Funding you earn now, next payment 00:00 UTC−0.0936%/8h= −102.5% APRnext payment −$4.68 per $10,000 · paid last 24h −0.139%
Price spread now: Gate against MEXC−0.176%7-day average −0.159% · you buy dearer than you sell
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1201.197% of the position
Funding, last 7 days−0.331%−$33 on $10k
+Price spread, last 7 days+0.114%+$11 · spread now −0.176%, 7d avg −0.159%
=The price spread sits at its 7-day average of −0.159%, so right now this pair is about funding alone: −$28 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.331% in total (about -17.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.68 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC BTW_USDT | 0.8359 | 0.1680 | pay 0.0840% / 4h | 1h 20m | $10.3M | $6.1M | 20x |
| Short | Gate BTW_USDT | 0.8344 | 0.0744 | get 0.0372% / 4h | 1h 20m | $3.7M | $15.8M | 10x |
MEXC BTW_USDT
Gate BTW_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$196.56
- Price spread: −0.176% → −0.159%
- −$1.7
- Slippage, 4 orders
- −$104.7
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$317.96
- Costs to cover
- 1.197%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 3 min ago.
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, 3 min ago | 2.40 bp | 8.2 bp −$8 | 46.9 bp −$469 | 206.8 bp −$20.7K | 782.1 bp −$391.1K |
| Sell Gate live order book, 3 min ago | 10.02 bp | 57.9 bp −$58 | 84.2 bp −$842 | 661.7 bp −$66.2K | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDT | +0.0100% | 4h | 0.8331 | −0.339% | $205K | $768K | 10x | as long as short |
| Gate BTW_USDTshort | +0.0744% | 4h | 0.8344 | −0.176% | $3.7M | $15.8M | 10x | |
| Aster BTWUSDT | +0.1406% | 4h | 0.8358 | −0.010% | $2.3M | $2.8M | 5x | as long as short |
| KuCoin BTWUSDTM | +0.1426% | 4h | 0.8363 | +0.044% | $7.7M | $4.7M | 10x | as long as short |
| Bitget BTWUSDT | +0.1556% | 4h | 0.8372 | +0.161% | $26.5M | $13.2M | 5x | as long as short |
| Binance BTWUSDT | +0.1680% | 4h | 0.8360 | +0.012% | $116.4M | $165.7M | 10x | as long as short |
| Extended BTW-USD | +0.1680% | 1h | 0.8360 | +0.012% | $40K | $13K | 5x | as long as short |
| MEXC BTW_USDTlong | +0.1680% | 4h | 0.8359 | long leg | $10.3M | $6.1M | 20x | |
| edgeX BTWUSDC | +0.1695% | 4h | 0.8204 | −1.852% | $338K | $497K | 10x | as long as short |
| BingX BTW-USDT | +0.2436% | 4h | 0.8372 | +0.156% | — | $4.4M | — | as long as short |
HTX BTW-USDT
Aster BTWUSDT
KuCoin BTWUSDTM
Bitget BTWUSDT
Binance BTWUSDT
Extended BTW-USD
edgeX BTWUSDC
BingX BTW-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDT | +0.2450% | 4h | 0.8347 | −0.140% | $15.6M | $37.8M | 10x | as long as short |
Bybit BTWUSDT