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BTW — funding rate on Gate
Gate · BTW_USDT-0.139%per 4h · -0.035%/hlongs receive
last settlement-0.080%→upcoming payout-0.139%▲ heating up
37:06settlement
2calmheat
Price (mark)
0.988348
-10.8% 24h
Vol 24h
$5.9M
Open interest
$8.7M
Price move in 2 min
—
avg 7d
-0.002%/h
avg 30d
-0.036%/h
Entry economics
Position calculator
- Position size
- $2,500
- Funding per settlement (4h)
- $3.49 · $0.87/hour
- Net snipe per settlement
- $-0.51 = 0.139% − 0.110% − 0.050%
- Break-even for entry
- rate covers the threshold 0.87×needs 0.160%+ per settlement
- Liquidation price
- 0.79562 (−19.50% from price)
- Risk at this leverage
- no volatility data
- Max “green” leverage
- —
Funding goes to whoever holds the position at the cut-off. MMR in the liquidation formula is +0.50%; verify the price on the exchange before trading.
Context and comparison
Funding history · 180 settlements
BTW on 7 exchanges
| Exchange | Rate | Per hour | Receives | Snipe |
|---|---|---|---|---|
| Bybit | -0.162% / 4h | -0.040%/h | longs | +0.002% |
| Binance | -0.142% / 4h | -0.036%/h | longs | -0.018% |
| Bitunix | -0.140% / 4h | -0.035%/h | longs | -0.020% |
| Gate ← you are here | -0.139% / 4h | -0.035%/h | longs | -0.021% |
| Aster | -0.136% / 4h | -0.034%/h | longs | -0.024% |
| OKX | -0.121% / 4h | -0.030%/h | longs | -0.039% |
| Bitget | -0.075% / 4h | -0.019%/h | longs | -0.085% |
Bybit-0.040%/h
longsrate -0.162% / 4hsnipe +0.002%
Binance-0.036%/h
longsrate -0.142% / 4hsnipe -0.018%
Bitunix-0.035%/h
longsrate -0.140% / 4hsnipe -0.020%
Gate← you are here-0.035%/h
longsrate -0.139% / 4hsnipe -0.021%
Aster-0.034%/h
longsrate -0.136% / 4hsnipe -0.024%
OKX-0.030%/h
longsrate -0.121% / 4hsnipe -0.039%
Bitget-0.019%/h
longsrate -0.075% / 4hsnipe -0.085%
Max spread across exchanges: +0.022%/h
BTW across all exchanges: comparison & curves →Rates across exchangesPRO · free in beta
7 exchanges on one timeline
Bitgetevery 4hOKXevery 4hBybitevery 4hGateevery 4hBitunixevery 4hAsterevery 4hBinanceevery 4hrate corridor between exchanges
exchanges settle at different frequencies — an 8-hour step is bound to «lag» a 1-hour one, that's its grid, not a slower market
spread typically
0.0050%/h
widest spread
0.0362%/h
10.11 01:00 UTC · Bitget ↔ Aster
the spread is the hedge's rate before fees: that's what an hour of the pair-trade yields
How to read this
- Snipe: enter long before the cut-off, exit after settlement. Funding goes to whoever holds the position at the cut-off. The net capture in the calculator is already net of fees and slippage — and it does not include price moving against you in the settlement window (see volatility above).
- Hedged: a long here + an opposite position of the same size on another exchange or spot — funding capture without price risk, but four legs of fees.
- Extreme funding is a crowd story: price often runs into the cut-off and reverses after. This is data for a decision, not a recommendation.