
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 MEXC live order book, just now1.04 bp6.9 bp −$724.5 bp −$245242.5 bp −$24.3K792.4 bp −$396.2K
Sell Bybit live order book, 1 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.
edgeX0.9558cheapestHTX0.9563+0.054%
Bybit0.9567+0.102%
Gate0.9573+0.160%KuCoin0.9582+0.254%Aster0.9588+0.323%Extended0.9590+0.336%
MEXC0.9590+0.338%
BingX0.9593+0.370%Binance0.9595+0.391%Bitget0.9610+0.551%

BTW on 11 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
edgeX BTWUSDC−0.337%+0.2397%4h$355K$438K10xas long as short
HTX BTW-USDT−0.284%+0.0100%4h$237K$594K10xas long as short
Bybit BTWUSDTshort−0.236%+0.0833%4h$19.5M$24.8M10x
Gate BTW_USDT−0.178%+0.1678%4h$4.2M$10.2M10xas long as short
KuCoin BTWUSDTM−0.085%+0.1430%4h$9.1M$3.2M10xas long as short
Aster BTWUSDT−0.016%+0.2307%4h$2.7M$1.9M5xas long as short
Extended BTW-USD−0.002%+0.2392%1h$46K$9K5xas long as short
MEXC BTW_USDTlong0.000%+0.2394%4h$15.8M$4.7M20x
BingX BTW-USDT+0.031%+0.0616%4h—$4.2M—as long as short
Binance BTWUSDT+0.052%+0.2401%4h$136.6M$112.2M10xas long as short
Show all 11 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bitget BTWUSDT+0.212%+0.1778%4h$30.7M$8.2M5xas long as short