Funding you earn now, next payment 09:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h +0.006%
Price spread now: Extended against MEXC−0.125%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.125% cheaper against MEXC than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC BTW_USDT | 0.8038 | 0.0810 | pay 0.0405% / 4h | 3h 29m | $8.9M | $6.3M | 20x |
| Short | Extended BTW-USD | 0.8028 | 0.0792 | get 0.0099% / 1h | 29m 01s | $35K | $15K | 5x |
MEXC BTW_USDT
Extended BTW-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.78
- Price spread: −0.125% → 0.000%
- −$12.5
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$21.28
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 4 min ago; Extended: no order-book sample. Net counts fees only.
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 MEXC live order book, 4 min ago | 1.25 bp | 8.1 bp −$8 | 40.7 bp −$407 | 254.6 bp −$25.5K | 769.6 bp −$384.8K |
| Sell Extended no order-book sample | — | — | — | — | — |
Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
BTW on 11 venues
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 | 0.8037 | −0.009% | $15.5M | $39.5M | 10x | as long as short |
| KuCoin BTWUSDTM | +0.0100% | 4h | 0.8030 | −0.097% | $7.1M | $4.7M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.8034 | −0.050% | $211K | $725K | 10x | as long as short |
| Gate BTW_USDT | +0.0394% | 4h | 0.8016 | −0.277% | $3.3M | $17.3M | 10x | as long as short |
| Bitget BTWUSDT | +0.0582% | 4h | 0.8043 | +0.063% | $25.2M | $14.7M | 5x | as long as short |
| Aster BTWUSDT | +0.0745% | 4h | 0.8021 | −0.207% | $2.2M | $3.3M | 5x | as long as short |
| Binance BTWUSDT | +0.0791% | 4h | 0.8040 | +0.024% | $111.7M | $173.5M | 10x | as long as short |
| Extended BTW-USDshort | +0.0792% | 1h | 0.8028 | −0.125% | $35K | $15K | 5x | |
| MEXC BTW_USDTlong | +0.0810% | 4h | 0.8038 | long leg | $8.9M | $6.3M | 20x | |
| BingX BTW-USDT | +0.0810% | 4h | 0.8034 | −0.050% | — | $4.0M | — | as long as short |
Bybit BTWUSDT
KuCoin BTWUSDTM
HTX BTW-USDT
Gate BTW_USDT
Bitget BTWUSDT
Aster BTWUSDT
Binance BTWUSDT
BingX BTW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | +0.0837% | 4h | 0.8016 | −0.272% | $348K | $511K | 10x | as long as short |
edgeX BTWUSDC