Funding arb · Price arb /

TWT

all TWT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against MEXC+0.289%7-day average +0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1811.809% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 4 days (all we have)−0.105%−$11 · spread now +0.289%, 7d avg +0.123%

Together, before fees−0.080%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.166% dearer against MEXC than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TWT_USDT	0.5887	0.0100	pay 0.0050% / 4h	2h 04m	$6.8M	$168K	125x
Short	Gate TWT_USDT	0.5904	0.0100	get 0.0100% / 8h	2h 04m	$269K	$106K	50x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee GatebpOrdersPrice spread, now +0.289%Rate

Funding earned: $0
Price spread: +0.289% → +0.123%: $16.58
Slippage, 4 orders: −$157.93
Fee MEXC: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$164.35
Costs to cover: 1.809%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 12 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	0.85 bp	24.5 bp −$24	60.3 bp −$603	105.1 bp −$10.5K	doesn't fit
Sell Gate live order book, 12 min ago	13.56 bp	71.4 bp −$71	doesn't fit	doesn't fit	doesn't fit

TWT on 8 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
BloFin TWT-USDT	+0.0096%	4h	0.5895	+0.136%	$262K	$12K	75x	as long as short
Binance TWTUSDT	+0.0100%	4h	0.5887	0.000%	$3.9M	$2.3M	75x	as long as short
Bybit TWTUSDT	+0.0100%	4h	0.5886	−0.017%	$5.3M	$911K	25x	as long as short
Gate TWT_USDTshort	+0.0100%	8h	0.5904	+0.289%	$269K	$106K	50x
MEXC TWT_USDTlong	+0.0100%	4h	0.5887	long leg	$6.8M	$168K	125x
KuCoin TWTUSDTM	+0.0100%	4h	0.5895	+0.138%	$814K	$1.1M	30x	as long as short
BingX TWT-USDT	+0.0100%	4h	0.5889	+0.034%	—	$2.5M	—	as long as short
Variational Omni TWT	+0.0100%	4h	0.5891	+0.072%	$225K	$830	—	as long as short